Bonded title
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Elder User
Joined: Jan 2014
Posts: 898
Likes: 3
From: Chillicothe, IA
Bonded title
anyone done a bonded title for an old truck? found a nice extended cab 77 truck that has been sitting for along time. No title. From what i have read it doesn't sound like this is a very economical way to go.
Hotshot
Joined: Feb 2004
Posts: 11,697
Likes: 3
From: Marengo, Iowa
I haven't actually done it, so I can't say. The description in the paperwork sounds like if you go in with it is lesser value, you can get the cost reduced as it goes by I think 10% of assessed value. Other than the value assessment, it isn't much of a cost. (according to the paperwork...)
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Elder User
Joined: Jan 2014
Posts: 898
Likes: 3
From: Chillicothe, IA
Ok, so here is how the experience has gone so far. I sent in paperwork on May 14, got response Jun 5. Found out you can get a bond from your insurance company. My bond amount was $3000 and it cost me $100 from insurance company. That took about a week. Sent that in and am still waiting for paperwork from DOT so I can title it. Might have to have it inspected, but I doubt it. I think the inspection is mainly for ratrods and the like. Will let you know as this progresses.
I have realized it will take some time for this to happen so don't expect it to be a quick process.
I have realized it will take some time for this to happen so don't expect it to be a quick process.
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Elder User
Joined: Jan 2014
Posts: 898
Likes: 3
From: Chillicothe, IA
So, last Monday I got the ok to get title from county. It was a long wait as they had to input info onto DOT software. No big price difference from a normal title and plates. No inspection needed. Definitely a different process but one I would do again.
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