What Are the Hazards of Not Transferring Vehicle Ownership?
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Not transferring vehicle ownership poses hazards to both the seller and the buyer. Below is a detailed introduction to these two types of hazards: Hazards to the Seller: If the vehicle is involved in an accident, the original owner will also bear corresponding legal liabilities or joint liabilities. When there are unresolved traffic violations, the original owner will still receive violation notifications, and in some areas, the original owner is required to handle the violations. Hazards to the Buyer: If the vehicle ownership is not transferred, legally the car does not belong to the buyer. If the vehicle is stolen, it will be difficult to recover. In the event of a traffic accident or being inspected by traffic police, the vehicle will be identified as having no legal owner, leading not only to confiscation of the vehicle but also to corresponding investigations. If the buyer wishes to resell the car, they will be unable to do so due to the lack of necessary transfer documents.