power of attorney for vehicle transactions

When Selling A Car The Power Attorney Helps Protect Both Parties The Buyer And The Seller Not only does it give you the right to sell their vehicle for them, but it also guarantees that they’re entitled to the money that’s made from the sale.Īs mentioned earlier, if you had the title transferred to your name, you wouldn’t be required to give them the money. The power of attorney is also a great tool to protect both you and the other person that you’re helping. Without the title in your name, you can’t legally sign the title over to someone else. The reason you need the power of attorney to sell a car for someone else is that the title isn’t technically in your name without it. Why would you need the power of attorney to sell a car? You’re now legally responsible but also protected. By signing the document, they entrusted you with this process.

Once you have the power of attorney for your loved one, you have the right to sell their vehicle for them. What’s a notary? A notary is a government employee responsible for witnessing the signing of legal documents. You’ll probably have to do this in front of a notary. You and the person you intend to sell the car for will both sign the documents. In these documents, it’s clearly specified who’s giving up their rights/control and who’s receiving them/it. Getting the power of attorney is usually a simple process that involves both parties signing the legal documents required by the state. They need someone close to them to help them sell their vehicle. They may be too sick, mentally incompetent, physically disabled, or just too old. When a person is given a power of attorney, it’s usually because the other person is unable to act on their own behalf. For the most part, a power of attorney can involve managing finances or selling property like cars and homes for another person. In short, a power of attorney is when a person signs over some of their rights to another person to allow them to act on their behalf. The best thing you can do is get power of attorney to sell the car. Nobody wants to find themselves in this situation on either end. Your relationship is strained now, and you might have a legal issue on your hands. Though you may promise to give them the money, there is nothing requiring you to do so. The biggest issue is that, when the title is in your name, you technically don’t owe them the money you make from selling their car. It’s technically legal, but it’s a little complicated and can put a strain on the relationship if done incorrectly.

You find a buyer, you settle on a price, you transfer the title to the new buyer, and you get your money.īut what happens when somebody else wants you to sell their car for them? If you’re lucky and you both trust each other, there’s a possibility that they’ll be willing to transfer the title over to your name to let you sell the car for them.

The process of selling your own car is pretty easy. Getting The Power of Attorney To Sell A Carīlog/ Getting The Power of Attorney To Sell A Car

Power of attorney for vehicle transactions