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#9215391 - 12/21/17 03:06 PM When you sell a car privately
porschetr Offline
Post Master Supreme


Registered: 05/15/01
Posts: 21616
Loc: WBridge
Do you keep your insurance on until the buyer fully transfers the ownership?
My broker says I should have it on until they do.
If something happens while it's still under my name, it will come back to me...
Doesn't really make sense to me but that's what he says.
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#9215396 - 12/21/17 03:08 PM Re: When you sell a car privately [Re: porschetr]
OracerO Offline
Post Master Sr


Registered: 10/07/02
Posts: 3913
Loc: GTA
I usually keep it insured till i sign the backpart of the ownership to the new owner. Then with a quickness call my insurance and cancel it.
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#9215401 - 12/21/17 03:13 PM Re: When you sell a car privately [Re: OracerO]
titty sprinkles Offline
Post Master Supreme


Registered: 08/22/05
Posts: 13973
Loc: Toronto,Ontario
nope. soon as i can't see the taillights anymore i'll pull insurance. new owner should already have insurance on it if not then tow it.

Edited by titty sprinkles (12/21/17 03:14 PM)
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2015 TLX
1994 turbo integra

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#9215444 - 12/21/17 03:43 PM Re: When you sell a car privately [Re: titty sprinkles]
spd-dmn Offline
Post Master


Registered: 11/24/04
Posts: 2270
You used to be able to call/go to the MTO and ask for the car to be put under a sold status, that way there's a sold flag on it even if the new owner didn't register yet.

Could try that.. not sure if they still do it.

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#9215482 - 12/21/17 04:10 PM Re: When you sell a car privately [Re: spd-dmn]
eddie_eightytwo Offline
miataist
Post Master Supreme


Registered: 01/09/03
Posts: 34283
Loc: Ca�ada
Signed/dated bill of sale says “it ain’t my problem anymore”
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