Quote:
Originally Posted by AJ986S
However, if you ever intend to sell the car, if the purchaser intends to title it, in local jurisdictions (particularly MD) you cannot simply transfer the title signed over to you. Most vehicle titles have signature blocks for puchaser and seller. Once they've been filled in for a particular sale, a subsequent buyer cannot present it to the DMV to apply for a title. The only parties that I know that can accept that title would be intermidiary wholesalers, who can legally own vehicles without titling them. IIRC, many titles have a box for a wholesaler to fill out, but they must be licensed/registered legally in some manner.
As long as you don't plan to sell, not re-titling can work. However, if you intend to sell to someone, who might want to get it titled, then you could have a problem.
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Might be naiive, but I was assuming that if I planned ot sell it I would title it one day and sell it the next. Of course, that might set off red flags at DMV...
A friend lives in Loudoun county and has a boat that he stores on the bay in MD so he gets out of the tax that way. Unfortunately, I think Fairfax County may be worse than other counties in that you have to pay the Fairfax county tax regardless of where it is stored.