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#61
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Bottom line... this guy screwed up signing the title and now wants to get out of paying taxes. There's no way around that. He isn't the registered owner of the X5 until the title is in his name, even if he is the owner legally (assuming he has a bill of sale). If I were in a position to buy that X... I'd try to make it happen. Hard to find a clean 61,000 mile imola red 4.6is. It's going to come down to how much you want that X. It's not going to be a quick or easy transaction... but if you really want it, would be worth the work in the end. If the guy gives you guff, or doesn't want to be bothered registering it, then yes... as upallnight says, just walk away.
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2005 X5 4.4i Build 04/05 Maintenance/Build Log Nav, Pano, Sport (Purchased 06/14 w/ 109,000 miles) (Sold 8/15 w/121,000 miles) 2006 X5 4.8is Build 11/05 Maintenance/Build Log Nav, DSP, Pano, Running Boards, OEM Tow Hitch, Cold Weather Pckg (Purchased 08/15 w/ 90,500 miles) 2010 X5 35d Build 02/10 Nav, HiFi, 6 DVD, Sports Pckg, Cold Weather Pckg, HUD, CAS, Running Boards, Leather Dash, PDC, Pano (Purchased 03/17 w/ 136,120 miles) |
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#62
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Maybe it was just a case of buyers remorse and he realized he needs to sell it but doesn't really know what to do now. I would talk to him and see if he is willing to go up to the DMV in person with you, in Michigan all it would be in this case is the taxes and a $15 late charge for not registering the title within two weeks of purchase. From there they should be able to just have it signed over to your name with appropriate taxes and title transfer fees paid.
As others have said, this seems to be a hard to find ride, and it is a 50/50 shot as to whether the seller is honest and will do what needs to be done to make it right, but it's as simple as walking away if he won't. |
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#63
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I know it's thanksgiving, but I texted him with offer to meet me at Tax office.
I haven't heard back.
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2003 4.6is X5 2003 525it 2003 E53 X5 Standard shift |
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#64
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Keep us posted, hope it works out!
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2004 BMW M3 Individual 2009 BMW E70 X5 35d 2011 BMW E70 X5 35d - Totaled 2009 BMW M3 E90 - SOLD 2006 E53 X5 4.8iS - SOLD 2002 E46 M3 Convertible - SOLD 2006 E46 M3 ZCP - SOLD 2011 E70 X5 35d - SOLD 2000 E39 ///M5 - SOLD 2003 E53 X5 4.6iS - SOLD 2006 E83 X3 3.0i MSport - SOLD 2000 E46 323Ci - SOLD |
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#65
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Seems shady to me… But anyways here's your CARFAX. It looks freakin great pristine history. 1 owner no accidents. If you can get that title issue straightened out without being screwed over go for it. Because technically with his name on he title he owns the car. You don't want him reporting it stolen on your way home or anything.
Good luck let us know. ![]() Sent from my iPhone using Tapatalk
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2006 X5 4.4i Sport - Titansilber Metallic Prod.date: 2006-05-22 |
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#66
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To me sounds like he was trying to flip it and not show ownership so he didnt have to pay the taxes and fee's to register. Not sure he's being shady or deceptive he may have been more focused on making quick buck or 2 and didnt understand the implications. His next steps will indicate his degree of honesty to me.
Good luck hope this all works out |
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#67
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And few years ago we sold my wife's Pacifica to her niece and husband who then moved to PA. They never transferred the title for almost a year then tried to sell it. I only found out because they misplaced the lien release and had to access another copy for them. I had to overnight it so they could met the buyer at the DMV and my niece was to pay all the fees/penalty/taxes. I recall the new buyer took a notarized bill of sale and drove off with car and my niece would send him the signed transferred title.
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2001 3.0i * SOLD * Current 2010 E83 Alpine White |
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#68
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Quote:
To cover your ass never sell a car to family and if the buyer doesn't want to list his name on the title have them sign a bill of sale stating that they bought the car from you on that date. Better to be safe then have to hire a lawyer to fix up any mess later.
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2006 Infiniti G35 2001 BMW 3.0I E53 X5 Build date 08/2000 SOLD Lotus Europa 1970 Destroyed by fire Lotus Europa 1970 S2 Renault Powered Lotus Type 52 1970 Twincam Webers Powered PORSCHE 911 Targa 1982 The Garage Queen Audi Avant donated to Kars for Kids BMW 525IT Sold Audi 4000CS Quattro Sold Jensen Healey Lotus Powered Sold Opel 1900 Sold Triumph Spitfire 1971 Sold Triumph Spitfire 1968 Sold Plymouth "Cuda" 340 Six pack SOLD |
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#69
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Quote:
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2001 3.0i * SOLD * Current 2010 E83 Alpine White |
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#70
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Talked with owner today :)
I had a nice talk with the seller today.
I honestly think he was not aware of the Texas title law. He said he is going to tax office on Monday.
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2003 4.6is X5 2003 525it 2003 E53 X5 Standard shift |
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