So in 2021 My truck was hit by another driver and I had it repaired. At the time repair was $12K and truck was worth about $14K . Since I was planning on keeping it I did nothing with the title. I'm looking to sell it and had some questions.
If I sell it privately to a family member and just transfer the existing title as is is there anyway the state/county can tell there was supposed to be a salvage title? If so what are the consequences for getting caught?
Along the same lines, said family member works for me, and vehicle is registered to my company. If I were to set him up on a "company vehicle program" we would not have to change ownership but would have to register in another state. Could the salvage title bit us in that case?
Update: I spoke to the body shop that did the repairs and he thought that in Iowa you didn't need to do a salvage title on a vehicle over 8 years old. Does this sound right?
If I sell it privately to a family member and just transfer the existing title as is is there anyway the state/county can tell there was supposed to be a salvage title? If so what are the consequences for getting caught?
Along the same lines, said family member works for me, and vehicle is registered to my company. If I were to set him up on a "company vehicle program" we would not have to change ownership but would have to register in another state. Could the salvage title bit us in that case?
Update: I spoke to the body shop that did the repairs and he thought that in Iowa you didn't need to do a salvage title on a vehicle over 8 years old. Does this sound right?
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