![]() Some states allow you to give the current mileage reading right on the car title, while others require a separate notarized form. When you pay the balance due, you will receive the title and can sign it over to the buyer.įederal law requires the seller of an automobile to provide an odometer disclosure to the purchaser at the time of sale. Call the bank to notify them of the pending sale and get the payoff amount of the loan. You have a car loan: If you owe money on the vehicle, then the lien holder possesses the title.Some states require the document to be notarized, so check with your state’s motor vehicle department where you live. After making a deal with the buyer, fill out the title's transfer portion and sign it. You own the car outright: If you don't owe any money on the vehicle, then you already have the title in your possession.Get your title by selecting which of the following circumstances apply to you: If you misplaced or lost your title, check with your state motor vehicle department to apply for a duplicate. The title might be the most crucial document needed when selling your car, as it represents the right of ownership. Here's a checklist of what paperwork may be required when selling a car privately. When preparing to sell your automobile, you should have all the required documents so you can legally transfer ownership. What paperwork do I need to sell my car privately? An owner's manual is an excellent back-up to have in the glovebox and a nice document to hand over to the new car owner. But it sure can come in handy when you get stranded on the side of the road with a flat tire and a dead cellphone, and you can't figure out how to release the car jack. With all the information accessible via the internet, a written manual might seem archaic. Provide receipts or statements from dealerships or repair shops, or if you did the car's maintenance yourself, then provide receipts from purchases you made and written logs of dated repairs. If the vehicle is out of warranty, let the buyer know that the sale is “as is.” Service and maintenance recordsĪdvertising that your vehicle received proper maintenance might attract buyers, but having proof could clinch the deal. Most new car and extended warranties are transferable, but the processes can differ for each provider, so read through the fine print of your contract. So, if you don't know what contract you purchased with your vehicle, or if you bought any at all, it might be worth digging a little. Depending on the term of the plan, a warranty could add considerable value to your car. Warranty paperworkĬar warranties come in all shapes and sizes, ranging from bumper-to-bumper coverage to limited big-ticket repairs. Running a check on the Vehicle Identification Number (VIN) can provide a car history from the day it left the factory. You can obtain a vehicle history report from various online sites. The more buyers know, the better they might feel. Providing a car history to potential buyers can get you a lot more looks and possibly speed up a sale. While you need some paperwork before legally selling your car, some additional documents might help you sell your car faster and for a higher price and assure the buyer they’re getting a good deal. You'll also learn how to organize the required documents in a timely fashion so you can finalize the sale smoothly when the right buyer comes along. If you're wondering, “what paperwork do I need to sell my car?”, we'll provide the answer below. Selling your car can be aggravating, but the documentation doesn't need to be a part of the problem. You’re all set to sell your car, but one thing is standing in your way - the dreaded paperwork.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |