Hello,

Can someone please tell me what happens AFTER my buyer and I agree to a
price ? Specifically I mean taxes, insurance etc ... Obviously I want the
buyer to be responsible for those. I'm not sure how all of this works .. Can
you help ? Btw, I'm in BC, Canada.

Thanks,

Daniel

On Mon, 01 Mar 2004 08:09:11 GMT, "Daniel" <NOSPAM@yahoo.com> wrote:

I have no clue how things are handled in Canada... But when I sell a
car in the States (in Maryland where I live) I just sign the title
hand it to him and he hands be the cash, certified check etc...

Taxes are collected by the State when the new owner goes to get his
own title for the car... ( I as the seller have nothing to do with
any tax collection)... Insurance is handled by both the Seller (phone
call to cancel his coverage) and by the buyer (a phone call to get
insurance on the vehicle)...

Bob

You mean you HOPE and PRAY the insurance is handled by the seller
before you cancel your coverage. With your 'open title' in hand
he need not transfer it or insure the vehicle. Any liability
incurred while he is driving your vehicle still registered to you
will be on your hands. Only a fool would sign and hand over a
title to another. A wise seller will always go, with the buyer,
and appear before and proper agent and make sure the title is
transferred properly and legally. Don't be a fool, find out the
proper way to transfer the title legally in Canada before
releasing the vehicle and title to anyone. Generally the buyer
must pay any taxes and fees due before the agent will transfer
the title.


mike hunt



"Bob G." wrote:

only a fool would let someone buy a car and drive off with their plates.
when I am paid for a car, I take the plates off it, and cancel the
insurance. once the title is signed and the insurance is canceled and the
plates are taken off the car, if the new owner drives it without registering
it and insuring it first, that is his problem, not yours.
<MkeHunt@lycos.com> wrote in message news:4043B724.3E99CA89@lycos.com...

Not so my friend! Until that title is LEGALLY transferred YOU
are the legal owner and responsible for any liability incurred,
whether it is insured by you or not, has your plate or another,
or even any plate on the car. You as the registered owner are
responsible period, even if it is being driven by a thief. Call
you insurance agent and ask, if you think that is not the case.
That is why I have been making so much of an effort to tell the
original poster to NOT to listen to what he is hearing from some
of the posters and to NOT sign the title and hand it off to the
buyer. Make sure it is transferred legally before releasing the
vehicle to any buyer. To transfer a title legally all taxes and
fees must be paid, insurance issued and any encumbrances cleared.
if the new title is encumbered the finance source receives the
new title, not the buyer. Some states even require safety and
emission inspections as well before a new title is issued to the
buyer


mike hunt



Tom Cohan wrote:

Since none of you or me live in Canada why don't you let him talk to someone
in Canada? After it's another country! hey just might do things differently
there!


<MkeHunt@lycos.com> wrote in message news:4043CDE9.B44E2249@lycos.com...

Thanks very much guys! I found the info online but thanks anyway for your
most helpful suggestions!

Daniel