Re: Benoy Packard Dealer Auction

Posted by Owen_Dyneto On 2009/7/14 11:04:13

Actually, I'd think it would depend on whether Mr. Benoy took title to them at the time they were traded in. If he did, you'd be 3rd; if he didn't and the title transfers from the original owner to you, you'd be 2nd.

The second case happens frequently; you buy a car, the seller signs the title (in a title state), but you as the buyer don't transfer the title to yourself. When you sell the car, the new owner transfers the title from the first owner to you. Standard procedure here in NJ when you're going to flip a car, saves the double-payment of sales tax among other things.