I need to sell the car to one of my friends. How do I transfer the title.? Should I write letter saying that "vehicle is sold as-is"? Who signs the letter - buyer, seller or both? Please let me know
2007-03-02 09:13:33 · 2 answers · asked by Carseller 1 in Cars & Transportation ➔ Buying & Selling
Get the cash from him.
Sign the back of the title as the seller (you)
Write a Sales Slip stating the price for which you sold it
Write an "as is" letter. Notarize it, you both sign it.
2007-03-02 09:29:21 · answer #1 · answered by rob1963man 5 · 0⤊ 0⤋
It completely depends on what State this transaction is taking place in and what kind of Vehicle (age and miles) the vehicle is. There are states where "as-is" is not a viable option. For example, in New York, unless the vehicle is in excess of 100,000 miles anyone (private party or dealer) must warrantee the vehicle for a specific amout of time and miles.
I would suggest that you contact your local DMV. They should be able to assist you with the sales process and give you information about the state's merchantablity standards.
I hope this helps.
2007-03-03 01:35:40 · answer #2 · answered by katmanchu 3 · 0⤊ 0⤋