What are the consequences of not transferring ownership after selling a car?
2 Answers
If the ownership is not transferred, the ownership of the car still belongs to the owner listed on the vehicle registration certificate. Moreover, if the buyer commits traffic violations after purchasing the car, these violations will be recorded under the name of the owner on the registration certificate. In more severe cases, if the buyer causes an accident and flees the scene, the owner listed on the registration certificate will be held legally responsible. Below is relevant information: Rules for vehicle ownership transfer: The transfer process can be completed in one day if all required documents are in order. First, complete the transaction and sign a sales contract, then proceed to the traffic police department and tax department to transfer the vehicle registration and purchase tax. Remember to go together with the seller. For transfers involving vehicles from other regions, it is necessary to extract the vehicle's major and minor files, which typically takes about 7 working days to complete. Important notes: Ensure all documents are legitimate. Pay special attention to the embossed numbers, engine numbers, and registration dates on the documents. Besides verifying these details, also check for any signs of alteration. If alterations are found, be cautious as it may indicate a potential car-buying scam.
Last time I helped my cousin sell his old car without transferring the ownership, and now I deeply regret it. The buyer ran a red light, and the ticket was sent directly to my house. What's even more annoying is that the traffic police came to my door recently, saying the car was involved in a hit-and-run, and we had to cooperate with the investigation for half a month. The worst part is that the guy who bought the car has gone missing, and the annual inspection expired three months ago, so I had to go to the DMV to unlock it. The car insurance has expired, and the buyer didn’t renew it. If something serious happens, the insurance company will definitely come after me first. Now I want to buy a new car, but this piece of junk is still under my name, occupying the quota, and it’s been dragging on for almost half a year. It’s driving me crazy every day.
