Is it acceptable to sign an agreement without transferring the car title?
1 Answers
Not transferring the title is possible with notarization. However, it's best to complete the title transfer procedure to avoid future troubles. Below are relevant provisions: 1. Article 50: If parties have transferred a motor vehicle through sale or other means and delivered it without completing ownership transfer registration, in case of a traffic accident caused by the vehicle, the insurance company shall compensate within the compulsory insurance liability limit. Any insufficient amount shall be borne by the transferee. 2. Article 4: For a motor vehicle that has been transferred multiple times without registration transfer and causes damage in a traffic accident attributable to the vehicle, if the involved parties request that the last transferee who received the vehicle bear compensation liability, the people's court shall support such claim.