[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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