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I have a car that want to sell. I am letting it go 8K. The buyer only $7k in cash. He said that he will give me $7k in cash and pay me the other $1,000 in a month. He also said that I can hold the title until he gives me the rest of the money. To agree to this contract, he said he will get in writing of everything that he agreed on. I was thinking we can get it notarized saying he will pay me $7k up front and pay me the other $1,000 in one month. The problem that I see is that since I am holding the title, if they get into an accident, I will be the one liable for it. If I put that in the contract saying something like they will be liable if anything happens to the car and we both sign it will that be ok? Do think it is safe/smart to take the $7k up front and trust them to pay the other $1,000 in a month?
 
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