Once the buyer has fallen in love with your car and you've agreed on a price, the smartest next step is to accompany the buyer to their bank for a cashier's check. This will help protect you against any fraud. Once payment is complete, take the following final steps:
- If the car is sold "as is" - note this on the Bill of Sale
- Sign and date the Bill of Sale and have the buyer sign it as well
- Sign over the title; fill out and sign the release of liability and submit to your DMV
- Include any additional paperwork your state requires
- Make a copy of all the paperwork before handing the keys and documents over to the buyer
- Remove the vehicle from your insurance
Depending on your state, you may or may not need to remove the license plates, so have a screwdriver handy.
If you don't already have a photo of the buyer's license, ask a teller or customer service rep to make a copy of it for you at their bank. Not only does this help protect you against fraud, you'll also need the information to fill out the release of liability.
In many states, both the seller and the new buyer have responsibilities during and after the transfer of a vehicle. For example, California requires smog certification. Check your state's DMV website to see which documents your state requires to complete the deal.
Selling a car doesn't have to be a stressful or difficult experience. With these 10 steps, you are well on your way to getting the price you deserve.
Start Selling Now:
1. Get your Kelley Blue Book® Value and verify your car's condition
2. Get a Kelley Blue BookSM Instant Cash Offer
3. Post an ad today