|
|||||||
![]() |
|
|
Thread Tools |
|
|
#11 | |
|
Registered Member
Join Date: Jan 2011
Location: Louisville, KY
Posts: 4
|
Quote:
A bit of friendly advise.... if and when you are on the "seller" end of a title transaction make certain you and the buyer go directly to the DMV and transfer the vehicle out of your name immediately. Until that vehicle is transferred out of your name YOU are legally liable for any damages relating to anything associated with that vehicle. Some States require signatures on the title to be notarized which may be a potential problem since your previous titled owner is out of state and unknown. good luck. joel |
|
|
|
|
| Sponsored Links | Remove Advertisements |
|
Motorcycle Forum Advertisement |
|
|
|
#12 | |
|
Registered Member
Join Date: Dec 2010
Location: Central Illinois/North Cent. Florida
Posts: 763
|
Quote:
It is a good reason, however, for the SELLER to also keep a copy of the bill of sale.
__________________
My Rides: '07 Honda Shadow VLX 600 '06 Suzuki S-50 (VS800) |
|
|
|
|
|
|
#13 |
|
Registered Member
Join Date: Jan 2011
Location: Louisville, KY
Posts: 4
|
Thanks for claifying that laws vary by state, you are correct. The point I would like to make is that I can not think of any good reason to risk leaving a vehicle in your name while it is in the posession of another person. Besides potential liability issues there is also the aspect of potential additional property tax accruing.
|
|
|
|
![]() |
«
Previous Thread
|
Next Thread
»
| Thread Tools | |
|
|






