What are the impacts of not transferring ownership for a used motorcycle?

[McSpencer]

Not transferring ownership of a motorcycle involves liability issues. If the vehicle fails to undergo mandatory inspections or meets the scrapping standards but is not scrapped, the owner will be unable to process any motor vehicle-related or driver's license-related services under their name. The detailed impacts are as follows: Damage to interests: If only a purchase agreement is signed for a used motorcycle without transferring ownership, the previous owner can still use the vehicle as collateral, which harms the interests of the new owner. According to Article 31 of the "Road Traffic Accident Handling Regulations," 'If the motor vehicle driver is temporarily unable to compensate, the driver's employer or the owner of the motor vehicle shall be responsible for advance payment.' If ownership is not transferred, the seller remains the legal owner. This means that if an accident occurs involving the vehicle, the seller will be held accountable. If the driver flees, the seller will bear full responsibility. For the buyer: Although they possess the used vehicle, the ownership has not been transferred to their name, making future disputes more likely.