Traffic accident with property damage: Financial expert warns of consequences if registration is not granted

Traffic accident with property damage: Financial expert warns of consequences if registration is not granted

According to a report by www.new-facts.eu, a traffic accident occurred on January 20, 2024 in Neu-Ulm with a car that had just been purchased. The new owner of the vehicle was a passenger in the car and did not have a driver's license. A friend was supposed to take the car for him, but after just ten minutes it collided with another vehicle. In addition, the car was not registered and had false license plates.

Such an incident can have both legal and economic consequences. First of all, criminal proceedings are initiated against the owner and the driver, which can lead to financial burdens. In addition, a possible conviction could have an impact on their financial situation, which in turn has consequences for consumption and the economy as a whole. In addition, this incident could impact the auto insurance industry as it could potentially lead to tightening of insurance conditions or an increase in insurance premiums.

It is important that car buyers and owners understand the legal requirements and regulations to avoid such situations and protect their own financial stability and the economy in general.