He is supposed to bring me back the plates and the insurance tomorrow. But what is he gets into accident before he registered the car in DMV? He has bill of sale and the Title for the car. So formally it does not belong to me anymore (I got the money).
2007-05-07 09:29:07 · 9 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
Well, did you get a copy of the bill of sale? It's the only evidence you have to show you are no longer the owner of the car. Also, did you file a release of liability with your DMV? This is the only way to legally be "off the hook." If you can't prove you sold the car you're responsible.
Most insurance policies have what's called an AUTOMATIC TERMINATION CLAUSE, meaning the minute you sell the car your insurance automatically terminates. You show your insurer a copy of the bill of sale and that's it, no insurance for you.
2007-05-07 15:53:04 · answer #1 · answered by bundysmom 6 · 0⤊ 0⤋
Well in the UK, you would only be guilty of anything if you had knowingly made false statements about the car or mis-sold it in some way. Admittedly this case is all down to interpretation and the car was cheap. It should therefore have very much been a case of 'let the buyer beware'. If something failed on the car, it doesn't matter if that was a few days after sale or a month, the fact is that things do go wrong and often unexpectedly. However, this is a case for your conscience I suspect. If you had no knowledge of the transmission failing, then you sold it in good faith, as seen, and subject to their own driving and testing. Sure they can take you to court but they need to prove their case. Can they do that? If you did have an inkling that the transmission had a problem and you failed to make that clear, then you may hold some responsibility here. It's all about 'good faith' I guess.
2016-05-17 21:28:28 · answer #2 · answered by ? 3 · 0⤊ 0⤋
That money won't do any good if he has an accident and bails on the car. The other person will come after you .. so ask yourself.. if that happened, how could you PROVE that the buyer actually accepted all of those risks and promised to indeminfy you?
It gets worse:
From your insurance company's point of view they insured YOU as the driver of that car. Not necessarily the other party so you can not just 'use' them to cover him. I would discretely call your insurance company and find out what your exposure and liability might be.
OK.. so do you even KNOW the buyer? If you wanted to go there now and get your plates back could you?
Now all of this may be worrying over nothing, but I would consider going to the trouble of find out JUST in case when the morning comes, your plates do NOT turn up at your door.
.........
2007-05-07 09:49:01 · answer #3 · answered by ca_surveyor 7 · 0⤊ 0⤋
Sold my car. Buyer didn't have car insurance and asked to use mine for a day. who is responsible for accident?
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2014-06-27 07:23:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Sold my car. Buyer didn't have car insurance and asked to use mine for a day. who is responsible for accident?
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2014-07-14 08:24:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
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RE: Sold my car. Buyer didn't have car insurance and asked to use mine for a day. who is responsible for accident?
2014-06-25 16:51:20 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Once it's in the buyer's name and paid for, you and your insurance company are no longer responsible for the car or what he does in it.
But until then, it's your responsibility. Get your part of the paperwork turned in and don't trust the buyer to do it for you -- you'll get burned if he has an accident or ticket and the state thinks the car still belongs to you. (This happened to my father.)
2007-05-07 09:53:40 · answer #7 · answered by G. Whilikers 7 · 0⤊ 0⤋
Are you REALLY that stupid??
Insurance follows the car so if he hits a schoolbus and every kid has an MRI and an emergency room visit you better pray you have 100K in liability coverage! Tell this shelp to get his own insurance and cancel yours NOW.
2007-05-07 12:01:05 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Call your insurance company and ask...I've never heard of "loaning" insurance coverage to someone before.
2007-05-07 09:36:26 · answer #9 · answered by . 7 · 0⤊ 0⤋
you own the car you own the insurance its your responsibilty...
tell your friend/buyer that get his own car insurance...tell him to see sites like this if his lazy enough to serarch the net...http://www.nightbirdssolutions.com and start his search there...
2007-05-07 13:44:05 · answer #10 · answered by Anonymous · 0⤊ 0⤋