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Old 05-21-2014, 07:13 PM   #21 (permalink)
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Bought a car once with 82k miles, timing belt broke on a 5 mile test drive, never tried to extort money from the seller, never thought of trying.

In Virginia a car over 10 years old is not sold with a salvage title, title is clear, even though it is sold through a salvage disposal company. Salvage titles on newer cars unless damage exceeds 75% of cash value before damage, then it can not be titled and is sold as nonrepairable.

If the actual selling price was more than the $250 recorded on the title, then the purchaser has intentionally defrauded the state out of their legitimate taxes on the purchase. Va. recognizing that this is a common practice and used to charge a minimum of $35 in tax (assumed value $1000) but recently increased that to $75 (assumed value $2000).

If buyer tries to use (assuming the selling price was higher) that as a "means to extort" then the buyer has committed at least a misdemeanor of fraud against the state. He (or she) would be an absolute idiot to even consider any such legal action and it would be his (her) word against yours, unless the transaction, in particular the exchange of money was videotaped with consent of both parties.

No lemon laws apply to private party sales, at least not in Va.

caveat emptor (buyer beware)

"Pound sand turkey".

regards
Mech

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