How to file for a bonded title in missouri
Bonded title instructions
Timecodes:
here are the instructions of obtaining a
bonded title for your vehicle when that
is the best process to use first of all
start with collecting all of your
documentation do you have a bill of sale
for the vehicle
do you have records of text messages or
receipts or things showing how you
acquire the vehicle once you pull out
those together then you're going to
contact a bonding company a bonding
company will sell you a vehicle surety
bond this is something that guarantees
the ownership of the vehicle usually
that bond is going to cost about a
hundred dollars could be ninety nine to
five hundred dollars and you can locate
a bonding company through our website at
cartitles.com we have a list of a bunch
of very good bonding companies we've
used in the past you can also do a
Google search for vehicle title bond and
then your state so if you're let's say
in Minnesota you do Google search for a
vehicle title bond Minnesota there will
be many companies that show up the good
thing about a vehicle title bond is the
amount that you'll pay for any one
company versus another will likely be
the same it's usually a statutory
regulated industry so that the price for
a bond is regulated by the state in your
state so you're not going to be to much
variation between one company another
however once you do find a company that
you want to deal with you might ask them
if they will also do the rest of the
paperwork after they sell you the bond
that may be a convenience that they
offer to you as a customer that's where
you're shopping around will get you some
value once you've contacted the bonding
company they're going to have to approve
the bond for your car
there'll be an underwriting process to
make sure that your scenario is
applicable for them issuing a bond
because they're on the hook for the
whole price of the car so if it's a
three thousand dollar car and you're
only paying a hundred dollars for the
bond if anything goes wrong with that
ownership they're guaranteeing that
ownership so they'll probably do some
due diligence to make sure that they're
less likely to be on the hook for an
expense of paying for that car at a
later date once you have the bond from
that company it'll be a certificate of
surety you then take that to your DMV
along with an application for a bonded
those two things are the only two pieces
of paper you need to bring to the DMV
once you have that they will issue you a
title in your name now that title may
indicate that it's a bonded title that
designation normally falls off
automatically after three or five years
it also is not like a salvage title or
rebuild title where it has some
permanent brand on the title it just
indicates that a bonding company
approved and backed up that title like I
said in many cases the bonding company
will also do that paperwork at the DMV
for you if you can talk to the company
that you deal with about that
possibility they may offer to do it even
if they don't worst-case scenario you do
it yourself it's a very simple process
you fill out one form you send it in or
mail it in they'll send you title again
you don't have to pay any outside
company hundreds of dollars to do this
in fact in some cases that's illegal if
a company is offering to sell you a bond
or do a bond for you in many cases that
offering requires a license in the state
to do business and it has limits on the
fees there's a lot of online companies
that charge four or five hundred dollars
to do a bonded title which may or may
not be legal so make sure that you're
dealing directly with a bonding company
you're only paying the bond fee and not
any kind of agent fees and you can do
this yourself very simply and have a
title in your hands very quickly
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