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Sold car this weekend - buyer says it's on fire
Topic Started: Jan 9 2012, 04:54 PM (1,883 Views)
iamgeo
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Big League

From what I understand, if they did not transfer the title to their name it is still your car. If they had gotten into an accident then you would be liable.
As far as it catching fire, I think that would be an unforeseen and unfortunate accident of circumstances. Not your fault.
A couple of years ago I bought a geo from a guy that would not let me have the car or the title until after the title was signed and transferred while we were at the DMV.
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vr4


Send in the liability release (usually part of the title that is perforated and torn off) and youre free and clear. This is why its dated and signed. Anything that happens after that date if you send it in on time (10-15 days most of the time) isn't on you.
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BillHoo
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vr4
Jan 9 2012, 09:34 PM
Send in the liability release (usually part of the title that is perforated and torn off) and youre free and clear. This is why its dated and signed. Anything that happens after that date if you send it in on time (10-15 days most of the time) isn't on you.
NJ doesn't have such a perforated title document. Nor is there a liability release.
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vr4


Jersey is even more full of fail than I originally thought...
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Horn


Well I think there is a contract when the buyer g
ave u the money and u gave them the keys and title....just because its not in writing doesnt void the contract. The buyer agreed to the contract when they paid. That is most likely what a lawyer would argue. you also cant control when they transfer the title. Also I know in illinois it is illegal to have an open title so if your state is like mine then they were breaking the law by not signing the title...
Like I said billhoo ur in the clear
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iamgeo
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Big League

Actually, you can control when they transfer the title. The seller can take the time to go with the buyer to the DMV or other place that a person can go to, to transfer a title.
You never know what the other person plans to do with your car.
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nwgeo


Yeah, I have sold a few cars in my experience.
Edited by nwgeo, Aug 31 2015, 12:26 PM.
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Woodie
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BillHoo
Jan 9 2012, 04:54 PM
So, I finally got a boyer for my dad's (who is now deceased) 1992 Ford Crown Victoria with 139,000 miles and a NJ inspections sticker that expired Oct 2011.

I sold the car for $600. the buyer drove it around the block and looked under the hood for 1 minute and said they would like to buy it. I disclosed that the right front tire has a slow leak. They didn't care. They paid cash. I gave them the title and signed with information on cost of sale and odometer reading. did not write up a bill of sale.

This is exactly the type of behavior you should expect from a $600 car. That's practically scrap value. You're fine, best she can do is small claims court and they'll laugh her out of the room.
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Woodie
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vr4
Jan 9 2012, 09:34 PM
Send in the liability release (usually part of the title that is perforated and torn off) and youre free and clear. This is why its dated and signed. Anything that happens after that date if you send it in on time (10-15 days most of the time) isn't on you.
I've never heard of such a thing.
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Mikemetro
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Woodie
Jan 10 2012, 07:29 AM
vr4
Jan 9 2012, 09:34 PM
Send in the liability release (usually part of the title that is perforated and torn off) and youre free and clear. This is why its dated and signed. Anything that happens after that date if you send it in on time (10-15 days most of the time) isn't on you.
I've never heard of such a thing.
Florida has this on all their new titles. You just fill in the buyer info price and date and
Mail it in or drop it off.

In florida you would not have to worry. But some states have some really messed up laws. I'd double check your laws but even worse case I couldn't see you liable for more than the price of the vehicle
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billy508
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billy508

For your own peace of mind, always fill out a bill of sale and have the person buying the car sign it. The last 3 cars I sold I also took a picture of the person with them in or around the car. Not hard to do with the camera on my phone. Be very careful of counterfeit money. There is a lot of it in this area and it really looks good. I know you are supposed to look for the little thread and all that but it is hard to do at night standing in your yard. Lots of fake 20s and of course 100s.
I sold a car a few years back and the dude got caught with a load of drugs over in the next county. the car was still in my name. Another time I sold a car and got a call 2 years later that it was abandoned on the side of the road. Instead of transferring the title they just put in for a change of address so then they got the renewal notice sent to them and I thought every thing was ok. Florida(maybe your state also) has a forum you can down load. I think it is just like a bill of sale but they call it proof of transfer or something like that.
Edited by billy508, Jan 10 2012, 08:34 AM.
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sphenicie


unless you provided a written warranty, all motorvehicles are sold "AS IS". The only liability I can see, would be if they abandoned the car, which is titled to your father. The towing company could try to collect for towing and storage.
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BillHoo
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sphenicie
Jan 10 2012, 08:45 AM
unless you provided a written warranty, all motorvehicles are sold "AS IS". The only liability I can see, would be if they abandoned the car, which is titled to your father. The towing company could try to collect for towing and storage.
I would think that they would try to recover some money by selling it to a scrap yard. Get at least $300 for it and in some case maybe $500.
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BillHoo
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horn12007
Jan 9 2012, 06:30 PM
vr4
Jan 9 2012, 06:15 PM
Buyer beware. Youll be fine.


The "drive chain" is the timing chain.
Thats what I was thinking but supposedly the rearend caught fire....i just thought the lady was trying to say the timing chain caused the rearend to light up...which doesnt happen. Lol
Well, if she calls again, I think I'll just calm her down and tell her it's a 20 year old car. It's going to have problems pop up and they shouldn't be much to fix.

I looked up the rear diff crank seal kit on Rock Auto for that model and it goes for $64. Good mechanic should swap that out at what? 2 hours labor? So maybe it'll cost her around $250 to fix?

Lots of auto shop around Newark. I'm sure she'll find someone competent.

So she gets a solid 1992 Crown Vic for a total of $750
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Scoobs
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:D

what about that timing chain on the rear end..... lmao better look a price up for that!
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