Quote:
Originally Posted by upallnight
Never sell cars to family. How did they ever get a license for the car if they never transfer the title? If they were using your plates what happens if they got into an accident? What happens if they loan the car to friends or other family members and they got into an accident?
To cover your ass never sell a car to family and if the buyer doesn't want to list his name on the title have them sign a bill of sale stating that they bought the car from you on that date. Better to be safe then have to hire a lawyer to fix up any mess later.
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Non family can pull the same stunt. The tag was recently renewed when we "sold"it. Lesson learned. Nonetheless the point of my reply is since this 4.6 is such a super deal you can try to hasten the deal with the DMV involved; seller pays tax/fees ect and files for new title, buyer gets X5 with bill of sale and pays seller. Seller then sends correct title (signed, of course) after it arrives in mail. Since buyer was with seller when paperwork was filed and paid for new title you know it is in the proper process. I myself would work to seal this deal. 61K and one owner?????? I'd be all over it like ugly on a monkey.
11-25-2016, 05:51 PM
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