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03-22-2018, 05:24 AM #1
- Join Date
- Jan 2018
- Posts
- 12
How can I safely transfer the insurance to the new car owner?
Hey,
I'm going through the toughest phase of my life. I worked as a system administrator in an IT consultancy based in Calgary for more than five years. Last year, we moved to Oshawa after selling all our properties in Calgary.
I started a men's boutique specialized in selling casual wears. The initial expense required to set up such a business was quite high. I relied on credit unions for mortgages. Unfortunately, the business became dull. Now, I'm suffering a lot to make the mortgage payments and other bills. I have no way other than selling my car to raise fund.
What paperwork do we need to complete when selling a car? How can I safely transfer the insurance to the new owner? I secured the auto insurance from a company providing insurance brokerage services in Oshawa. Can someone help me clear these doubts? Waiting for your reply. Your suggestions will definitely help me to find a right path.
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