Iowa bonded title 2025

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Most of the time, it is okay to purchase a car with a bonded title. However, you would need to transfer the owner of the bonded title to your name or buy a branded new bonded title with your name on it.
If your vehicle cannot be titled or registered by a county treasurer because you do not have the proper title documents, you may be able to file a bond as a condition of obtaining a title and registration plates.
North Carolina General Statutes Chapter 20 Section 76 requires individuals without proof of vehicle ownership to file a surety bond. Typically, you will need a bonded title under any of these conditions: You did not receive a title when you bought the vehicle. The title you received was incorrectly assigned to you.
An Iowa bonded title allows you to insure, register, or transfer ownership of a vehicle you own but dont have a valid certificate of title for. You must purchase one before you will be issued a bonded title. The Iowa title bond is your guarantee that you are the vehicles rightful owner.
Even though there are perks to buying a car with a bonded title, I cant ignore the downsides. One major drawback is how it can affect resale value; potential buyers might get cold feet, making it tricky when I want to sell or trade in my vehicle later.
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You can still sell your car while it has a bonded title, although youll need to disclose to any potential buyers that the car has a bonded title. The person who purchased the bonded title will remain responsible for the surety bond until the title becomes clear.
Buying a car with a bonded title can be a good option if you are aware of the risks and have thoroughly researched the vehicles history. It can also be a more affordable option compared to purchasing a car with a clean title.
You cannot sell a vehicle with a bonded title without first obtaining the original title. If you default on the bond, the surety company may be able to seize the vehicle. A bonded title will show up on your vehicle history report.

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