To sell a used car on your own, there are several legal steps you must take in order to successfully transfer ownership of the vehicle. These will not only serve to protect you, but it will also protect the other driver. The three following documents are essential when attempting to sell your car.
Step One: Keep and locate the vehicle’s title:
If you own a car, you should always keep your title in a safe, easy to access place. It is sometimes recommended to keep it in the car itself. If you happen to be slowly paying your car off, the lender will send you a new title after your loans are paid off. This will have the vehicle’s title and detail information as well as your information as the vehicle’s owner.
Step Two: Contact your State’s Department of Motor Vehicles:
If you have lost your title, which is a major no-no, there is a way to get it back. Just contact your local DOT. You can also resort to these if your car is paid off in full but you have not yet received your title in the mail. Once your request is sent, they will send a lien release and the State will send you a newly issued title.
Step Three: Gather and organize all your legal paperwork:
Not only will you need the vehicle’s registration and title, but you also probably want to carry your driver’s license with you, just in case. You definitely want to have maintenance receipts handy as well as a vehicle history report. If you don’t have this written down, be sure to inform the buyer about where the car has been and how you attained it yourself. By presenting this information to potential buyers, there is a higher possibility of the buyer returning to purchase your car. It also eliminated the chance for later complaints.