No. When you sell your car, all you need to do is sign off on the ownership certificate, and in some states sign a bill of sale. It is the buyer's responsibility to transfer title into their own name. Make sure you submit a notice of transfer immediately to the DMV - You don't want to get stuck with any tickets/penalties/infractions that the buyer may incur. If the buyer insists on having the transfer done, then make sure you get all the money up front and have him accompany you to the DMV to change the title into his.her name.
2006-06-05 12:20:51
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answer #1
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answered by Betty&James 4
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If you're buying a car, there's a good chance you have also just sold or traded another car. If you have, you are required by law to submit a Seller's Report of Sale WITHIN 5 DAYS at your local vehicle licensing office or on line. Properly completing and filing this form within 5 days may prevent you from being held liable for the vehicle should the new buyer fail to register the vehicle in their name.
2006-06-05 12:13:22
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answer #2
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answered by Smiddy 5
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If you are asking if you need to title a vehicle that you purchased in your name, prior to reselling it, the answer is yes you do.
If you are caught selling a vehicle on an open title, at least in MD, you can be criminally charged. If you want to buy and sell cars, get a dealership license and do it legally.
2006-06-05 12:48:13
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answer #3
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answered by fire4511 7
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This question makes absolutely no sense.
2006-06-05 12:29:36
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answer #4
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answered by TPG 2
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i have bought cars and fixed them up and resold without tranferring them into my name.
2006-06-05 12:16:50
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answer #5
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answered by Anonymous
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