[FOR SALE] 1971 H Code Duster In-Violet

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udlooz

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1971 H Code Duster. 4 Speed NOM....has '69 340. 8 3/4 rear with 3:91 Sure Grip. Older single stage paint showing age with some fading nicks and scratches. Original interior unrest ore other than aftermarket upholstry. Aggressive cam. Runs strong. Bonded title. $19,500 obo. Car is in Wichita Falls Tx

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udlooz said:
1971 H Code Duster. 4 Speed NOM....has '69 340. 8 3/4 rear with 3:91 Sure Grip. Older single stage paint showing age with some fading nicks and scratches. Original interior unrest ore other than aftermarket upholstry. Aggressive cam. Runs strong. Bonded title. $19,500 obo.

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Whats the story on the bonded title?
 
Bonded title means there is a bond against what is really a temporary title. If somebody comes forward during a designated period of time( usually 3 to 5 years from when the bonded title was applied for) saying it is theyre car, not the guy who has the bonded title, a dispute can arise and thats what the surety bond is for.
Its usually sonebody loses a title, gets a bonded title, then hopefully nobody comes along saying " thats my car, not his"
 
So if I were to buy this Duster, the bonded title would still be valid meaning if the original owner came forward and proved it was his car, I would have to give it over to him after spending $19.5k?
 
H22A4 said:
So if I were to buy this Duster, the bonded title would still be valid meaning if the original owner came forward and proved it was his car, I would have to give it over to him after spending $19.5k?
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My suggestion would be to seek advice from your state DMV, and ask the seller the details of the bonded title.
Usually this is done because the original title was lost. Nothing sinister. But i would advise caution.
I am a car dealer, but bonded titles arent something i see.
 
Sorry for the delayed response. I forgot I posted on this site. I bought the car on Ebay, this Spring, from a Seller in Edmonton Canada. From what the Texas DMV and I could determine, the car was sold by am Ebay seller in Kentucky to a buyer in Canada. The seller signed off the Kentucky title but the buyer never registered the car. The first Canadian buyer then sold it to his friend in Edmonton. He never registered the car nor executed the title, either. I submitted all the docs to Texas and they could not provide a title as they had to have the Kentucky title assigned to me for it to be valid. Therefore, I purchased a $25k bond and was issued a bonded title. If for some reason, someone laid claim to the car, the bond would cover the buyers cost up to $25k.

I guess I could have got with Ebay and raised issue with the title, as the seller did not offer the info until after payment was received. Just didn't want to deal with the headache or get people in trouble. I guess if a buyer wanted to research the Kentucky owner, I could provide the photocopy of the title (Texas has the original.)
 
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Yes. Did the same thing to a car I had.

If the guy comes forward with the original title the insurance company pays the guy. What do they pay him? They pay him what they felt the value of the car was when the bonded title was submitted.

You keep the car with no further costs.
 
eccentricMagpies said:
Yes. Did the same thing to a car I had.

If the guy comes forward with the original title the insurance company pays the guy. What do they pay him? They pay him what they felt the value of the car was when the bonded title was submitted.

You keep the car with no further costs.
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That's very interesting. I always wondered what would happen if someone came up with the original title, and other paper work to verify HIS ownership. I always figured that if you owned the car, the original owner for it came forward with his bill of sale, ect, that you, or I would just be out the car, and money. This makes it feel better about purchasing a bonded tile car.
 
"That's very interesting. I always wondered what would happen if someone came up with the original title, and other paper work to verify HIS ownership. I always figured that if you owned the car, the original owner for it came forward with his bill of sale, ect, that you, or I would just be out the car, and money. This makes it feel better about purchasing a bonded tile car."
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Well... In all likelihood, if the guy had the original title but not the car, he probably would have reported the car stolen.

:thumbsup:
 
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