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Private seller has title of used car that is being paid for by buyer does the buyer have to get full coverage insurance to register the car and get a tag for the car?
Diiuvc45
In my state you only need to have Liability insurance the get a title and register the vehicle. If, however you have a loan on the car the lender will require you to have full coverage.
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∙ 10y ago
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Do you pay sales tax if purchased from a private seller outside the state of Georgia and register the car in Georgia?
If you are a GA resident, you do not have to pay sales tax as long is it is a private seller, even if out of state private seller.
Is Tower insurance an independent seller of insurance coverage?
"Tower Insurance is part of the Tower Group, Inc. Tower Insurance provides both commercial and personal property insurance, as well as auto insurance. It is not an independent seller of insurance."
How do you pay taxes on a vehicle bought from a private seller?
Collected by the State when you register the vehicle.
How do you register a hand gun in Ohio bought from a private seller?
Contact your local police.
How do I register a car purchased from a private seller in Georgia?
You have to get insurance on that car and go to any County tag office in GA for a new title or registration and a new tag. Certain year model cars require you have the title - not just a bill of sale.
Do you have to pay sales tax when purchasing a used boat from a private party seller in Georgia and you live in Illinois?
The taxation will come when you register the boat.
Can you return a car bought from a private seller in CA?
Depends on the private seller.
Do you pay sales tax on a car from a private seller in Florida?
You will pay sales tax where you register the vehicle. Last time I checked Florida has sales tax...
Do you have to pay sales tax when purchasing a used car from a private party seller in Utah?
Yes. You will pay them when you register the car at the DMV. Pretty lame. Double taxation.
What are the incoterms cover insurance for buyers?
The only two incoterms®rules that indicate the goods must be insured are CIF and CIP.Insurance is taken out by the seller in the buyer's name and the insurance must be for minimum 110% of the shipment value.For all the other incoterms® rules it's unclear if the seller or buyer is arranging insurance.This can lead to inadequate or no insurance and must be clearly written in the contract.Buyers pay attention!If seller is taking care for the insurance he is free to choose what the coverage of the insurance will be.This is not what you want! Always mention the required insurance conditions in your contact.
How does title insurance affect the seller who had no title insurance?
A seller with no title insurance:If a person has offered their property for sale and accepted an offer to purchase generally the intelligent buyer's attorney will have the title to the property examined by a professional title examiner. If the title exam reveals a defect in the title and the seller was not covered by a title insurance policy then the seller must pay to have the defect resolved. Title defects can be very costly to resolve.Generally, if the seller chooses not to have the defect resolved the buyer can back out of the sale and get their deposit back. However, the seller has been put on notice regarding the defect.The new owner's title insurance:The new title insurance does NOT affect the seller in any way. Coverage is given only to the new owner under the Owner's Policy. If the seller cannot clear the defects and the buyer still wants to purchase the property, the issuing Title Agency has the option of insuring the title, but excepting the defects from coverage to the new owner. Thereby, the risk is assumed by the buyer, not by the Title Agency.
Does an Oregon resident have to pay sales tax when buying a used car from a private seller?
In most states, the buyer of a used car from a private person would pay use tax to the state they plan to register the car in. This payment normally doesn't happen until the purchaser visits the DMV office to register the vehicle.
