What is the difference between transferring and not transferring ownership of a used car?
1 Answers
The functional differences between transferring and not transferring ownership of a used car: 1. For the buyer: If ownership is not transferred, the car does not legally belong to the individual. In minor cases, it may be difficult to recover the vehicle if it is stolen; in severe cases, if there is a traffic accident or the vehicle is inspected by traffic police, it may be identified as an unregistered vehicle, leading not only to confiscation of the car but also to personal investigation. 2. For the seller: If the used car's ownership is not transferred, all road fees and taxes incurred by the vehicle remain the legal responsibility of the individual. If the buyer fails to pay these fees over time, the relevant authorities will enforce collection from the original owner, not the buyer.