What Issues Arise from Not Transferring Ownership When Buying a Used Car?
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Buying a used car without transferring ownership can lead to the following issues: Issues for the seller: For the original owner, if the car is not transferred, it remains under their name. In the event of a traffic accident or other incidents, the original owner will still bear corresponding responsibilities. Additionally, any traffic violations caused by the current owner will be tied to the original owner's identity information. If more than five violations remain unaddressed, the owner may be blacklisted, and the vehicle could be impounded. Issues for the buyer: For the buyer, if the vehicle ownership is not transferred, they may face difficulties in participating in mandatory annual inspections. Moreover, since the vehicle remains under the original owner's name, the seller could reclaim the car if they change their mind later. If authorities seize the seller's assets, the vehicle could still be subject to confiscation, leaving the buyer at a significant loss.