if iam the owner of a vehicle and i want to give the vehicle to a relative.and i sign off on the title, then my self and my relative sign a paper stateing i gave him the vehicle and that hes is financially respondsible in case of any accidents, now if this relative gets in a accident he is respondsible RIGHT!!!!! ALSO IF THIS RELATIVE FAILS TO GET THE TITLE AND REGISTRATION CHANGED CAN I TAKE AWAY THE VEHICLE FROM HIM, FOR NOT PROPERLY CHANGE ING THE PAPER WORK., EVEN THOUGH THERE WAS NO MONEY EXCHANGED FOR THE VEHICLE.
2006-12-27 12:31:52 · 6 answers · asked by ponchohansen 1 in Cars & Transportation ➔ Insurance & Registration
if he doesnt change reg and title then the car is still yours and you also need to make sure he insures it as well or you could be on the hook.it sounds like you dont trust him,go with your instincts
2006-12-27 12:37:43 · answer #1 · answered by doug b 6 · 0⤊ 0⤋
Every state is doing things differently!! In some places u pay tax on a car every yr. others you pay tax when u buy it. In some places you must be the register. & the insured. In all states u must have insurance to drive on the roads. If u sign the vehicle over to him for free I would get a notorized contract for your own records. cya How can you take back something that isn't yours??In any case it seems the insurance will cover any accidents you cannot drive anywhere without insurance. I have recently learned that more & more ins. companys want 6 mos money pd all at once no more quarterly or monthly payments.6 or 12 mos at a time.
2006-12-30 16:37:47 · answer #2 · answered by Dotr 5 · 0⤊ 0⤋
In California the title has a Release of Liability attached to it. First, you (as the owner) should sign it and mail it in. Second, you can goto the California DMV's website and submit a Release of Liability there....and print out the page for your records. From that point on you are no longer responsible for the vehicle.
2006-12-27 12:59:12 · answer #3 · answered by michaelsantus@sbcglobal.net 1 · 0⤊ 0⤋
Your best bet is to sell it to them for $1.00. Write out a reciept that so-and-so bought ( fill in the yr and make of vehicle) from ( put your name here) on ( the date) for ( $1.00) then both of you should sign it. Have it notarized, sign off the title. This removes you from any liability, in the case that they dont insure it, and would have an accident.
2006-12-27 12:44:17 · answer #4 · answered by mardigras_00 5 · 0⤊ 0⤋
assuming the vehicle is free and clear from all liens. you can fill out a family affidavid ($20 in Oklahoma) this would release you from all liabilities. You must have your name removed from the title. You should then mail a letter to the DMV saying you no longer have an intrest in this vehicle. but NO you cannot take the vehicle back later.
2006-12-27 12:37:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Sell the vehicle to him for $1.00. If the title has no lien on it, sign your name on the seller line, and he signs on the buyer line. Then go take your plate off. At that point your relative is responsible for the vehicle. If he drives it with no plate (registration) or no insurance it's his problem. Make two receipts out for the sale and both sign them. One copy for you and one for him.
2006-12-27 12:42:58 · answer #6 · answered by kjlh58 3 · 0⤊ 0⤋