quattro digest, Vol 1 #3252 - 19 msgs

[Phil Payne]

> Now then, on to your problem.  What he is doing is called 'flipping' a
> title.  Basically he is reselling the vehicle without ever having paid
> taxes on it himself.  He got the person to sign the pink slip over blank,
> and he filled on your name once it sold.  He doesn't want to provide you
> with a slip from the original owner, because more than likely it will have
> to price he paid on it, thus revealing his profit on the deal to you.  In
> addition some states (such as mine, North Carolina) limit the number of
> vehicles a person other than a licensed automobile dealer from selling more
> than a certain number of vehicles in a year (5 in NC, theoretically.)  By
> flipping the title, the vehicle doesn't count against your total allowed.

Slightly different in the UK - the maximum is 4.

There are no tax implications here, but there is a warranty implication.  If the person
selling has sold four or more cars previously in the same year, the purchaser had the rights
he/she would have when buying from a dealer.  This is a problem specifically with Audis;
within the UK Club there is an individual buying and selling cars using nominees - in one case
for which I have all the paperwork, he uses his brother and deals 'on his behalf'.

--
  Phil Payne
  http://www.isham-research.com/quattro
  +44 7785 302 803
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