Selling an uninsured car?

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TradeNurkicNow

TradeNurkicNow

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Hey guys,

I don't know shit about cars or car insurance. I have a car that I'm trying to sell, but canceled the insurance long ago. I have a potential buyer.

I can't figure out how the hell this guy is supposed to drive away when he buys the thing, short of waiting for the title to transfer over and then buying insurance and then coming and picking the thing up.

Thinking back, I realize that when I bought it, I drove home uninsured. How is this supposed to work?
 
hoojacks said:
Hey guys,

I don't know shit about cars or car insurance. I have a car that I'm trying to sell, but canceled the insurance long ago. I have a potential buyer.

I can't figure out how the hell this guy is supposed to drive away when he buys the thing, short of waiting for the title to transfer over and then buying insurance and then coming and picking the thing up.

Thinking back, I realize that when I bought it, I drove home uninsured. How is this supposed to work?
Click to expand...

He gets a Temporary "thing" from the DMV, its like 21 bucks for a month

Im sorry i forgot what "thing" is supposed to be...


OH I JUST REMEMBERD, Trip Permit, it covers you for a month, its meant for these kinds of things
 
Do you have any insurance at all currently? Auto? (on a different car) Home?

Call your agent (or old agent) and have them insure the car until it sells. It won't cost you much. Just tell him you are selling it.
 
OSUBlazerfan said:
He gets a Temporary "thing" from the DMV, its like 21 bucks for a month

Im sorry i forgot what "thing" is supposed to be...


OH I JUST REMEMBERD, Trip Permit, it covers you for a month, its meant for these kinds of things
Click to expand...

He said insurance, he didn't say that the tags on the car have expired. If the tags are expired then the new owner should get a trip permit.
 
I don't think you need to worry about it. He's the one driving uninsured. He should contact HIS agent, and say I am buying a car, and need to insure it.
 
hoojacks said:
i've got no insurance.

and i think a trip permit is for registration only
Click to expand...

Do you have a buyer or just a potential buyer? Has he driven it? Do you know this person?

If this is a "done deal" then write up a bill of sale (or you can find one to print out from the interwebs) and have both of you sign and date, make a copy and have both of you initial the copy. If he gives you cash (not a check or money order) then sign over the title to him and make him sign the title in front of you (always do this, it protects you from him selling the car to someone else while he's representing himself to be you to the new buyer). Make copy of signed title, you keep the copy of this, he gets original.

The moment you sell the car the insurance on the car becomes his responsibility.
 
RR7 said:
I don't think you need to worry about it. He's the one driving uninsured. He should contact HIS agent, and say I am buying a car, and need to insure it.
Click to expand...

It depends, if this potential buyer hasn't driven the car yet Hoojacks should get it insured. You can buy insurance for just one day. A potential buyer is going to want to test out the car, stomp on the gas, slam on the breaks, etc. If the buyer wrecks Hoojacks is f'ked. The potential buyer could say that car wasn't in good working order and sue Hoojacks. Also if the potential buyer gets pulled over on the test drive by the cops the cops will have the car towed for no insurance.
 
the guy has never driven it and we've never met. it's through craigslist.

i called my insurance company and they don't do anything less than 30 days.

and yeah, if the kid has no insurance and he wrecks it, i'm at fault.
 
hoojacks said:
the guy has never driven it and we've never met. it's through craigslist.

i called my insurance company and they don't do anything less than 30 days.

and yeah, if the kid has no insurance and he wrecks it, i'm at fault.
Click to expand...

how far does he live from you....either you have AAA? Use a free tow to his house
 
hoojacks said:
the guy has never driven it and we've never met. it's through craigslist.

i called my insurance company and they don't do anything less than 30 days.

and yeah, if the kid has no insurance and he wrecks it, i'm at fault.
Click to expand...

Do you have the money to pay for 30 days of insurance on the car? If you do get the car insurance and then cancel it as soon as the car is sold and they will refund the prorated amount of the unused insurance.

Craigslist buyer - It's seller beware! MAKE SURE THAT YOU BOTH SIGN THE TITLE AND THAT YOU HAVE A COPY OF IT! If only you sign the title he can roll back the odometer and resell the car to someone else while claiming to be you. Again, accept cash only. No checks, cashier checks or money orders.
 
DaRizzle said:
how far does he live from you....either you have AAA? Use a free tow to his house
Click to expand...

How does that help? You're going to use a tow for a test drive? Once he sells the car, insurance becomes the responsibility of the new owner. Getting the car to the new owners house becomes the new owners responsibility.
 
SlyPokerDog said:
Do you have a buyer or just a potential buyer? Has he driven it? Do you know this person?

If this is a "done deal" then write up a bill of sale (or you can find one to print out from the interwebs) and have both of you sign and date, make a copy and have both of you initial the copy. If he gives you cash (not a check or money order) then sign over the title to him and make him sign the title in front of you (always do this, it protects you from him selling the car to someone else while he's representing himself to be you to the new buyer). Make copy of signed title, you keep the copy of this, he gets original.

The moment you sell the car the insurance on the car becomes his responsibility.
Click to expand...

This. And most insurance companies will give you 2 weeks from the bill of sale to actually contact them to get it on your insurance card. I used to drive around in a car with no insurance that I bought from my sister with a blank date on the bill of sale and on the title. If I got into a wreck or pulled over I would have had to just date both of them within the 2 week period and I would have been covered. Yes I was young, dumb, and irresponsible, but it left me another $180 a month for beer and taking out chicks.
 
BlazersBlood said:
This. And most insurance companies will give you 2 weeks from the bill of sale to actually contact them to get it on your insurance card. I used to drive around in a car with no insurance that I bought from my sister with a blank date on the bill of sale and on the title. If I got into a wreck or pulled over I would have had to just date both of them within the 2 week period and I would have been covered. Yes I was young, dumb, and irresponsible, but it left me another $180 a month for beer and taking out chicks.
Click to expand...

Kind of a dumb move by the seller but a nice deal for you.

Also Hoojacks you should ask to see the guys drivers license before he drives the car and make a photocopy of it (if you can, he might object to it) if you sell it to him. At the very least write down his full name, address and ODL number. That way when the FBI shows up and says the car was used as the getaway car in a bank robbery you can not only prove that you sold it you can point them in the direction of the robber.
 
this thread reminds me of this...
[video=youtube;f99PcP0aFNE]
 
SlyPokerDog said:
Do you have the money to pay for 30 days of insurance on the car? If you do get the car insurance and then cancel it as soon as the car is sold and they will refund the prorated amount of the unused insurance.

Craigslist buyer - It's seller beware! MAKE SURE THAT YOU BOTH SIGN THE TITLE AND THAT YOU HAVE A COPY OF IT! If only you sign the title he can roll back the odometer and resell the car to someone else while claiming to be you. Again, accept cash only. No checks, cashier checks or money orders.
Click to expand...

This is important. I had an aquaintance that used to do this (resell cars they bought without registering)...also if they don't register it you'll get the parking tickets on it... and there are a ton of fake cashiers checks out there...so CASH ONLY! If it's a big amount you can just meet at his bank, then turn around and buy a money order to carry to your bank.
 
If you want to insure it just for 30 days, here's how to save money. First, get the most minimum insurance (like $25,000 instead of $250,000). But my main trick is:

Insure it for 6 months, with monthly payments. Then bug out after the first payment. The insurance will expire after 1 month. You will pay less per month on a 6-month rate than on a monthly rate.

(I did it, it works.)
 
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