I am assuming you bought this from a dealer. You need to go over your paperwork and see if the vehicle was listed as new or used. This would be on the purchase agreement, finance documents, odometer statements and title/registration paperwork.
If the dealer represented the car as new and it is used, you should demand your money back immediately. If the dealer hesitates at all contact the bank who financed the car and let them know what happened and also the Attorney Generals office & Better Business Bureau in your area.
Find out what car dealers don't want you to know at www.dealertricks.com
Most likely, it was a car that someone purchased and it unwound, commonly from financing. You're still in a new car with the full amount of warranty and the new car APR.
IF a vehicle has actually been titled to another owner, you are buying a "title B" or in most states, a used car.
If you were sold the vehicle as a "New" Car, you should feel somewhat upset. The thing that should concern you the most is that the next person to buy your car will see that they would be the "Title C," or third, owner. Then YOU would be in the jackpot for trying to sell a 'one owner' vehicle.
If you were to trade the vehicle to a dealer, he would immediately discover that it was a title C and your trade would be worth less money.
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no
is this vehicle currently registered?
Yes. Vehicle registration simply documents who legally owns the vehicle. You don't actually have to have a drivers license to own it.
The owner of the car has to register the vehicle. The person on the registration must insure the vehicle, or be listed to drive that vehicle on a family policy. That example sounds close to insurance fraud so please correct the situation. Sell the car to the other person and they have to insure it. Actually it is 100% legal for a person to insure a vehicle registered in someone elses name so long as nothing illegal is going on...it can be the parents etc.....
No, just as long as it is legally registered in the name of the owner.
Your vehicle should be registered in the state you live in.
A title cannot be changed without the owner of the vehicle signing off on the seller line. A title can be transferred and a vehicle registered by a person other than the registered owner in most states.
If the vehicle is registered to you, then this is grand theft. Call the police and report it. If the vehicle is not owned by you, then it may be theirs and they have a perfect right to drive their own vehicle.
What is the total no of registered motor vehicle in Mumbai up-to 2009?
The owner of the vehicle is responsible for whatever it does unless you can prove that someone else was driving.
General principle of insurance is that you can't insure something in which you don't have an interest.
As long as it is where the registered owner of the vehicle legally resides it is legal.