What should a dealer do if a title is lost before the sale?

Study for the DMV Used Car Dealership Test. Prepare with flashcards and multiple choice questions. Each question includes hints and explanations. Get ready to ace your exam!

If a dealer loses the title before the sale, obtaining a duplicate title before completing the sale is the proper course of action. This ensures that the dealer has the legal documentation required to transfer ownership to the buyer. A duplicate title provides proof of ownership and is essential for a legitimate and lawful transaction. Without a title, the buyer may face difficulties with registration and could question the legality of the purchase.

Ensuring that the title is in hand helps avoid potential legal issues and establishes trust with the buyer, who will want to have clear documentation confirming their ownership rights. Taking care of this requirement before any sale reaffirm the dealer's commitment to adhering to legal guidelines and providing a transparent transaction process.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy