Clear Title
What is the penalty for selling cars with clear title,but salvage history?
would the dealer lose his license?
In most states, failing to disclose a previous salvage title can result in getting sued, losing, perhaps years later, treble damages, the other sides legal fees and interest.
So if you sell a salvage car without telling someone for $5000 and 3 years later they sue you, you could end up owing them $15k plus their attorney fees plus interest.
And that dealer bond that every dealer must have, they pay such judgments if you don't and then the insurance company collects from you.
Bottom line is its just not worth it. CLEARLY disclose the previous salvage title on the bill of sale and have the buyer sign and initial under the "previous salvage" disclosure.
Of course, if the buyer never sues you or complains you have no problem.
Would the dealer lose his license ? Probably because he wouldn't be able to buy another bond in the future. Again, only if the dealer didn't pay the judgment for whatever reason.
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