Ok, I swear this is a true story but it is kinda hard to believe.
I had a 1984 S-10 Tahoe, 2wd LWB, Red with the white stripe and high back bucket seats with a black steel rear bumper, not a common combination. I purchased the truck in Owensboro, KY and it was registered in Owensboro at my parents house eventhough I lived in Louisville, KY. I traded it in on my black 91 Z28 at a small 'dealership'. About a year and a half after I trade in the truck my mother gets a call from a local police station, apparently my old truck was never taken out of my name! The police said 2 hispanic men rear ended another car at a stop light and got out and ran from the scene on foot. The police wanted my insurance information to give to the other driver since the truck was still registered IN MY NAME! My mother calls me asking if I traded the truck in to which I say of course. I get the Officers number and call them. Then I call the 'dealership' who immediately cops attitude with me saying the truck was stolen off the lot just a few days after I traded it in. I ask if they filed a police report, "No we didn't think about it." I ripped into the guy saying if someone stole something worth over a $1000 from them they would surely report it to the police and their insurance, to which the guy responds we don't insure any of the vehicles on the lot! Now I know the guy was a crook. It tured out that the guy didn't even own the lot! A lady hired him to run the lot when her husband died. He didn't register any of the cars he sold! He just gave people the title which had the previous owners information, I knew this because when he sold me my Camaro the Camaro was his nephew's who worked at the lot and it didn't have the lots name on the title and there was no paperwork.
Cliff's Notes: Basically traded a truck in on a car and over a year later the truck was involved in an accident and police came after me because the 'lot' never registered the vehicle and when it was stolen it was never reported. Learned to take the title of my car to the county clerks office every time I sell one. Take no chances!