Tool Box titles????

[mrholeshot]

As the price of toolboxes just continue to skyrocket and some box peices costing upward of 20,000 dollars what would you think of a title or certificate of origin on tool boxes with an MSRP of 1000+. I for one would feel more secure and it seems it would be easier to insure know the year, make, model and serial#.

Your thoughts?

 

[Theloniousmonk]

sounds like a good idea... and the $50 title transfer/registration fee to the state sounds good too...

 

[383 240z]

My double bay Matco has a serial number. Keith

 

[Hiball]

sounds like a good idea... and the $50 title transfer/registration fee to the state sounds good too...

Dont forget about the Annual inpection Charge...

 

[Theloniousmonk]

Dont forget about the Annual inpection Charge...

Oh yea... better make sure the lock and detents are working properly.

 

[lpigg]

Isn't that is what a receipt is for? A vehicle title is only as good as the agency that tracks them. Your not saying that these boxes should be regestiered with a government body are you?

 

[NJHandyGuy]

This seems like an idea that could backfire very very quickly. like most paper trailed items getting one is a royal ***** and many a company has made alot of morons lossing them. i honestly could not see going to a dmv for my toolbox and by 3rd owner it would be worthless again.

 

[Theloniousmonk]

Isn't that is what a receipt is for? A vehicle title is only as good as the agency that tracks them. Your not saying that these boxes should be regestiered with a government body are you?

I don't care if Mrholeshot is or not; I certainly am... He has a good point on the cost of these rigs... an actual state certified title may open up financing/lending from institutions in a way it hasn't before.

 

[84bimmer]

As the price of toolboxes just continue to skyrocket and some box peices costing upward of 20,000 dollars what would you think of a title or certificate of origin on tool boxes with an MSRP of 1000+. I for one would feel more secure and it seems it would be easier to insure know the year, make, model and serial#.

Your thoughts?

Hey I think I found one.

 

[cheap bastard]

If it isn't using the civil transport system, there is no reason whatsoever to allow government to get involved in the ownership of anything else. Look at the mess they have created to apply luxury taxing to old vehicles.

 

[Hiball]

Almost forgot... Lets not forget about Annual Personal Property Taxes that some states have to pay.

Woot..

 

[84bimmer]

No, I hear what your saying. But 20 gs in tool box. Give me a break! I've seen em'. They are amazing. But really, why? My first house cost 20 grand. It has a title. I think anything that cost that much should have some sort of legal document that expresses ownership.

 

[NJHandyGuy]

no it wouldn't monk look at commercial business financing it made it harder becuase iot became harder to assign collateral value with the paper work over it

if your s/o 20k box got repoed and you owed 14 that title allows liens to bew put on it before it free up the ability to be retitled making it impossible to take the lien off

titles and additional paperwork are a joke look at what it did to utility trailer financing completely screwwed it up

 

[mrholeshot]

I just think a title establishes ownership. I have titles on my ATV and Utility trailers. Because my state requires no title or tags for utility trailers it is really simple to end up buying a stolen trailer. As someone who owns a small fleet of trailers I have to go to great pains to secure them. If you buy a tool box and it's stolen and you report it and it's already in a data base as being stolen you would lose all the way around.

 

[NJHandyGuy]

Okay on that note if i buy a cell phone and it's stolen same concept

The purpose of a title has nothing to do with ownership it's for establishing a lien on a peice of collateral/merchandise. that why houses and cars have them to follow lien and debtors.

 

[Hiball]

I just think a title establishes ownership. I have titles on my ATV and Utility trailers. Because my state requires no title or tags for utility trailers it is really simple to end up buying a stolen trailer. As someone who owns a small fleet of trailers I have to go to great pains to secure them. If you buy a tool box and it's stolen and you report it and it's already in a data base as being stolen you would lose all the way around.

I think the Best Answer is to Protect yourself, Make sure that you check to make sure there isnt any liens on Toolbox purchases, Ask if they have Original proof of purchase and if it really bothers you contact the Local PD concerning Stolen goods. I know my Pawn shop has access to some sort of State program which lists Names and Merchandise and sometimes people come in there to sell and he "Cant" Buy from them. (Did you check on your most Recent Aquistion ), Demand a Bill of Sale showing "Paid in Full" for a Major purchases. I understand during the Heat fo the Battle you dont have time to jump thru all these hoops but if it bothers you this much maybe you should take the time to evaluate the sitsuation.

 

[NY Old Guy]

I think if you have a receipt and you include it in your homeowners insurance you'd be insured against theft or damage due to fire etc. In other words your bill of sale is your title. These tool boxes sound pretty heavy though so not so easy to steal.

 

[mrholeshot]

Okay on that note if i buy a cell phone and it's stolen same concept

The purpose of a title has nothing to do with ownership it's for establishing a lien on a peice of collateral/merchandise. that why houses and cars have them to follow lien and debtors.

Cell phones are cheap.

None of my vehicles have leins but the title shows I own them. It keeps Joe Blow from showing up at my door claiming that I'm driving his vehicle.

 

[jmh21586]

sounds like a good idea... and the $50 title transfer/registration fee to the state sounds good too...

Is there anything involving the government that you don't like?

 

[mrholeshot]

I think the Best Answer is to Protect yourself, Make sure that you check to make sure there isnt any liens on Toolbox purchases, Ask if they have Original proof of purchase and if it really bothers you contact the Local PD concerning Stolen goods. I know my Pawn shop has access to some sort of State program which lists Names and Merchandise and sometimes people come in there to sell and he "Cant" Buy from them. (Did you check on your most Recent Aquistion ), Demand a Bill of Sale showing "Paid in Full" for a Major purchases. I understand during the Heat fo the Battle you dont have time to jump thru all these hoops but if it bothers you this much maybe you should take the time to evaluate the sitsuation.

Yes, the best answer is to protect yourself. I did get a bill of sale on my recent toolbox purchace with the serial # and stating it was free of leins or judgements. I think I would have felt better had it had a COO or title.

 

[jmh21586]

Why isn't a serial number enough?

 

[stricht8]

So should diamond rings have titles?

 

[jmh21586]

So should diamond rings have titles?

Maybe wives should too.

 

[mrholeshot]

So should diamond rings have titles?

My wifes does (well sort of) it has a serial number and the apraisal sheet that describes the diamond at length. It has a certificate from the apraiser with all the information. I had to have it in order to schedule it on my homeowners

 

[Theloniousmonk]

So should diamond rings have titles?

Maybe wives should too.

They are both property... and with new nano-technology, one could lo-jack the ring to keep track of both of 'em.

So should diamond rings have titles?

Real Answer: They do, in effect - especially w/ pricier or "special" pieces... ours certificates of ownership have all been notarized and attached to the appraisals/grading/etc... - both rings are family heirlooms.

 

[NJHandyGuy]

titles for toolboxes would be pointess imo

 

[Thumper]

Maybe wives should too.

..My first one did........"Queen *****"......

 

[trackwelder]

I say hell no to any additional titles. The government gets enough of my money already.

 

[GeorgiaHybrid]

If you guys haven't figured things out yet, the "titles" you have to ATV's, boats, campers, trailers, cars, trucks and property has nothing to do with who "own's" them, who has a lein on them or to be able to sell them. The only purpose for a title is that it allows a government agency to know where it is and to be able to TAX the item.

That's it, Taxes, nothing more and nothing less.

It's kind of like the answer to what a man is thinking..."I want something to drink and I want to see something naked" That is all they have on their mind, tax money.

 

[Lookin4'67Galaxieconv]

I just think a title establishes ownership..

Possession establishes ownership like nothing else.

If you buy a tool box and it's stolen and you report it and it's already in a data base as being stolen you would lose all the way around.

You find out if the box is stolen or has money owed on it before you buy it, not after.

 

[Stephenw]

There are all sorts of high dollar items that do not have a title (a Rolex watch for example). A toolbox title is a bad idea. Titles are simply revenue engines for the state.

 

[Hiball]

There are all sorts of high dollar items that do not have a title (a Rolex watch for example). A toolbox title is a bad idea. Titles are simply revenue engines for the state.

Oh no you didn't...

 

[RbrtAWhyt]

I just think a title establishes ownership.

I think it sitting in my garage establishes ownership...

 

[Charles (in GA)]

Even multi-million dollar jet airliners DO NOT have titles............. (no airplane does) This would be a disaster.

Charles

 

[Pro-Painter]

There are all sorts of high dollar items that do not have a title (a Rolex watch for example). A toolbox title is a bad idea. Titles are simply revenue engines for the state.

Rolex's do come with a certificate of ownership and the serial number is recorded by rolex and traced very carefully by them as well. To legally sell a rolex you got to sign over the certificate of ownership, like you would a car title.
But most discard it, since it is only really a warranty issue.


I think bringing the government in anything is a bad idea. No title's are needed for personal property. But I do believe the company's that sell the much higher end tool boxes should offer a website or a hotline to report and check serial numbers. That way you can check before you buy, and have somewhere to report to if one does go stolen.


On a side note: I own my house and I never got a title, deed or anything like what I expected. My "title" is a 20+ page copy of the paperwork from closing.

 

[Charles (in GA)]

On a side note: I own my house and I never got a title, deed or anything like what I expected. My "title" is a 20+ page copy of the paperwork from closing.

You NEED to make sure that the warranty deed and deeds to secure debt (assuming its still financed) or the release of the deed to secure debt (if you paid it off) are properly filed with the court clerks office or whoever handles deeds in SC. It could become a disaster later on if it was not and you went to sell, take out a loan to make an addition, etc.

I wait about 30 days, if it doesn't show I start calling, every week till it does show up.

Charles

 

[Stephenw]

Rolex's do come with a certificate of ownership and the serial number is recorded by rolex and traced very carefully by them as well. To legally sell a rolex you got to sign over the certificate of ownership, like you would a car title.
But most discard it, since it is only really a warranty issue.

Certificate of Authenticity or Certificate of Ownership?

Show me a reference to back that up.

 

[RbrtAWhyt]

To legally sell a rolex you got to sign over the certificate of ownership, like you would a car title.

BS. Show me a link to a federal, state, or local ordinance law regarding the sale or transfer of ownership of Rolex watches...

 

[Damian]

Plain and simple. Anybody who pays $15,000-20,000 for an f'ing tool storage box needs to have their head checked anyway. Tools IN the box are one thing, I've probably got $40K in tools. But the box itself? GTFO.

No thank you. I'll buy a car or put a down payment on a new house before I EVER spend that much on a tool box.

 

[johnnybentwrench]

great idea, Let's pay a title fee, taxes ++++