News:

Please keep the forum spam free. No advertisement posts in the forums.

Main Menu

Is it safe to sell your car if the buyer doesn't want to transfer the ownership

Started by konichiwa, December 17, 2020, 02:10:39 AM

Previous topic - Next topic

konichiwa

Hi, I would like to ask your expert opinion.  I plan to sell my car.  But a buyer told me that he wants an open deed of sale and he will not transfer the ownership to his name yet.  Is this safe?  What are my assurance that I will not be held liable if something happens to the car or if someone uses the car doing something illegal?

Will a separate notarized deed of sale with my name and the buyer's name in it save me from all of this trouble? 

Any advice will be greatly appreciated.

Brent

No. It is not safe. The practice is technically not allowed, but nobody is apprehending. This falls under improperly registered motor vehicle. You really no assurance, better sell it to someone else who will transfer to their name.

papa_boss

Quote from: Brent on January 05, 2021, 09:44:03 AMNo. It is not safe. The practice is technically not allowed, but nobody is apprehending. This falls under improperly registered motor vehicle. You really no assurance, better sell it to someone else who will transfer to their name.

Agreed. Deliks iyan, sir, plus it is against the law. No guarantees or safeguards iyan for you if something untoward happens involving your old car.

evdude83


kdf3

It's not safe as everyone knows

If in case of buyers wrong intent and put you on the struggle! 

bonduell

QuoteNo. It is not safe. The practice is technically not allowed, but nobody is apprehending. This falls under improperly registered motor vehicle. You really no assurance, better sell it to someone else who will transfer to their name.
Thank you very much for the information. Useful.

Subscribe to our channel
subscribe to our youtube channel