The steps to take to legally sell your car

The steps to take to legally sell your car

You can privately sell your car as long as you follow all the legal steps. The process should not take you that long and help you get your car advertised in the market.

Get the car´s papers straight

These papers include the registration, the title, service records, and all the first purchase papers. This will give you a broader idea of what your car has to offer and help you establish a fair price. “Full extras” is not a concise enough description.  Make sure you have a list of all the features of your car.

Set a price

You probably have made improvements to your car while owning it. These improvements will increase the value of your car.  Take this into consideration when setting the price.  Look up sites that indicate the approximate value of your car’s model. You might want to include a cushion for negotiation in your price.  Be fair at setting a price and consider if it has been in an accident or not or if it will soon require some maintenance.

Offer a test drive

After you have placed an ad on the web or your local newspaper, you will probably get many phone calls or messages. Pick those that seem more interested and establish a meeting in a safe place and close to a relaxed route. It is advisable to have someone come with you on the test drive and always require the interested party to show a driver’s license.

Provide for a safe transaction

When the buyer wants to closing the transaction, gather at a bank or insurance company and make sure the payment is done according to agreement. Remember that the buyer will try to negotiate.  Be open to this option and provide your best offer.

Complete a title transfer

Make sure this legal requirement is met when you sell your car. This may vary depending on your state.  But basically, make sure the document is signed by both parties and the exact odometer reading is recorded at the moment you pass the car to the new owner.

 

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