C
car41
Guest
I LIVE IN CALIFORNIA AND AM SELLING MY CAR. THE PERSON WHO WANTS TO PURCHASE IT CANNOT PAY FOR THE CAR IN FULL. WOULD LIKE TO MAKE A 20% DOWN PAYMENT AND MAKE PAYMENT OF $250 PER MONTH UNTIL PAID. I WILL HOLD THE "PINK SLIP" UNTIL PAID IN FULL AND HAVE A CONTRACT.
1. AM I LIABLE FOR ANY ACCIDENTS AND/OR DAMAGES THAT THIS PERSON INCURS WHILE DRIVING THE VEHICLE?
2. DO I NEED TO MAINTAIN INSURANCE ON THE VEHICLE TO ASSURE THAT IT IS COVERED? CALIFORNIA REQUIRES INSURANCE ON ALL VEHICLES.
3. CAN I REPOSSESS IF THE BUYER QUITS MAKING PAYMENTS?
4. AM I TOTALLY STUPID TO EVEN BE CONSIDERING THIS?
THANK YOU!!!
1. AM I LIABLE FOR ANY ACCIDENTS AND/OR DAMAGES THAT THIS PERSON INCURS WHILE DRIVING THE VEHICLE?
2. DO I NEED TO MAINTAIN INSURANCE ON THE VEHICLE TO ASSURE THAT IT IS COVERED? CALIFORNIA REQUIRES INSURANCE ON ALL VEHICLES.
3. CAN I REPOSSESS IF THE BUYER QUITS MAKING PAYMENTS?
4. AM I TOTALLY STUPID TO EVEN BE CONSIDERING THIS?
THANK YOU!!!