What are the risks of not transferring ownership when buying a used car?
1 Answers
For car buyers, it is impossible to verify the legality of the used car's source and its management status. If the used car needs to be rented, pledged, inherited, or transferred, these processes cannot be completed. Additionally, vehicle annual inspections and insurance claim settlements require the assistance of the original owner. There may be situations where annual inspections cannot be processed on time, and insurance claims can only be compensated to the seller as stipulated in the insurance contract. Fee standards for used car ownership transfer: The fair price transfer fee for used cars is mainly calculated based on engine displacement and the year of manufacture. Different fee standards apply depending on the vehicle type (such as sedans, SUVs, buses, trucks) and different ranges of displacement and load capacity. The necessity of transferring ownership for used cars: Transferring ownership of a used car legally completes the transfer of vehicle ownership and ensures the legality of the vehicle's source, such as avoiding purchasing smuggled or stolen vehicles. It also clarifies the division of responsibilities between the buyer and seller regarding the vehicle, such as debt disputes and traffic violations, ensuring the legitimate rights and interests of both parties.
