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1512 Technology Drive Ste 101, Chesapeake, VA 23320

Wisdom & Authority Title Solutions

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WHAT IS A NON REPAIRABLE CERTIFICATE

Posted on August 10, 2013 at 1:17 PM Comments comments (3)
 
 
 
 
 
 
I feel the need to write this post about the issuance of non-repairable vehicle certificates, due to the rise of salvage vehicles in this country and people that I see who are caught up in non-repairable certificate dilemmas.  To shed light on this subject, the following will be observed in this post: what a non-repairable certificate is, buying or receiving a vehicle with a non-repairable certificate, how to avoid a non-repairable certificate mishap.
 
What is a Non-Repairable Certificate?
 
Before I state what a non-repairable certificate it, I must say that a non-repairable vehicle is also a salvage vehicle and in this case, is non-repairable.  Note: refer to my previous blog on salvage vehicles (a salvage vehicle can fall in different categories).  A non-repairable certificate is a certificate that has been issued for a vehicle that has been declared non-repairable by the vehicle's owner or insurance provider.  In order for a vehicle to be classified as such, the estimated cost of repair of the vehicle must exceed 90% of its actual cash value, before the damage occurred.  Accordingly, to ensure that this last stage of this type of vehicle is filed and documented properly; any title, salvage title and or registration card, must submitted and cancelled, when applying for a non-repairable certificate.
 
 
 
Buying or Receiving a Vehicle with a Non-Repairable Certificate:
 
From the eyes of someone with experience in vehicle titles; I come across people who buy vehicles that have non-repairable certificates, without having a true understanding of what the term mean and then some will buy the vehicle knowing full well that this type of vehicle isn't road worthy, but will try to slip through the cracks anyway and sell it to unauthorized buyers anyway.  What do I mean?  First, let me say that whenever a non-repairable certificate is present, no one can sell such a vehicle, unless the buyer is a demolisher, recycler or scrap processor of some sort.  These types of individuals/businesses are only to use the vehicle for parts, scrap, or recycling purposes only.  So if anyone other than the types stated above, buy a vehicle that has a non-repairable certificate then they are putting themselves in an unfortunate situation.  Second, some people may try to sell or "flip" a non-repairable vehicle to a buyer who isn't savvy about non-repairable vehicles.  The recipient, believes that they have a good deal and will try to get a title, only to face rejection.   For example, I've advised clients who have bought vehicles (and I'm talking about late model vehicles that appeared to be in excellent condition) with non-repairable certificates, thinking that they were able to get a regular title for the vehicle and drive it without any problem at all.  Unfortunately, I've had to relate the bad news to them that the vehicle that they have purchased is good for nothing but parts or scrap.  At then end, money was lost and they had a vehicle that didn't do them any good.
 
 
How To Avoid a Non-Repairable Certificate Mishap:
 
To save yourself time, frustration and the reality of not getting a clear and legitimate title, adhere to the following points when it comes to non-repairable certificates:
 
  • If you are buying a vehicle and you receive a non-repairable certificate; please understand that this vehicle is for parts or scrap only and that you won't be able to get a title for it and put it on the road-NO EXCEPTIONS.  Ask to review any paperwork, prior to you signing any documents.
  • If you buy a vehicle that has a non-repairable certificate and the dealer didn't present you with legitimate disclosures "indicating that the vehicle was to be sold to a demolisher, scrap processor or recycler" and you believe that you were deceived, you should seek to take legal action immediately.
  • Get the history of the vehicle prior to going to the dealer if possible.
 
For questions regarding a non-repairable certificate, submit your concerns to [email protected]
 

Bought a Vehicle Online Without a Title

Posted on June 2, 2013 at 9:39 PM Comments comments (0)



If you have read my posts about title skipping or buying a vehicle without a title; you owe it to yourself to gain more insight about getting or buying a vehicle without a title.  This post, however will focus mainly on the issues associated with buying a vehicle online, "where there is no title present or given".  Keeping that in mind, areas such as the "types" of people who sell vehicles online without giving titles, and reasons why you should avoid buying a vehicle online without a title will be highlighted.

First, I want to say that buying a vehicle online isn't necessarily a bad thing. The problem is when you buy a vehicle online and don't receive a title (provided that you paid for the vehicle in full).  When buying a vehicle online, I strongly urge the prospective buyer to do his or her due diligence, by ensuring that a title (a legitimate one of course) is available.  

Next, what type of people sell vehicles online without giving titles or the proper title to the vehicle?  To be honest, individuals and unlicensed "dealers", usually take advantage of the possibility of selling a vehicle for quick cash.  There is an exception to the rule; which is why I'm not saying that every person who sells a vehicle online without providing a vehicle online is unethical.  There are some genuine people that might believe that they can sell a vehicle without giving a title, because they  lost the title that they had.  However, there are people who are "flipping" vehicles online as means of a source of income and really don't care about producing titles, just as long as the vehicle can render quick cash.

Last, I strongly urge against buying a vehicle online without a title, due to the following reasons:

A. The vehicle could be stolen
B. The vehicle may have a lien on it
c. In the event the vehicle that you bought online is a part of a scam, there is little if any recourse for compensation to be regained.
D. The vehicle itself could have VIN, and or odometer discrepancies.  Note: not having a title, will complicate the matter more, due to the inability to compare VIN and odometer data.


As a vehicle title expert, I am able to provide you with the insight that you need, if you bought a vehicle from online and didn't receive a title in turn.  Don't deal with this unfortunate mishap on your own.  Get professional title help from Wisdom & Authority Title Solutions today.

IFTA 1ST QUARTER TAX HELP

Posted on March 23, 2013 at 4:23 PM Comments comments (0)









Truckers, only 8 days remain until IFTA 1st Quarter 2013 comes to a close!  This post will serve as a reminder that IFTA filing for first quarter is drawing near, as well as how to prepare for filing and other miscellaneous items to take into consideration.  For those who are new to IFTA tax filing, the information you are about to read will help you to digest  important factors that goes into IFTA filing and for those who are used to IFTA and may even be facing some challenges; now is the time to stay in compliance or get a new start as well.


IFTA 1st Quarter Tax Deadline:

IFTA 1st Quarter ends on March 31, however the deadline to file 1st Quarter's taxes ends on April 30.  As a reminder, if you don't file your 1st quarter IFTA taxes by April 30, you will face late charges, and interest/penalties.  


How to Prepare For Filing:

Staying on top of your IFTA tax filing from the beginning makes the preparation process much easier for the trucker and the IFTA tax preparer.  Tips to consider are:

  • Keep track of fuel and mileage records on a weekly basis rather than waiting until the the last minute or until the quarter has ended.
  • Only use one mileage log book per truck at a time (using multiple log books per truck at one time opens the door for possible citations and audit issues)
  • If you are leased onto a company, ask early on whether they file IFTA taxes for you automatically or will you be responsible for filing them yourself.  
  • Keep logical Point A to Point B routes recorded.  Routes or paths of direction must be logically connected.


Miscellaneous Items to Take into Consideration:

  • If you close your trucking business and or had no operations during a particular quarter, you must notify your IFTA tax preparer or Motor Carrier Services and do so before the filing deadline.  Failure to do so will constitute a late fee and possible interest/penalties
  • Weight Distance Filing is due quarterly like IFTA tax filing and falls on the same deadline dates.  
  • If you hauled in NY, KY, NM and or OR; you are required to file quarterly weight distance for those states.  If you had no operations in the states named, you must notify your IFTA tax preparer or Motor Carrier Services. and do so before the filing deadline.  Failure to do will constitute a late fee and possible interest/penalties.


Wisdom & Authority Title Solutions is committed to helping you stay in motor carrier compliance.  Motor Carrier tax matters can be complex and extremely frustrating for truckers, so whether your tax matter is mild, basic or complex, we can help.  If your taxes are late by one quarter or seriously delinquent, help is available for that as well.

Buying a Vehicle With a Lien on It

Posted on March 3, 2013 at 7:08 PM Comments comments (2)









During this briefing I will reveal details about buying a vehicle with a lien on it.  With that being said, areas that will be covered are: how can a vehicle that's being sold have a lien on it, and should you buy a vehicle with a lien on it?

Before I address the above points, I feel the need to address a lien matter that I discuss with my clients everyday.  First, let me say that liens don't automatically drop off of vehicles, nor do they drop off of vehicles based on the year of the vehicle.  As an example a person can have a 2000 Ford Explorer, which one might assume has been paid off, however, if the vehicle has been used as collateral through a title loan service, and the title loan service still has interest in the vehicle, then the vehicle has a lien on it!  Second, the finance company or lien holder doesn't automatically remove a lien from a vehicle, but rather  will sign off on the title and it is the responsibility of the vehicle owner to get the title cleared (from DMV) at that point.  However, an exception is with electronic (or Elien) lien holders-because some lienholders prefer electronic versus paper titles.  Keeping these matters in mind, the following will shed light on buying a vehicle with a lien on it:

How Can a Vehicle That's Been Sold Have a Lien on It?

A vehicle that's been sold could have a lien on it due to the following scenarios:

A. the seller may assume that the lien is gone off of the vehicle due to the fact that the vehicle was paid off a long time ago; thus selling a vehicle with (with or without a title).  Note: sometimes a vehicle owner may have the title with the lien on it-the vehicle owner must get it cleared though, if the lien has in fact been satisfied.

B. the lien on the vehicle hasn't been satisfied and the seller is aware of this, but still may try to sell the vehicle for quick cash.  Note: the seller may assure the buyer that there is no lien.

C. The legal way that a vehicle can be sold with a lien on it, is through the consent of the lien holder; thus the lien is transferred or bought out by the buyer.


Should You Buy a Vehicle With a Lien on It?


I recommend not buying a vehicle with a lien on it!  However, if you choose to do so, I suggest, dealing directly with the lien holder, to ensure that you have clearance from them to either take over the payments or complete the buy out.  Doing this, will ensure that everything is done legally.  Failure to go this route, will put you in jeopardy of facing title delays when you try to get the vehicle titled and registered in your name, also there is the possibility that the lien holder may report the vehicle as being stolen (if the seller ceased to make payments and the vehicle can't be located for repossession).  Note: this will place you in a situation of "driving a stolen vehicle".


Wisdom & Authority Title Solutions is able to help you with your lien dilemma.  If you bought a vehicle with a lien on it knowingly or unknowingly, get help today.

IFTA 4TH QUARTERLY TAX HELP

Posted on January 21, 2013 at 8:55 AM Comments comments (0)








This post will act as a reminder that 4th Quarter IFTA tax filing ends on January 31, as well as a source of motivation to help you get your taxes submitted on time.  In this briefing I will focus on what you need to file your IFTA taxes on time, what happens when you don't file on time and other points to remember when filing your IFTA taxes.



What Do You Need to File Your IFTA Taxes?

  • Accurate mileage logs/records
  • Accurate fuel records/receipts
  • If you are late from previous quarters you will need to have the documents that you received from Motor Carrier Services stating penalties, late charges, additional requirements, etc. (FROM YOUR BASE STATE)
  • If you are facing an audit and still need to file your IFTA taxes, you will need all of the items listed above as well as prior IFTA tax filing documents, fuel receipts and mileage logs/records from 3-5 years of filing, from the start of your operation or the date/s in question as requested by the auditor


What Happens When You Don't File on Time?

  • An IFTA late fee is imposed by your base state
  • Penalties and interest accrue continuously on your IFTA account until the tax is paid
  • If your taxes aren't paid within a certain amount of time your IFTA license will get suspended and this will affect your IRP (apportioned registration as well)
  • Your overall trucking operations will be at stake.  If you choose to operate on invalid credentials (IFTA, IRP, etc.), you will face more citations and penalties from Motor Carrier Services, Scale officials, DOT, etc. and your trucking operations will shut down!


Other Points to Remember When Filing your IFTA:
  • If you are hauling in KY, NM, OR and or NY;  (based on weight limits) you will be required to obtain weight distance and hauling permits for these jurisdictions
  • If you obtain a KY, NM, OR and or NY permit, you will be required to file the quarterly weight distance tax for these jurisdictions.  The quarterly tax has the same quarter start and end dates as well as filing deadlines as IFTA Tax requirements.



Wisdom & Authority Title Solutions is committed to helping you stay in motor carrier compliance.  Don't avoid getting the help you need with your IFTA filing.  If your tax filing is out of hand, help is available to you today.  From basic to complex fuel tax matters, your situation is covered.

Vehicle Title Fraud Help

Posted on January 17, 2013 at 9:04 PM Comments comments (0)





This post will provide insight on what vehicle title fraud is, and what to do if you are the victim of such a situation .  Vehicle title fraud is the intent to sell or acquire a vehicle/title illegally, while manipulating vehicle data with the purpose to defraud.  Keeping that in mind, vehicle title fraud can come across in many degrees; however the two most frequent measures are: deceptive acts to the title document itself and the acquisition or distribution of auto titles.  The following entails:


DECEPTIVE ACTS TO THE TITLE DOCUMENT ITSELF:.

In this situation, the fraud is actually taking place on or with the title itself.  Examples are:


  • Odometer Rollbacks
  • VIN Switching
  • Make, Model, Year Discrepancies
  • Counterfeit Title Occurrence
  • Manipulation or "Creation" of Ownership Data
  • Purposefully omitting recordings such as lien holder, dealer, seller, sales price, etc. information


ACQUISITION OR DISTRIBUTION OF VEHICLE TITLES:


In this case, certain matters occur that affect how titles are passed along or handled.  Examples are:

  • Title skipping (selling a vehicle without providing because another party didn't provide you with a title as well or receiving a that wasn't transferred properly)
  • A lien holder, dealer or another party fails to provide a title to the customer, even though the vehicle is paid off or was paid in full
  • Acquiring a title for a vehicle that is non-repairable with the intentions of operating it on the road or selling it to someone who plans to operate the vehicle on the road
  • Selling salvage vehicles without disclosing the damage and extent of the damage to prospective buyers
  • Getting a vehicle titled in an individual's or business name their consent

If you are the victim of title fraud, it is necessary to take immediate action, by notifying DMV, and law enforcement.  Retaining the name and other pertinent information of the seller is important to have as well; so use caution when buying vehicles from people with obscure locations,  online, contact information, etc. If you are the victim of a title fraud situation; Wisdom & Authority Title Solutions , can help.  If someone titled a vehicle in your name without consent, inquire about our title/vehicle history research investigation assistance.

©2014 Wisdom & Authority Title Solutions LLC

Tips To Prepare Your IFTA Quarterly Taxes

Posted on November 10, 2012 at 7:47 PM Comments comments (0)





We are in the midst of 4th quarter IFTA filing and there is no better time than now to stay in compliance with your IFTA filing.  In this post, I will provide insight on the basic requirements to make your filing easier as well as some important tips that can save you from an audit nightmare.


When it comes to preparing for your IFTA filing, the basic requirements are:

  • Accurate and legible fuel receipts for all trucks in your opeation
  • Accurate mileage records for all trucks in your operation



While preparing IFTA tax returns, I come across mistakes that can be major when it comes to audits but can actually be minor if caught in time.  The following are things to be mindful of when you are preparing for your IFTA tax filings:
  • You can't use fuel receipts for states in which you don't have miles for
  • The states and resulting miles that you travel through must connect logically.  For example, you can't list having a certain state, but don't include certain states that you would've gone through on a logical route, going to that state.
  • Having multiple mileage logs for one truck is illegal and can constitute a problem


As an IFTA tax preparer, I understand that truckers, are under pressure to meet load deadlines.  If you are having a challenge keeping your records in order, please note that Wisdom & Authority Titling Solutions is available to retain your fuel and mileage records on a weekly basis for you and will file your quarterly IFTA taxes as well.  

Multiple Owners on a Vehicle Title

Posted on September 29, 2012 at 10:33 AM Comments comments (9)







In this post, I will talk about  multiple owners on a vehicle title.  With that being said, emphasis will be placed on two types of scenarios; multiple owners on a vehicle title (in the case of joint ownership) and multiple owners on a vehicle title (in the case of title skipping or title flipping).  


Multiple Owners on a Vehicle Title (Joint Ownership)

Let me start off by saying that almost everyone whose had a vehicle titled in their name before, is familiar with the ability to get a vehicle titled in 2 names.  In addition to this, it is also true that a vehicle can be titled with more names (usually up to 5 total- depending on the state).  

Important Points Regarding Joint Ownership:


  • All owners on the title have equal ownership regardless of their position (1st, 2nd, etc.)
  • All owners have the right to add "rights of survivor-ship", (in the event of death, the rights will be automatically transferred to the other surviving parties)
  • In the event the parties wish to sell the vehicle, all parties on the title must sign as the sellers
  • In the event one party wants the other party or parties off of the title (the individual or individuals who are asked to be removed, must consent to being removed-by signing the title over to the other remaining party or parties.  Note: if the person who is being asked to be removed, has no desire to do so, then the situation becomes a civil matter and must be taken to court, because all parties on the title have equal ownership.


Multiple Owners on a Vehicle Title (Title Skipping)

Multiple owners on a title in the case of title skipping is not good and to be frank, it's illegal!  For those who are familiar with my previous posts on title skipping you are familiar with what this situation is.  If you aren't, I will give you a brief description of multiple owners on a title in regards to title skipping.  An example like this might be when you purchase a vehicle from someone and they give you a title.  On the title, you will see that a seller and buyer signed in one section, a seller and buyer signed in another section, and so on.  Unfortunately, the title was never transferred (as it should have been).


Important Points Regarding Title Skipping:


  • The last buyer who is presented with the title, usually has the challenge of getting the vehicle title because they aren't the "actual owner"
  • It's illegal to transfer titles (with multiple owners on the reassignments), unless you are a licensed dealer
  • DMV reject title skipping issues, and sometimes depending on the severity of the matter it can result in a civil (court) dispute between the parties involved.

Wisdom & Authority Title Solutions is available to assist you with your vehicle title needs.  If you need to title a vehicle with joint owners or if you are involved in a title skipping situation, you owe it to yourself to get professional vehicle title help today.  





Title & Register an Antique Vehicle

Posted on September 10, 2012 at 9:56 PM Comments comments (1613)




With more and more people buying antique vehicles for show cars or for fixer upper projects, this post will shed some light on titling and registering antique vehicles.  In this post the areas of focus will be on: what is an antique vehicle, title and registration tips for antique vehicles, and regulations for antique vehicles.


What is an Antique Vehicle?

An antique vehicle is classified as a motor vehicle including trailers and motorcycles that is a classic, or vintage item.  The classification of whether a motor vehicle is an antique or not is determined by the state or jurisdiction.  For example, in the state of Virginia, a vehicle that is more than 25 years old 
is considered an antique.  


Title & Registration Tips for Antique Vehicles:


  • Not all antique vehicles started with a title (some states didn't title vehicles until after certain years.
  • An antique vehicle is titled like any other vehicle, with the exception that the VIN may appear shorter on the title (VINs before the 1980s were usually 11 digits versus the 17 digits that we have today).
  • Antique vehicles aren't required to have antique or vintage plates, however restrictions do apply (if such plates are used).


Regulations for Antique Vehicles:


  • If you have antique/vintage plates on your vehicle you must be in compliance with DMV antique/vintage vehicle regulations.  For example, while having antique/vintage plates on your vehicle, you are prohibited from driving your vehicle daily or as you would your regular non-antique vehicle.  Having antique/vintage plates on your vehicle allows you to drive only on the week ends, to and from shows and during holidays.
  •  Antique vehicles don't have to be inspected
  • If you wish to have antique/vintage plates on your vehicle, you must have at least 1 non-antique vehicle that is titled and registered to you and that you will use for normal operations, as is the policy of Virginia.


If you bought a antique vehicle, motorcycle or trailer and didn't receive the title or you have a titling concern pertaining to this vehicle; Wisdom & Authority Titling Solutions is available to provide you with professional vehicle titling assistance.

Source: Certain information was used from the Virginia DMV

Unified Carrier Registration

Posted on September 9, 2012 at 8:30 PM Comments comments (1)






Those who are in the motor carrier industry will hopefully benefit from this post because it deals with UCR or Unified Carrier Registration, a program that affects almost everyone in the interstate or international aspect of motor carrier operations.  In this post, I will mention what the UCR or the Unified Carrier Registration program is, Who Must File this Type of Registration and The Consequences of Not Filing UCR.


What is UCR (Unified Carrier Registration)?

Unified Carrier Registration is a motor carrier registration fee that was mandated by the Federal government in September 2007; and is executed by the state governments.  The registration fee that is paid is based on the number of power units/vehicles in the operator's fleet.  The monies generated from the fee is submitted to that carrier's state of operation (regardless of how the operator chooses to file or submit payment).


Who Must File UCR (Unified Carrier Registration)?

The following operators must file UCR:

  • Motor Carriers
  • Private Carriers
  • Freight Brokers
  • Freight Forwarders
  • Leasing Companies

In essence, the above operators who are involved in interstate or international operations must file.
Consequences for Not Filing UCR (Unified Carrier Registration)?
The deadline to file UCR is December 31 every year.  Please be advised that if you are a motor carrier, private carrier, freight broker, freight forwarder or a leasing company and you haven't filed UCR since 2007 and you have had operations since then, you still must file UCR.  The consequences for not filing UCR are:
  • Citations from DOT and highway patrols/law enforcement officials
  • Late fee/penalties for filing late
  • Possible suspension of your motor carrier licensing and registration status
  • Possibility of having your overall operations shut down by DOT

If you have concerns about filing your UCR, are late filing UCR, or have general questions, Wisdom & Authority Titling Solutions is available to assist you with your UCR needs today.  My goal is to keep you in motor carrier compliance, so avoid delays and penalties by getting help today!

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