Draw up a Bill of Sale. Don't need to have the amount on it but sure as heck have the VIN. Have the buyer sign one copy and you keep that. Of course you sign a copy and give to the buyer. Pull the plates also.
My reasoning I think has been covered. You don't know what these guys are gonna do and as far as the DOT is concerned the car is still in your wifes name.
I do know of a instance where this happened with a twin engine light plane. Local JD dealer sold it in Florida when he hit hard times. Cash sale. Some time later there was a headline in a Florida paper. Iowa JD dealer dropping bombs in central america. Of course the purchasers never changed the registration and the tail number was still in the JD dealers name.
Why I am careful when selling something that can be traced back to me.
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