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Knowingly selling a car without being that vehicle’s owner is called title jumping and carries legal penalties in most states. Some states will accept a bill of sale as proof of ownership when ...
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Daniel Robinson is a writer based in Greenville, N.C. with expertise in auto insurance, loans, warranty options and more. Away from the keyboard, Daniel spends time with his wife and son, plays ...
But it’s not all that common. The car must be registered in the owner’s name or the person who holds the title, and the owner's name must also be included on the car insurance policy.
Miss the deadline, and new car owner can end up with a flagged vehicle in the LTO system, plus the P40,000 penalty.