In a logical chain of events, please explain after a price and commitment have been confirmed, what the steps are once you confirm a buyer? Title, payment, insurance, etc. Thanks!
2007-03-30 10:10:50 · 3 answers · asked by G 1 in Cars & Transportation ➔ Buying & Selling
Meet in a public place.
Take their cashiers check or money order or cash.
Have them sign whatever DMV paperwork right then and there.
Hand them the keys.
Go immediately to the bank.
Then go to the DMV.
2007-03-30 10:28:00 · answer #1 · answered by DialM4Speed 6 · 0⤊ 0⤋
You would give the buyer, the title, properly released. The mileage will need to be disclosed, either on the title(depending on the year of the car)or an odometer disclosure form. Both buyer and seller must sign. You will give the buyer a bill of sale, describing the car, the sale price, and the date. You will use the Seller's Report of Sale, that is attached to the title, or a form you get from the DMV, to report the sale, thereby documenting you do not have an interest in the car anymore. If the buyer fails to transfer/title the car in their name, the seller's report of sale is like gold for you. If the car gets dumped, get's tickets while still in your name, the seller's report will save you from prosecution. If you have a lienholder, you will need to take the buyer to the lender, and complete your transaction with them, obviously the sale has to be more than what is owed on the car, before the lender would release interest. Good luck.
2007-03-30 18:46:52 · answer #2 · answered by fisherwoman 6 · 0⤊ 0⤋
First answer is right. But I'd say take cash ONLY or have them cash their check at their bank in your presence.
2007-03-30 17:30:29 · answer #3 · answered by Jose 3 · 0⤊ 0⤋