Can I repossess a car I sold?
If you have sold a car but the buyer has breached the terms of the contract, then you are allowed to repossess the vehicle. Repossessing your car means that you reclaim it as your own due to the failed contract or lack of payment from the new owner.
Who is responsible for an accident the driver or the owner?
Insurance coverage attaches to the vehicle and its driver. Therefore, a car owner is NOT liable for any accident that a friend, family member, or other borrower causes while operating the owner’s car.
Can a seller take your car back if something goes wrong?
As long as the contract doesn’t say you’ll take the car back if something goes wrong (and why would you do that?), you’re good. Anything that was said during the sale won’t put the seller on the hook either. Any statements about a guarantee have to be in writing to carry legal weight [source: Johnson].
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.
Can a buyer take the title to the DMV?
The buyer would then take the title with this information and register it. Unfortunately, short of conducting the sale at a DMV office, a buyer can’t be forced to register the car. Be sure to make a copy of both sides of the signed title for your records.
What happens if you sell your car and forgot to change ownership?
The decision of the Supreme Court has far-reaching consequences in case of those owners who have sold the vehicles and not intimated about the purchaser to the registering authority. Have you sold your car and forgot to change the ownership in registration records?