OH Vehicle Law Change
OH Vehicle Law Change
The State of Ohio Legislature is finalizing some changes to the laws concerning junk cars, scrap cars and salvage vehicles. How does this impact the cars for cash industry? Does this mean anyone can pay fast cash for cars? Will this affect the price for a junk car? Michael Cooper with the Dayton Daily News reports the following: “Proponents of changing who can buy & sell scrapped cars say removing restrictions could lead to lower auto insurance rates for Ohioans, but salvage yard operators say that could cost thousands of jobs in the industry. House Bill 468, sponsored by Rep. McGregor and Rep. Hackett, would change laws regarding the resale of wrecked vehicles by expanding the types of licenses under which an individual can sell salvage motor vehicles. Currently, Ohio requires an ID card to purchase one of the more than 100,000 cars each year that are deemed a total loss by insurance companies after crashes or other damage. Licensed dealers in Ohio and 21 other states can apply for the ID cards. More than 1,900 valid buyer ID cards have been issued. The state has more than 600 valid salvage dealers, according to the BMV. In other states, insurance companies sell the vehicles to anyone via online auctions with few regulations. The legislation would allow anyone with a salvage motor vehicle auction license or salvage motor vehicle pool license to sell salvage vehicles to authorized purchasers. Also, a person wouldn’t need to obtain a buyer’s ID card from the Registrar of Motor Vehicles before buying a salvage vehicle. The insurance industry doesn’t believe it goes far enough; while salvage dealers don’t want anything to change. The OH Auto & Truck Recyclers Association is opposed to the bill, because there are no restrictions on who can purchase salvage vehicles. People buying cars at auction without ID cards could lead to people buying cars and selling items out of their homes without a license, said Gene Wyen, VP of Walt’s Auto.” The complete article can be seen here: http://www.daytondailynews.com/ Is this really a big deal to the cars for cash industry? The answer is No. If anything, it loosens unnecessary red tape and will overall likely reduce the price for a junk car. The fast cash for cars industry is obviously not going to support any changes that impact their cars for cash business. Why does someone need to have a buyer ID card to make a junk car quote or bid? My only hope is that the legislature is spending too much time or energy on this “cars for cash” related bill, as there a far more important issues for Ohio’s leadership to address.“Under continuing law a person is allowed to make a limited number of “casual sales” without violating the license requirement. Current law prohibits a person from making more than five casual sales of salvage motor vehicles in a 12-month period or providing a location or space for the sale at retail of salvage motor vehicles, without obtaining a motor vehicle salvage dealer’s license. A “casual sale” is the transfer of a salvage motor vehicle to a consumer by a person other than a person licensed to sell the vehicle. The bill revises this prohibition to be within a calendar year, rather than a rolling 12-month period.” Reflecting on this, is our state actually enforcing this law anyhow? I doubt that this is being tracked very closely, since it is just not a serious issue to begin with. Cleveland Scrap Cars is a buyer of cars for cash throughout Cuyahoga County. We offer you a quick junk car quote and fast cash for cars 7 days a week. Looking for a price for a junk car in Pepper Pike, Shaker Heights, Chesterland or Moreland Hills? You can receive fast cash for cars in Cuyahoga Heights, Highland Heights, Richmond Heights and Streetsboro by calling CSC at (216) 282-JUNK. For a junk car quote in University Heights, North Randall, Macedonia or Lyndhurst, simply pick up the phone to get a price for a junk car. Those with a scrap vehicle in Euclid, Garfield Heights, Eastlake, and Parma Heights are encouraged to visit https://www.clevelandscrapcars.com for a junk car quote, which includes free towing plus cash for your old car, truck or van. The requirements, in accordance with Ohio law, are that you provide the vehicle title and a photo ID.