What are the consequences of not transferring vehicle ownership?
1 Answers
In the event of an accident, the original owner will also bear joint liability. Below are the detailed explanations of the relevant content: Introduction: For the seller, if the ownership is not transferred, the original owner will still be jointly liable for any accidents involving the vehicle in the future. If there are outstanding traffic violations, the original owner will continue to receive notifications. For the buyer, without transferring the ownership, the vehicle is not legally theirs, making it impossible to claim insurance, and any future disputes could be troublesome. Required documents for transfer: The necessary documents include the original owner's ID card, vehicle registration certificate, purchase tax certificate, proof of payment for vehicle and vessel tax, motor vehicle registration certificate, vehicle inspection report from the criminal investigation department, insurance policy, and the buyer's ID card. Additionally, both parties must sign a used car sales contract. With all the aforementioned documents, proceed to the used car transfer office to complete the transfer procedures.