Will Selling a Car Without Transferring Ownership Cause Trouble?
1 Answers
Selling a car without transferring ownership may lead to the following issues: 1. Issue One: Selling a car without transferring ownership means the buyer does not obtain full ownership rights of the vehicle. The vehicle's ownership remains under the seller's name. If the vehicle is involved in illegal activities, the original owner will still be held accountable, and any fines will be the responsibility of the original owner. 2. Issue Two: Additionally, if the car is sold without transferring ownership and is involved in an accident that injures a third party, the original owner will be fully liable for compensation without any room for negotiation. Moreover, since the vehicle has not undergone the proper transfer process, insurance cannot be obtained. 3. Issue Three: Lastly, purchasing a car that cannot be transferred means the buyer cannot prove the vehicle's legal origin. Vehicles with illegal origins, when discovered by relevant authorities, will result in hefty fines, making it highly unfavorable for the owner.