Insurance, Tax and Title Registration
While this information is primarily for first time buyers, those of you who have already experienced the process of setting up insurance, title and licensing on a truck are welcome to read on if you'd like a bit of a refresher. If you currently own a truck, you probably already have insurance (liability and physical damage), pro-rate numbers, IFTA and 2290s paid (authority), and know where you will be titling and licensing the truck.
While most of these chores will be molded by the transportation company you will be leased on with, I would suggest taking this information and bouncing it off your recruiter. Those who are going to be using brokers and running on your own authority will be more on their own. At this point I highly recommend getting in touch with a “title and licensing” agent in your local community to help guide you through the process of getting your truck legally on the road. Believe me, it is not much money and it is very worth it for your time spent purchasing a truck.
When you purchase a truck there are 2 main roads you will go down in order to have all the necessary binders and documents before you can drive off of a dealership's lot:
Purchasing in the State of Your Residence
When you are an in state resident of UsedTruck City (Located in West Valley, Utah) you will always need insurance (liability and physical damage) for your own safety. But if you are financing at the dealership, you will need completed insurance binders in order to leave the dealership with your purchase. This will be the case for both in-state and out-of-state purchases. Our finance staff will gladly work with you and your company on the particulars needed to obtain these binders. Usually your company or the Title and Licensing Agent will provide their insurance companies for you.
As a dealer we will not be able to provide a temporary permit of any kind if you will be prorating your truck (this means that your product you will haul will be going out of state, 48 or otherwise. If you are local and will not be prorating, you will need to provide our title officer with an emission and state inspection report. You can obtain this from any authorized service shop. This will allow us to give you a temporary permit and process your licensing and title work for you. When the plates have been delivered to us, we will call you to arrange delivery of the plates to you. It will normally take close to the full 30 days of your permit so don’t panic in the first 22 days. Note on licensing fees: the fee will depend on the weight registered for the equipment. Remember if you are not prorating nor do not have a tax exempt number, you will also be paying your local sales tax (if any).
Only if you are financing with us will we as the dealer need proof of insurance. However, we urge you to have this set up before you come to pick up your truck for best use of your time and the safety of you and your equipment. We will provide you with a copy of the title before you leave, and will ask you how it will need to be signed over. We will also need to know the address and contact of your local DMV or your Licensing Agent if you are financing as the finance company is the major owner of the truck's title until you pay in full. As a result, we will only be able to send it where the bank deems it to go. Usually the title will find its way to where it needs to go within 10 days. It can be sooner, but plan for ten days so you are pleasantly surprised it actually gets there in five. You will not need a state inspection or emissions certificate in order for us to provide you with a 30 day transport permit. That permit is $30.00 at Used Truck City. When you leave the stat, please note the state permit is for “bobtailing” the truck only! You cannot haul a load with it. If you are coming to purchase the equipment and have a load scheduled for that truck locally, I strongly suggest you have all your placards and legal documentation to haul anywhere you are planning to go with your new purchase. The $30.00 temporary permit is only good for the state it was purchased in. With that permit, a copy of the buyers contracts, and proof of insurance you can show each state before you cross that you are going from point A to point B and you will pay their small fee for their permit. This varies from state to state, and I suggest you call your mapped ports to forecast the cost to get it home. It is also important to remember that all states including Utah have dissimilar policies and procedures which are subject to change.
Please give us a call (Toll Free) at 1-888-724-4163 for any questions you might have on insuring your used truck.