Selling your car or truck in Oregon is a big deal. You've got to get the paperwork right the first time or you could pay the price later on. Here is a list of the worst things people do when they sell a car, truck, motorcycle or van registered in Oregon to a private party:
1. Forget to print the name in ink of the buyer of the vehicle on the back of the REGISTRATION and turn it into the Oregon DMV.
2. Forget to sign the back of the TITLE as seller, date, and print the name and address of the buyer.
3. Forget to clean out the car of all identifying paperwork.
4. Promising to extend your auto insurance to the new buyer giving them time to purchase their own.
5. Carry the contract to finance the purchase of a car and refuse to sign over the title until the car is paid for.
Let's look at these in in a little more detail.
Buying a new car is an exciting but stressful experience. It's best to be prepared before you even leave home to start your journey from one dealership lot to another. Beside figuring out which car you want and if it is going to fit into your budget, you must decide which additional insurance options you want. The cost of the car can increase dramatically when you add on the interest charges and so many optional benefits that can be financed into the payments. Let's look at these options.
Okay. So you got pulled over by the police. You got a ticket for driving with no insurance. Worse yet, you got a ticket for driving while suspended. In Oregon, a police officer has the authority to have your car towed from the point where you were detained, leaving you stranded. Yep, walking home, calling for a ride. Embarrassing, huh?
First, be sure you need an Oregon SR-22. Usually, you need an insurance policy with SR22 in Oregon because somewhere along the way you have been convicted of driving with no insurance, had an accident (at-fault or not) involving no insurance, been convicted of a major infraction like DUI, or had your car randomly selected from the DMV database as not having insurance. Do any of these apply?
People love to save money on car insurance. Understanding that it is a privilege to drive on the streets and highways of Oregon also means people understand this privilege comes with certain costs and responsibilities. Buying an Oregon auto insurance policy is one of those costs. Drivers are responsible for the injury or damage they may cause in an accident. The way a driver can demonstrate he will take responsibility in an accident is by purchasing insurance which will pay the other guy whose car gets hit. There are so many ways to help reduce the cost of auto insurance in Oregon. This list will help you understand what insurance companies are looking for in order to reward you with lower rates.
1. Shop Around
Prices vary from company to company, so it pays to shop around. Get at least three price quotes. You can call companies directly or access information on the Internet. Get quotes from different types of insurance companies. Some sell through their own agents. These agencies have the same name as the insurance company. Some sell through independent agents who offer policies from several insurance companies. Others do not use agents. They sell directly to consumers over the phone or via the Internet. Don't shop price alone. Ask friends and relatives for their recommendations. Pick an agent or company representative that takes the time to answer your questions.
Auto insurance prices seem to be going up steadily. Some companies have gotten bailed out by the government. Other insurance companies have been purchased or merged into other insurers. Changes in plans, names, ownership, regulation of insurance companies leaves many car insurance buyers bewildered. We can help you understand the changes and find affordable insurance plans from companies with a good service track record.
These tough economic times call for drastic changes. Exclusive or captive insurance agents are being given the opportunity to sell their businesses to other larger more profitable agencies. Some independent agents are selling out to large out-of-state conglomerates who are bullying their way into the State of Oregon charging outrageous fees to start your auto insurance policy and will only place you with insurance companies who are willing to pay above market commissions.
Good question! In Oregon, car insurance follows the car. Yes, you bought an auto policy from an independent or exclusive agent or from a direct writer company and it has your name at the top of the policy. However, the auto insurance is for the vehicles listed on the policy not any car you drive. The owner of each vehicle is responsible for insuring his or her own automobile. If he lends it out to someone else, he must keep it covered for at least the basic coverages.
Driving Distracted. That's what it is called when you are operating a motor vehicle and doing something else that takes your attention away from the road. Putting on make up. Shaving. Yes, I have actually seen guys with their cordless shavers exceeding the speed limit, late for work, looking in the rear view mirror to make sure they don't miss a spot. Reaching in the bag and looking for that last french fry. Changing the radio station or searching for a song on a CD. Smoking. All of this MONKEY BUSINESS and more pull your attention away from the most important activity that requires your complete attention.
You've lost your job. Your hours have been cut back. You are on Oregon unemployment. Your unemployment benefits have not kicked in yet or you've passed the unemployment benefit period. Now it's time to make some really tough decisions. Which bills get paid first?
Food, shelter, clothing. Those are the essentials. Water and electricity may be next in the ranking of expenses. If you own your car out-right, in other words, you don't owe the finance company or bank on your car, then you don't have to pay a car payment. Next would be gas for the car and the car payment if you do owe money on it. Transportation costs are high, that's true. Gas prices are fluctuating wildly. Repair costs of your automobile can be as much as what your car is worth. Gambling on selling your car and buying another one may land you with even higher repair costs.
Together with the cost to operate your car in Oregon with gasoline, repairs and car payments is the cost of Oregon car insurance. You must figure in auto insurance as part of the total cost or leave your car at home. Leaving your car just parked is entirely an option either as Oregon law says if you have a registered car you have to keep insurance on it at all times. When you budget your limited resources and you are trying to figure out whether to drive your car or not, you need to figure in the auto insurance. Driving your car without insurance could cost you more than two years of car insurance.
That's right. Up to two years of car insurance. We figure that it will cost you at least $1,000 if you are caught driving without insurance in Oregon. Yes, $1,000! When you add up the cost of the
It will cost you just about a grand. If you keep your record clean and have decent credit, you can get your insurance for about $250 for six months. Hmmm... $1,000 to get your car out of impound most of which you've got to pay right now or spend that money on buying real protection in case you get in an accident. You can't afford not to spend the money on an Oregon car insurance policy.
Otherwise, you'd be better off riding the bus or carpooling with someone who has insurance. If you have insurance and are having difficulty in paying the bill, call us. We'll talk you through the options. Most companies have flexible grace periods. We'd be happy to help you through this tough economic time in any way we can. Let's see what options you have to save and where you can cut back. You may be paying for coverages you don't need. We can review your current policy or go over the coverages we quote you if you don't.
Don't get caught stranded on the street and watch your car get towed away. Oh, and if your car is a PO* car, and you think that just leaving with the tow company is an option. Think again. They will sue you in court for the cost to tow and store your vehicle. That's right. Sue you! They will calculate the cost of the tow and the daily storage rental charge for weeks or even months until your car has been sold. They will then subtract the sale price from their towing, storage and legal expenses and sue you for the difference. If you do get your car towed, get in there to the tow company and negotiate with them immediately. Turn in the title and pay them the difference. Racking up weeks and months of storage fees will only make your bad situation worse.