2007-06-14 09:44:37 · 9 answers · asked by legaleye2005 1 in Cars & Transportation ➔ Buying & Selling
File a Notification of Sale with the DMV, promptly. The buyer's name and address are needed to complete the form. This document shows the date of sale, and when ownership should have transferred. If you have any doubts that the buyer will transfer, offer to go to the DMV with them to process the transaction. Once you have signed your release of interest, the agent could let you go and complete the transaction with the buyer. This way, you know it was done, and have copy of it. If you want to be sure the buyer pays taxes on the purchase, be sure to include the purchase price on your bill of sale.
2007-06-14 14:54:32 · answer #1 · answered by fisherwoman 6 · 0⤊ 0⤋
I sure know the answer to this one! I sold a pickup to a person that then used switched plates and drove the vehicle illegally. There were many tickets issued to the last owner of the vehicle, plus an impound charge. I had to deal with the police in 2 different towns and go to court.
Fortunately for me the A.D.A. had the same thing happen to her and all charges were dismissed.
The A.D.A. told me to get a receipt for the sale and ask to see the buyers drivers license to compare the information. Both seller and buyer should sign the receipt. This was all I was told to do when selling a vehicle in the future.
You can call of go to the DMV for further information, but I was not told to do that.
2007-06-14 17:05:03 · answer #2 · answered by Keep it Simple 3 · 0⤊ 0⤋
1st you type up a bill of sale and that will get you relieved of any financial responsibility ...... certified mail yourself a copy and do not open the taped closed envelope ... if you get a call from the local police then take the copy to them and open it there in their presence ----- so they can see that you did your part when selling the car....... if you gotta go with the guy to see that the changes and taxes are paid then you gotta .... BUT when you sell the car and get a bill of sale signed and a copy of the new owners' drivers license (to be sure you are really dealing with who that he says he is)) that is all you must do to be correct ..... get cash or do not release the car and the car title until after the check clears the bank (go to his bank to cash the check -- do not just deposit the check in your bank account and hope that the paper will clear his account--- pay the dollar at his bank to get a cashiers check if the amount is more than you wanta carry in you pocket ---- new owner cannot get tags if he doesn't pay the tax and register the ride. and if you have any other questions you are OK to e-mail me and ASK ......>>>>>>>>>>>>
2007-06-14 17:25:34 · answer #3 · answered by XTX 7 · 0⤊ 0⤋
Paying taxes on it is not your problem. Only the transfer of name.
At the bottom of your title should be a detachable form titled:
Notice of Vehicle Sold
You send this form in to the State DMV and they will transfer the title to the new holder. They are resposible for properly registering and paying the taxes on their purchase.
Good luck!
2007-06-14 16:52:52 · answer #4 · answered by crazy_fuzzy_bunny 5 · 0⤊ 0⤋
You only need to collect the money and sign over the title. If you want to make sure they transfer everything take them to the DMV or a currency exchange and pay to transfer the title it will then be up to them to pay the tax.Another solution is to withhold title until the have the money and again go with them to transfer.
2007-06-14 17:29:26 · answer #5 · answered by Bill W 3 · 0⤊ 0⤋
You must complet the release of liability form and send it to the DMV. Make sure to get a copy for yourself, just in case.
You can't make sure the buyer pays the taxes... that's on them to do.
2007-06-14 16:53:12 · answer #6 · answered by shellyrich 2 · 0⤊ 0⤋
Be sure to sign the title over to the other person in front of a notary public and have it notarized. I believe that once that is done you are pretty much off the hook. Possibly even go to the tag agent to do this.
2007-06-14 16:49:58 · answer #7 · answered by sierra33ok 3 · 0⤊ 0⤋
I made this mistake before and it caused me some major money. What you do is to take him to the DMV and have the title changed at the time of purchase. Or if you have notary's in your state, go to one of them.
2007-06-14 16:53:12 · answer #8 · answered by CRAIG C 5 · 0⤊ 0⤋
You have to fill out the pink slip of the car your selling and fill it in with the person you are selling it to and his info then take it to the D.M.V.
2007-06-14 16:49:29 · answer #9 · answered by angel k 2 · 0⤊ 0⤋