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 Posted: Tue Dec 09, 2008 4:49 pm Post subject: Do I have to pay registration on a totaled new car? |
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| Purchased a car 1 month ago; total loss this weekend. First payment not due for another 11 days and car not yet registered to me as still have not received lienholder info, etc. from dealer (loan company doesn't even have title yet). Insurance company says I must register car in order to get settlement; but settlement goes straight to loan company. I am in Kansas; any options? |
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MoInsuranceGal
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| Posted: Tue Dec 09, 2008 11:43 pm Post subject: |
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Part of the total loss settlement will include the cost to register the same type of vehicle. So you will be paid for your loss of registration money.
You bought the car (signed the buyers agreement) so you need to follow through and have it moved into your name. If you don't, you won't have suffered the loss of the vehicle but the loan company is still going to hold you accountable for the loan. I would think that part of buying the vehicle would include the cost of the registration. That is, that you would have already paid this fee. If not, and you did not pay to have it done, I suppose the prior owner of the vehicle could sign a power of attorney to complete the transaction and do it without your assistance. They could then pay the full amount of the claim to the lien holder (including the registration fee). Of course, your lien holder and the person who sold the vehicle are not going to be all too happy about your unwillingness to follow through with the transaction. |
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tcope
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| Posted: Wed Dec 10, 2008 11:41 am Post subject: |
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He's right and so is the adjuster you need to move quickly to get this registered so they can pay the claim you are incurring additional interest every day you delay (or the claim payment is delayed by your delay)...step on it honey, and get this resolved.
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Lori
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| Posted: Wed Dec 10, 2008 12:58 pm Post subject: |
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| This is also where Gap insurance would come in handy correct? I read a post where a vehicle losses alot of value as soon as it leaves the lot. If its totaled and the poster doesn't have GAP insurance it would leave him/her with out of pocket expense unless it wasn't nrand new right? |
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fireyone
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| Posted: Wed Dec 10, 2008 1:46 pm Post subject: |
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| Quote: | | This is also where Gap insurance would come in handy correct? |
yep
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Lori
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| Posted: Thu Jun 03, 2010 3:06 am Post subject: registration fee |
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My car registration expired May 31, 2010. On May 30, 2010 another driver crashed into my parked car. I have already made my registration renewal payment but haven't received the slip or new tag yet. If my car is declared totaled (collision shop said it should be quite expensive but no estimate as of yet), is there a way that I can get my registration fee back? I would hate to pay $300+ in registration fees for a car that I never drive again and then pay for registration on whatever car I decide to get next. Thanks in advance, I'm in CA.
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KrashedKar
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| Posted: Thu Jun 03, 2010 11:43 am Post subject: |
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Check with CA's DMV, but why wouldn't you be transfering your plates to whatever vehicle you replaced this one with, (if it totals)? If indeed all or a portion of that money is lost, I'd certainly bring this to the adjusters attention.
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Lori
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| Posted: Thu Jun 03, 2010 6:49 pm Post subject: |
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I don't know what the process is for a totaled car. If the plates and registration usually follow the vehicle owner in this situation, I would assume that is what will happen. I don't have an estimate from the collision shop and my insurance company hasn't told me anything about the car yet, but the collision shop made it sound like there is a very expensive amount of damage so I want to be prepared.
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KrashedKar
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| Posted: Thu Jun 03, 2010 10:44 pm Post subject: |
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| Quote: | | If the plates and registration usually follow the vehicle owner in this situation, I would assume that is what will happen. |
In all states I'm aware of you can transfer the plates from vehicle #1 to vehicle #2..people do this all the time, when they trade in a vehicle...if the GW is the same. As long as you no longer own vehicle #1... | Quote: | | I don't have an estimate from the collision shop and my insurance company hasn't told me anything about the car yet, but the collision shop made it sound like there is a very expensive amount of damage so I want to be prepared. |
Never hurts to be proactive...If you'd like post the year/make/model and mileage of your vehicle, and we can let you know about 'how much' in damages it will take to total it...
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Lori
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| Posted: Fri Jun 04, 2010 12:34 am Post subject: |
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Thanks for your help. Collision shop says his estimate is a little bit north of $17,000 and KBB private party value on my vehicle is just above $22,000 (08 Tacoma PreRunner Sport Pkg Long Bed Tow Pkg 16,000 miles). Collision shop said it will probably be totaled, but if not it will take about 4 months to fix (said the frame will need to be replaced). I don't see why they wouldn't total it.
"if the GW is the same"- What is GW? Gross Weight? I will probably go from a truck to a car.
I haven't paid too close of attention, but I've never heard of transferring plates/registration from 1 vehicle to the next. Haven't been to a dealership in awhile, but I thought I remembered every used vehicle already having a plate. I'll let you know what happens.
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KrashedKar
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| Posted: Fri Jun 04, 2010 9:51 am Post subject: |
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| Quote: | | Check with CA's DMV, but why wouldn't you be transfering your plates to whatever vehicle you replaced this one with, (if it totals)? If indeed all or a portion of that money is lost, I'd certainly bring this to the adjusters attention. |
Doesn't exactly work this way in California. Plates are registered to the vehicle, not the owner, with the exception of "vanity" plates and certain other specialized plates (like press photographer). In California, passenger autos are assessed a flat registration fee and additional license fees based on the value of the vehicle (commercial vehicles are assessed license fees according to the unladen weight of the vehicle). Even if one can take their plates to a new vehicle, the fees paid on the old vehicle are not transferrable. Sale, theft, total loss, doesn't make a bit of difference.
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MaxHerr
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| Posted: Fri Jun 04, 2010 10:17 am Post subject: |
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That darn CALI, I tell ya'  that's why I said check with their DMV..I've probably transferred, oh 20 plates or better from vehicle to vehicle...crazy...well the fact remains if your vehicle is a total loss, and there is like what 11 months left on this registration that you would 'lose' if your vehicle totals then somehow that will be included in loss settlment.
I don't know how CA handles their sales tax all states differ on this, (some pay it out right, some in the form of a sales tax affidavit), that would be included as well.
KBB is never used by an insurance company to determine value, (Actual Cash Value)...or atleast I've never seen in 23 years...check NADA.com, Edmunds.com, the carrier may use a computer outfit like CCC...Most states have an percent rule lowest I've seen is 70 most are 80% (if the cost of repair is 80% of the vehicles ACV it's an automatic total). It can also total if the cost of repair is greater than the ACV minus salvage value.
Four month repair huh? Even with replacing a full frame, that would never take that long anywhere else..A month maybe..maybe even six week...but again, that's likely moot. Your truck sounds like it's gone..
Let us know how this works out (to help others), and if we can help with anything else as well, or you have any other questions we can assist with.
PS..glad you weren't hurt bad...takes a HARD impact to replace an entire frame.
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Lori
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| Posted: Fri Jun 04, 2010 6:34 pm Post subject: |
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Collision shop guy said my insurance company is going to total it. We'll see how much they offer me.
I found a form where I can apply for a registration refund:
dmv.ca.gov/vr/vr_info.htm (its like the 8th question from the bottom)
I'm going to give this a try if my insurance company doesn't reimburse me for the registration fee. I think I might be lucky that the accident was on May 30th and registration expired May 31st.
The reason they quoted 3-4 months on the repair is because they say it takes 6-8 weeks to get the frame. The guy said its because of the automotive recession. The factories used to have frames ready to go but now they don't make them until they're ordered. Not sure if thats true or not but it doesn't matter now.
What settlement price (is that the right term?) should I be looking for from my insurance company? NADA clean trade is $21,600 (Didn't let me adjust for the longer bed option), Edmunds doesn't really let me add all the options (TRD Sport package, towing package), and KBB private party is $22,945. What is a fair settlement price and are there other fees or charges (taxes?) that I should make sure they are accounting for?
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KrashedKar
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| Posted: Fri Jun 04, 2010 6:49 pm Post subject: insurance |
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| Well (..in PA, anyway), when I bought another car (after the Jepp was 'totaled') I didn't transfer the registration, but, I DID transfer the plates. I'm not sure what the laws are in CA. |
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sdchargersfan
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| Posted: Fri Jun 04, 2010 9:40 pm Post subject: |
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You would be entitled to the sales tax on the ACV however, your state handles this...also title fee, and this registration thing, unless CA will reimburse it.
As to the ACV, I'd see what they determine the ACV to be, if it's not close to what you've seen (also just google some trucks like yours for sale in your area to see if you can get a grasp on the local market). Be sure and ask them to send you a copy of how they determined the ACV and go over that with a fine tooth comb, checking the data to make sure it's accurate for your vehicle.
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Lori
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