turning in plates?????

Question

ok I sold my car like a month ago. I let the guy use the plates anyway now I have them back. What do I do first??? Do I turn in the plates then drop the insurance?? Also i just paid my premium if I'm goin to drop it will I be reimbursed the money or no? Thanks for your help

Answer 1

You should have dropped the vehicle as soon as you sold it, regardless of the plate situation (which you should not have done, but fortunately for you they came back). Technically, when the vehicle was sold it ceased to be a covered auto on your policy because you were no longer the owner. So take it off now, and you'll hopefully get a refund depending on where you were in your policy period.

Send the tags back to the DMV in the meantime.

Answer 2

Turn in the plates first and then cancel the insurance. If you do it the other way around you can be fined $5.00 a day for operating a vehicle without insurance, even though you haven't been operating it. When you cancel the insurance then the insurance company will reimburse you the pro-rated amount. When you turn in the plates let the DMV know that you sold the car, that way they can put in there that you are not the owner just in case the buyer takes a month or two to register the vehicle in his name.

Answer 3

You should never let someone else drive on your plates. You could be held responsible if that guy had an accident while using your plates, especially if the title was still in your name. You could receive parking tickets if the guy parked the car illegally with your plates. You could be held responsible if a crime was committed while using those plates. Those plates come back to you and everything that happens with those plates is your responsibility. Never do that again. Not to mention, had you turned in the plates a month ago, you wouldn't have had to pay insurance on that car for the last month. Anyway, turn in your plates get a receipt, and call the insurance to drop the car. Any credit due you will be applied to your balance if you have one. If you are paid in full, you will get a refund.

Answer 4

I don't get why you didn't just hand over a bill of sale, get him to sign the right place on your pink slip, then drop all signs of ownership immediately. Why would you insure a vehicle you no longer own AND let someone else drive it? Have you any idea what could have happened had he had an accident?

Worst case scenario - he has an accident, you get sued because you've been dumb enough to retain an ownership interest. Your insurance company finds out that you really sold the car to the other person, so...since that person isn't a listed driver on your policy, you are uninsured.

In other words, had that person had an accident, it would have been uninsured (unless he had coverage) because if you'd lied and said you just loant him the car, you would have been committing insurance fraud, which both voids the policy AND could have landed you in jail.

That said, just cancel the insurance and do whatever the state wants you to do with the plates. Call the state.

Answer 5

That was not a smart idea, letting him use those plates...You were lucky he didn't commit a felony, or get stopped by the police for some reason...All you need to do is call and cancel the plates...They don't take them back...And you should have dropped the insurance the day you sold your car...The insurance company, if reputable, will reimburse you for your monies...

Answer 6

Call your insurance and cancel. Tell them you sold the car. They will give you a refund. As far as the plates go, you didn't say what state or country you are in. Some want the plates back, some don't. Call and ask.