Hey Tribe,
I'm selling my car this week and I'm kind of uncertain on what to do regarding the buyer. I met with him, he saw the car, and he wants it and has left me a cash deposit and will come pay the rest on Thursday evening and take ownership.
I was warned not to just sign over my ownership but to actually go with him to the MTO to complete a transfer of ownership before letting the car go. However, the buyer told me he wants to put the car on a train and send it out to BC where he could flip it for more money, so he doesn't want to register the car in Ontario.
Some have told me that I would be liable for any accidents, or crimes done with my car between handing him the keys and when it gets registered wherever it ends up, even if I have signed over the ownership and have a signed contract/bill of sale. Others have told me that I wouldn't, and that it is not a big deal.
The ministry website doesn't give me enough information about this, and calling them is an endless loop of machine messages with no relevant information. Does anybody have any experience in this and can help?
Thanks
I'm selling my car this week and I'm kind of uncertain on what to do regarding the buyer. I met with him, he saw the car, and he wants it and has left me a cash deposit and will come pay the rest on Thursday evening and take ownership.
I was warned not to just sign over my ownership but to actually go with him to the MTO to complete a transfer of ownership before letting the car go. However, the buyer told me he wants to put the car on a train and send it out to BC where he could flip it for more money, so he doesn't want to register the car in Ontario.
Some have told me that I would be liable for any accidents, or crimes done with my car between handing him the keys and when it gets registered wherever it ends up, even if I have signed over the ownership and have a signed contract/bill of sale. Others have told me that I wouldn't, and that it is not a big deal.
The ministry website doesn't give me enough information about this, and calling them is an endless loop of machine messages with no relevant information. Does anybody have any experience in this and can help?
Thanks