Bonded Title for a Vehicle

So what is a bonded title for a vehicle and how can I help you replace a recover title when there’s difficulty with the paperwork?

Definition of a Bonded Title
A bonded title is simply a process where you as the vehicle owner, when you don’t have all the right paper, you don’t have the prior title, you don’t have maybe the right documentation, you purchase a bond from a bonding company.

Function of a Bond
That bond guarantees the ownership of the vehicle. You can present that to DMV as your ownership rather than presenting them the old title.

Using a Bond When the Title is Unavailable
So if you can’t get ahold of the old title, you can get a bond that will replace that with the DMV. It’s in lieu of the correct documents that prove you are the owner.

Approval from Bonding Company
The bonding company needs to approve this. They don’t just automatically write a bond. They’re gonna check out your story, make sure you have at least something like a bill of sale or some documentation, and make sure that the vehicle is legitimate.

Cost of a Bond
Normally, the cost is going to be about a hundred dollars, one hundred and ten dollars for the bond. It’s not an excessive amount, and the bonding company wants to prove it because they’re on the hook for the vehicle.

Bonding Company’s Interest
They collect a hundred or so from you, but they’re on the hook for the entire value of the vehicle. A bonded title process is something you can do yourself.

Assistance from Bonding Company
You purchase a bond, the rest you can do at DMV. In fact, in many cases, if you purchase a bond from a bonding company, they will help you with the DMV process for free because they have a vested interest in making sure that the process is completed correctly.

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