[W126 Coupe] Japan/Canadian 560 Import
Paul Samarin
pauls at sbcglobal.net
Tue Oct 16 22:46:49 EDT 2007
Sounds like poor legal advice to me, but at least it was free! YMMV.
Paul
On Oct 16, 2007, at 7:28 PM, Mike Ramay wrote:
> Very cool idea! It sounds like a good way to keep the liability away.
>
> Later,
> Mike R.
> From: mbcoupes-bounces at mbcoupes.com [mailto:mbcoupes-
> bounces at mbcoupes.com] On Behalf Of Attila Makranczy
> Sent: Tuesday, October 16, 2007 7:24 PM
> To: Mercedes Coupes Mailing Lists
> Subject: Re: [W126 Coupe] Japan/Canadian 560 Import
>
> The way to avoid losing everything is to put the car in a personal
> trust. BTW, you can do this with any asset (houses go into a
> land trust) and all you will lose is that item, not the ranch. In
> many
> instances, bankruptcy can wipe out a lawsuit for 'assets' as well.
>
>
> Mike Ramay <mramay at att.biz> wrote:
> One MAJOR problem I can see coming up here. You can get easily the
> car into the U.S. and likely get it registered somewhere without
> going through a Registered Importer to get the DOT and EPA
> releases. Here’s your problem – you have a high dollar car with a
> non-U.S. VIN number.
>
> If you get involved in an accident (anybody’s fault) and their
> insurance company is smart enough to call DOT to verify the status
> of your car, you just became the cause of the accident whether you
> caused it or not (would not have been an accident had your illegal
> car not been on the road) and your insurance WILL be canceled
> immediately and retroactively. A friend in the DOT office say’s
> they get several calls a day on exactly this.
>
> Feel like betting your future and any/all assets you own?
>
> Later,
> Mike R.
Paul Samarin
pauls at sbcglobal.net
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