Understanding Bonded Titles
8 months ago
1
A bonded title is a solution for vehicles with limited documentation for ownership transfer. If you lack proof of ownership, some states allow you to purchase a bond to ensure ownership. This bond serves as a guarantee, covering any potential claims against the vehicle's ownership in the future. However, bonded titles have limitations. They're typically stamped as "bonded," may restrict loans or insurance options, and can vary in recognition between states. Consider all options before pursuing a bonded title, especially if selling or financing the vehicle soon.
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