Am i liable?

[sinsegudo]

What is the name of your state? ct
Hello everyone, i figured i would give this forum a try since i've heard lots of great stuff about it. Here we go, i gave my friend my car about a month ago. He signed a bill of sale but still has not paid me. I left my plates on the car so it would not be towed and he said he wasn't going to be driving the car due to the car needing some work. Well come to find out ,while i was away this past weekend that the car was involved in a hit and run accident in a whole other town from which i parked it in front of his house. I don't know the extent of the accident but did find out from the PD that the car was towed. Since i have a signed bill of sale with the date on it, would i still be held liable for any damages, or would i have to say the car was stolen while i was away on vacation? Any advice would be appreciated. tnx

[nitridr]

Since you have a bill of sale you are not liable. You may not ever see the money you did not collect. Was the bill of sale dated and signed by both you and the buyer? Did the buyer aquire insurance? Did you cancel your insurance?
My opinion only.

[Zigner]

However, you may still be sued, and you are going to have to prove that you were, in fact, no longer the owner of the vehicle. I find it a bit suspicious that, even though you transfered the car, you never took any steps to have it removed from your name.

[sinsegudo]

Like i said earlier, we have a signed bill of sale from about a month ago. Will that be enough proof or what else is needed? I also stated i had no idea he was driving the car around since it needed repairs. I only left the plates on so it would not get towed.