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V · 03-13-2005, 01:32 PM

I would not give up the title until the car is out of my hands, or the buyer is picking it up and i dont ahve to drive it again. Â*From all my buying and selling, i learned the following, once you sign the title where it says sellers signiture, "techincally" you dont own the car anymore as of that day. Â*I sold a car and the buyer brought plates for some other car and put them on to drive the car home, and legally since i signed the title then and there, and so did he, it was not my liability. Â*I believe the only "legal" way to do an exchange like that is for one party to have the car registered and insured in their name with a clean title and the other party to use used car or new car dealer plates which cover any car they are on. Â*You coudl tell them that you will do the exchange but you will bring the title with you, sign it there have, them sign, then take your plates, legally it is there car after that point. Â*They could get insurance covergae over the phoe before the car would be registred, at leats here in NJ i have(like 4-5 hours before i got to DMV, but that still wouldnt solve the issue that theyd need valid NY registration. Â*Or, last option is to rent a uhaul trailer and tow the car up there to the halfway point, and send them the title before hand to register it. the full trailers are about 60(insuranc eincluded) for a 24hr period.

03-13-2005, 01:32 PM	#3
V Stalker Join Date: Aug 2004 Posts: 12,082 iTrader: (12)	I would not give up the title until the car is out of my hands, or the buyer is picking it up and i dont ahve to drive it again. ÂFrom all my buying and selling, i learned the following, once you sign the title where it says sellers signiture, "techincally" you dont own the car anymore as of that day. ÂI sold a car and the buyer brought plates for some other car and put them on to drive the car home, and legally since i signed the title then and there, and so did he, it was not my liability. ÂI believe the only "legal" way to do an exchange like that is for one party to have the car registered and insured in their name with a clean title and the other party to use used car or new car dealer plates which cover any car they are on. ÂYou coudl tell them that you will do the exchange but you will bring the title with you, sign it there have, them sign, then take your plates, legally it is there car after that point. ÂThey could get insurance covergae over the phoe before the car would be registred, at leats here in NJ i have(like 4-5 hours before i got to DMV, but that still wouldnt solve the issue that theyd need valid NY registration. ÂOr, last option is to rent a uhaul trailer and tow the car up there to the halfway point, and send them the title before hand to register it. the full trailers are about 60(insuranc eincluded) for a 24hr period.