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Re: seller's ignorance
| Larry | 29 Aug 2006 22:12 |
Being a Calif resident, where the plates stay with the car, there are several things to do. 1) Get the car smogged before you sell it. The buyer can and will hold you hostage for the repairs, as you are responsible for selling a car that can pass smog to be re-registered. $40 is a small price to pay for piece of mind. The results arfe submitted electronically to the DMV, so no need to worry. 2) Complete the Release of Liability form that you can download off the DMV website and fill it out completely. Doing this, you will not need to accompany the buyer to the DMV to officially transfer the title. The form gets you off the legal hook.....believe me..it works! Keep a copy though. The signed pink is all the buyer needs. It does not need to be notarized. The Release also states the purchase price, so the buyer can't falsify the price he paid in order to reduce the sales tax that he pays with the transfer fees. 3) Take the cash and say good-bye to your car.
> When selling my '93 Honda Accord is it to both parties advantage to go > to the DMV together to transfer title and finalize the deal [quoted text clipped - 3 lines] > the car before he gets around to going to the DMV and it may be my > problem. Should I insist on going to the DMV together? |
| btrny@yahoo.com | 29 Aug 2006 09:48 |
When selling my '93 Honda Accord is it to both parties advantage to go to the DMV together to transfer title and finalize the deal (California)? Someone wanted to buy the car off me last night after driving it around the block. He had the money but I didn't feel comfortable with his haste. I have a feeling something may happen to the car before he gets around to going to the DMV and it may be my problem. Should I insist on going to the DMV together?
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