Question:

If I have a bought car that I sell to a friend and I owner finance them... also meaning the tag and title?

by  |  earlier

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is still in my name... Is it possible for the driver to have car insurance for a car that doesn't yet belong to them since it would still be under my name?

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2 ANSWERS


  1. You do not have the same conditions available as a car dealer. All responsibility for the vehicle will be on you. Not a good thing to do.


  2. no it is not possible. you are the owner of the car. you are 100% responsible for the car and  for  ANY damage the car might cause including bodily injury to any one or property damge to anything.

    If you are still foolish enough to go thru with your ''deal'' I hope it does not result in something that will follow you the rest of your life.

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