How to Avoid Liability Once the Car is Sold?

By: khalid r mustaffa

You can no longer call the car that you have been trying to sell my car any more. Depending on how attached you were to the car, and your future plans this may be the toughest or happiest moment in the process. It is now time to kiss the car goodbye, but I am about to provide you some last minute tips that may save you some money, and future liability.

Make sure that you secure the payment; I understand how anxious you may be to get rid of the car, and go on with your plans, but remember you don't want to end up without the car, nor the money. If you had accepted a check or money order make sure it clears. On the other hand had you used an escrow service, you should wait until you get a confirmation of money receipt.

On a different note, so long you described the car to the best of your knowledge, and did not deliberately hide information, mechanical problems or prior accidents you shouldn't be liable for those you were not aware of. Most state laws around the nation assume that private-party sales have a built in "as-is", however, it will only make you feel safer to get that understanding in writing, make sure that both parties sign off before the transaction is complete.

However, it is to your best interest to protect yourself in writing and include an as is statement in the bill of the sale, or have the buyer sign a paper stating that he or she is aware that you the seller are not responsible for any future breakdowns.

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