02-28-2009, 09:22 PM | #1 |
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what are the steps to selling a car privately? so far im going about it as follows:
1. have buyer inspect the car, etc and accept cash/ certified check. 2. have buyer sign bill of sale (typed document stating car information, names, date, terms, etc). 3. once payment is cleared, give buyer title (do i fill out anything when doing this or i just give them the title and keys and be done?). the car currently is not insured and doesn't have any license plates (owner lives out of country now). so does the buyer come back in a few days with his own plates and then drive off? help appreciated. thanks.
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02-28-2009, 09:51 PM | #2 |
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You have to sign the back of the title with the current OD reading. He can have a sign saying tags applies for. The insurance is on him and not you as a requirement. He will get the ticket not you. Be wise for him to have insurance with no tags on it.
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02-28-2009, 09:54 PM | #3 |
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OD? sign back of title with current odometer reading? anything else i should add on the back? so after payment clears, hand him this paper (i keep photocopy?) with keys and done deal?
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02-28-2009, 09:59 PM | #4 |
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you don't even have to have him inspect it. just get him to sign a waiver saying the car is sold as-is, and you cannot offer any sort of warranty. quick, dirty, and easy. have him wire the money to your bank account, funds are there and verified very fast. like said, sign the title and note the miles, get your money, and have a nice day. i've never had a car sale take longer than 10 minutes.
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02-28-2009, 10:10 PM | #5 |
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Yeah after payment is cleared, sign the back, date, Odometer reading. Give it to him with the bill of sales. Make copies of everything and be done with it. Nothing else for you to do. Just make sure the payment is cleared and remove the tags so you can turn them in and possibly get some change back.
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