Alex Are you liable for a car you sold?
The important thing to know that in California, as is the case in most states, sales between individuals (that is, non-dealers) are presumed to be “as is.” This means that both parties understand that the car is being sold despite its faults and the seller is not liable for any further repairs and they are relieved …
How do you protect yourself after selling a car?
Steps to Protect yourself when Selling a Car
- Keep a friend or family member informed of the process.
- Don’t give personal information to potential buyers.
- Screen potential buyers thoroughly.
- Be a trustworthy seller.
- Meet potential buyers in a public place.
- Bring a friend or family member with you to meet potential buyers.
Do I have to declare an accident when selling a car?
Does a dealer/seller have to declare an accident? Yes and no. If the dealers are aware that the vehicle has been in an accident, then they are committing an offence by not passing on this information to the buyer.
Does your car lose value after accident?
After an accident, your car’s market value will decrease even if it goes through all of the necessary procedures to restore it back to its prior condition. Diminished value is the difference in your car’s market value before and after an accident.
Can a person be sued after selling a car?
Yes, if you’re the owner you could be sued. The purpose of filing the notice of Release of Liability is just that to give the public notice that you are no longer going to be responsible for the car. However, because your name still shows up on the title, you are probably the one that will in fact be sued.
When did I Sell my Car but never transferred the title?
Discussion in ‘ Other Legal Issues ‘ started by mikefrmi, Sep 2, 2005 . Not open for further replies. I sold my car to someone about 4 -5 years ago but the new owner never transferred the title. The engine was shot and he was going to see if he could get it going.
Who is responsible for a car after you sell it?
That means that, as a seller, you’re not responsible for the car after it’s sold. However, would-be sellers should understand a couple of important points. First: If your sales contract includes any language describing a warranty or a guarantee on the car, you might be on the hook for anything that goes wrong.
Where can I buy an accident damaged car?
Lou Appel’s Auto Spares is always looking for accident damaged and non-running vehicles. With over 85 successful years of experience in the motor industry, we have mastered the art of convenience, efficiency and trustworthiness! The process is so easy!
What happens if you sell your car and it is involved in an accident?
I sold my car and it was involved in an accident… Question: I sold my car to a guy and got a bill of sale. A year later, the car was involved in an accident. I am now getting letters from insurance companies and attorneys because my name is on the title.
Can a seller be sued after selling a car?
After selling a vehicle, if the new owner gets into an accident and has never re-registered the car, can the original owner be sued? My wife, girlfriend at the time sold her car a few years back. Both seller and buyer signed the transfer of title and ownership. Apparently, the buyer never bothered to register the car under their name at the DMV.
Discussion in ‘ Other Legal Issues ‘ started by mikefrmi, Sep 2, 2005 . Not open for further replies. I sold my car to someone about 4 -5 years ago but the new owner never transferred the title. The engine was shot and he was going to see if he could get it going.
What should you know before selling a car?
As a seller, there are certain things you should know before selling a vehicle, including the process to transfer the title. Most importantly you will want to protect yourself by completing a Notice of Sale, which removes your name from the vehicle so you are no longer liable for the vehicle you sold.