Selling your car

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by: Cobalt327, Eloc431962, Jon, Pigjamelectric
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Contents

[edit] Overview

How quickly you sell your car depends on several factors you can influence. There are also legal matters to consider to protect yourself down the road after you've sold the vehicle.

[edit] Making your car more attractive

[edit] Cleanliness

Thoroughly clean the inside and the outside of your car. Throw out garbage and vacuum the interior. Clean surfaces from dust and grime with a cleaner like Windex. Armour All will give surfaces a shine for a few days.

[edit] Body and paint

If there are rust spots or blisters on the body, don't paint directly over them to "hide" the rust color. It won't hide the problem, and it may lead the potential buyer into thinking that you're the kind of person that might try to hide something else about the car.

[edit] Context

Context is important. Your car might be in good shape, but if the environment such as the yard or the garage where you are showing the car is a mess, the buyer might consciously or subconsciously judge that you treated your car the same way. Hence, you don't want to just sell the car, you want to sell the IDEA of the car. Think about G.I. Joe toy commercials. You never see the kids playing with them in a living room. The toy is shown in a jungle environment. Clean up the yard. Clean up the garage.

[edit] Price

If your intention is to sell the vehicle as quickly as possible, asking a low price might not be the best idea. If priced too low, the buyer may think there is something wrong with the car.

[edit] Transfering ownership

[edit] The transfer of ownership document, or title

Many, if not all, provinces and states have a section on the back of the registration or title one must fill out and give to the new owner when selling the car. Fill out all the information. Make a photocopy of the transfer of ownership for yourself.

[edit] The bill of sale

In addition to the transfer of ownership document, you should create a bill of sale.

On a blank piece of paper, include:

  • The date
  • "Sold to:"
  • Buyer's name
  • Year, make and model of vehicle
  • The vehicle's serial number
  • The dollar amount for which the vehicle is being sold
  • "Vehicle is sold as is, where is"
  • "Vehicle is free of liens or encumberances"
  • Your signature, your printed name, your full address
  • Buyer's signature, buyer's printed name, buyer's full address
  • Witness signature, Witness printed signature
  • Have your bill of sale notarized no matter what state in which you live
  • Make a photocopy of the bill of sale for your records
  • Make a photocopy of the transfer of ownership for yourself.

[edit] Proving "disownership"

Keep your copies of the transfer of ownership and of the bill of sale in your filing cabinet. You must be able to prove that the vehicle does not belong to you should the buyer choose not to register the vehicle and it ends up abandoned in a compound somewhere. You could be held liable for storage charges.

After a given period, if the new owner did not register the vehicle, you may want to contact the Department of Motor Vehicles to "junk" the title in order to end any association between you and the vehicle.

[edit] Related

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