Selling your car
(→Transfering ownership) |
(→Transfering ownership) |
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=Transfering ownership= | =Transfering ownership= | ||
| − | 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.' | + | 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.''' |
Besides the transfer of ownership document, you should create a bill of sale. | Besides the transfer of ownership document, you should create a bill of sale. | ||
| Line 30: | Line 30: | ||
*Witness signature, Witness printed name | *Witness signature, Witness printed name | ||
| − | 'Make a photocopy of the bill of sale' | + | '''Make a photocopy of the bill of sale''' |
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 ends up in a compound somewhere. You could be held liable for storage charges. | 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 ends up 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 Departement of Motor Vehicles to "junk" the title in order to end any association between you and the vehicle. | After a given period, if the new owner did not register the vehicle, you may want to contact the Departement of Motor Vehicles to "junk" the title in order to end any association between you and the vehicle. | ||
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