How To Buy A Car By Proxy

Table of contents:

How To Buy A Car By Proxy
How To Buy A Car By Proxy

Video: How To Buy A Car By Proxy

Video: How To Buy A Car By Proxy
Video: How To Buy A Car Online And Have It Delivered! (2020) 2024, December
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Very often, cars are purchased on the secondary market by proxy, saving money and time instead of completely re-registering the car. However, the car is registered with the owner, who is responsible for it. The new owner does not even think about the fact that at any moment he may be left without a car, because it will not be so easy to prove that he really bought it.

How to buy a car by proxy
How to buy a car by proxy

Instructions

Step 1

The owner of the car at any time can demand the return of the car, pledge it or donate it. Or simply revoke the power of attorney, and you will know about it when the car is taken away from you. According to the power of attorney, you can represent the interests of the owner, drive a car, repair, change parts, paint and make changes to documents for a car, and much more.

Step 2

The power of attorney may indicate all the powers or only some. A general power of attorney presupposes the vesting of all powers.

Step 3

In the future, you will not be able to reissue the car to yourself without the participation of the owner, even with a power of attorney. If you have already made a decision to buy a car by proxy, you need to somehow protect yourself, for example, by taking a receipt from the seller about the receipt of a certain amount of money. However, in order to challenge the transaction in court, you will need proof that you actually transferred the funds to the seller. A receipt will most likely not help to prove this fact, in contrast to the concluded contract for the sale of movable property.

Step 4

In the event of an accident in the presence of insurance, which is issued for the owner of the car, the insurance company will refuse to pay compensation. Although you can try to ask the owner to submit data on the accident to the insurance company on his own behalf. But your name will appear on the official documents of the incident, and the insurance company will no doubt find it out.

Step 5

The power of attorney does not have a lifetime effect, even if it does not indicate until what time it is valid. The term of validity terminates with the death of the principal or his recognition as incapacitated, the rights automatically pass to his heirs. With them, you will have to negotiate a new power of attorney.

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