Tractor Ownership Documentation
- Thread starter Believer
- Start date
- Views: 32264
RickB
Super Star Member
- Joined
- Sep 18, 2000
- Messages
- 15,143
- Location
- Up the road from Dollar General WNC
- Tractor
- Just a Scag
In most states, a bill of sale which should include the serial number.
MessickFarmEqu
Super Member
the big problem is proving that the bank does not own it.
Hematite
Gold Member
Yes, that is very correct! Before buying in a private sale, for sure, there is a way to search to see if there are any liens or loans on the tractor. If the seller tells you who the selling dealer was, you can check with them.
A bill of sale is pretty much useless IMHO , Other then Documenting You either bought it or sold it from or to someone & a way to trace ownership in case of a problem. But not allways are the correct names or contacts correct .
When Buying check the serial # plate to make sure it hasn,t been ground off or tampered with . thats the first sign its been stolen at one time . If you go to sell it & its proven to be stolen , Even if you didn,t know it. You will be out the equipment & the money. I know this from experience.
. Bob
NSBound
Platinum Member
This is likely going to be different from state to state and province to province. Up here, we get a title and registration document, just like automobiles and trucks. The original owner gets it from the dealer, then on selling it as a used unit privately, the owner signs over the registration and title document to the new owner, who then takes it to the Province to get it transferred into their name. Makes it easy to document.
mattman
Gold Member
Possesion is 9/10's of the law.
If you are not buying used from a dealer. I would get a bill of sale with a wording of the fact that there is not any leins against the tractor and have it notorizied.
If you are not buying used from a dealer. I would get a bill of sale with a wording of the fact that there is not any leins against the tractor and have it notorizied.
dodge man
Super Star Member
In Illinois there is really no title system for tractors that I know of. I could have borrowed money to buy my tractor and the dealer would have no way of knowing, as long as my checked cleared. In other words, I'd say in Illlinois, there really is no way of knowing if there is a lein on the tractor or that it is stolen, other than asking the current owner.
