Is it necessary to transfer the insurance when selling a motorcycle?
1 Answers
It is necessary to transfer the insurance when selling a motorcycle. Reasons for the transfer: The "Tort Liability Law" stipulates that if a vehicle is actually delivered through sale or other means without transferring ownership, and a traffic accident occurs, the party responsible for the accident involving the vehicle shall be the actual transferee of the vehicle. Precautions for selling a motorcycle: Choose an appropriate second-hand trading market. With the increase in the number of motorcycles, the second-hand motorcycle market has been targeted, and second-hand motorcycle dealerships have emerged accordingly. In cities where motorcycle riding is allowed, there are usually a large number of second-hand motorcycle dealerships. Purchasing a second-hand motorcycle from these dealerships provides relatively more security, as they can provide vehicle invoices, assist with vehicle registration and transfer, and offer post-sale maintenance. The only drawback is that the price of the vehicle may be relatively higher. If the price seems too high, you can also choose second-hand trading platforms or local motorcycle exchange groups, where second-hand motorcycles are often available for sale.