Understanding Car Title Issues

The video discusses the purchase of a car for three grand and highlights the importance of having a clear title. It explains the legal ramifications of buying a car without a title, such as the risk of it being stolen. The video outlines possible scenarios, including a lost or salvage title, and suggests solutions like contacting the DMV. The speaker is confident in resolving the title issue and emphasizes the importance of the car, referring to it as 'my baby'.

How much was paid for the car discussed in the video?

• Five thousand dollars

• Four thousand dollars

• Three thousand dollars

• Two thousand dollars

Why is it important to have a clear title when buying a car?

• To ensure the car is not stolen

• To avoid paying extra taxes

• To increase the car's resale value

• To get a better insurance rate

What are the two scenarios mentioned for a car without a title?

• It is new or has a duplicate title

• It is stolen or has a salvage title

• It is leased or has a lien

• It is imported or has a custom title

What can be done if the car's title is simply lost?

• Hire a private investigator

• Report the car as stolen

• Visit the DMV for a new title

• Contact the previous owner

What is the speaker's attitude towards resolving the title issue?

• Worried and anxious

• Indifferent and uninterested

• Confident and unconcerned

• Frustrated and angry

How does the speaker refer to the car in terms of personal value?

• As an investment

• As a project

• As their baby

• As a liability

What does the speaker plan to do immediately after the discussion?

• Return the car

• Buy another car

• Sell the car

• Start working on the car