When selling a vehicle . . .
Thread Starter
|
Laughing Gas
Joined: Nov 2002
Posts: 1,143
Likes: 18
When selling a vehicle . . .
When selling a vehicle. The law says I'm supposed to pull my plates.
I have all the keys handy for the truck and tool box.
On the title, do I just sign off on it? From what I can tell, it just needs my signature and the buyers signature.
Is there anything else I should know/do when selling the truck? When I bought the truck, the guy I bought it from had me sign a paper stating the truck and all that was included with it and that the sale was final. Was that necessary? Isn't the signatures of the seller and buyer on the title enough to prove that the sale is final?
All info on this is appreciated.
I have all the keys handy for the truck and tool box.
On the title, do I just sign off on it? From what I can tell, it just needs my signature and the buyers signature.
Is there anything else I should know/do when selling the truck? When I bought the truck, the guy I bought it from had me sign a paper stating the truck and all that was included with it and that the sale was final. Was that necessary? Isn't the signatures of the seller and buyer on the title enough to prove that the sale is final?
All info on this is appreciated.
Last edited by 88grandmarquis; Jan 3, 2005 at 06:20 PM.
Senior User
Joined: May 2003
Posts: 495
Likes: 0
From: Bryan Texas
but in good rule i would pull the plates this would force them to go regestire on th spot plus i would walk them in to the dmv. i tx the buyer and seller sign the title and a change of title form also a bill of sale is helpful
Senior User
Joined: Apr 2003
Posts: 415
Likes: 0
From: Jerseyville,IL
I bought my Mustang with a Cashiers check. I haven't sold any of my trucks, I always trade them. I'd pull the plates/insurance cards, and all you have to do is sign the title to release your name. Here in Ill. when the buyer registers the vehicle, you pay the sles tax and they take the title and send you a new one in your name.
Posting Guru
Joined: Apr 2000
Posts: 1,428
Likes: 3
From: Summit, NJ
When I buy a used car, I make sure to have the title transferred over, the car insured and the plates before I go pick it up. The people I've sold cars to don't usually go to that extreme, they show up with some kind of plate and we sign the title over by following the instructions on the title. I personally would only take cash or cashiers check / money order. Personal check just doesn't cut it.. too long to wait to complete the transaction and too risky.
Always always pull the plates. Pull the registration and insurance card as well. That protects you. Don't forget to pull the insurance on the car the day of the sale. The buyer is responsible to add the car to his policy usually before he registers it. DMV usually wants to see proof of that vehicle being on an insurance policy with your name.
Always always pull the plates. Pull the registration and insurance card as well. That protects you. Don't forget to pull the insurance on the car the day of the sale. The buyer is responsible to add the car to his policy usually before he registers it. DMV usually wants to see proof of that vehicle being on an insurance policy with your name.
Posting Guru
Joined: Sep 2003
Posts: 1,174
Likes: 0
From: Near Wamego KS
Easiest thing to do is go to THEIR bank when you sign over the title - the bank has a notary to witness the title and they can hand you cash without any hassels (unless they don't have the money!). You don't really need a statement of "as is - where is" with no warranty since you're not a dealer, but it might make things easier if the buyer blows the engine on the way home while "seeing what she'll do".
Senior User
Joined: May 2003
Posts: 495
Likes: 0
From: Bryan Texas
Trending Topics
Postmaster
Joined: Jul 2003
Posts: 2,628
Likes: 0
From: Calgary, Canada
There are proper receipts on the net that you can download.
A friend informed me of a trick to get around paying the sales tax; in his province they had the tax thing that you had to pay _unless_ the receipt stated "tax included". Good for the buyer but I wonder if they'll come after the seller for the money at tax time.
Cashiers check or going to the bank is probably the best; these days you can't even trust cash, especially $100.00's.
A friend informed me of a trick to get around paying the sales tax; in his province they had the tax thing that you had to pay _unless_ the receipt stated "tax included". Good for the buyer but I wonder if they'll come after the seller for the money at tax time.
Cashiers check or going to the bank is probably the best; these days you can't even trust cash, especially $100.00's.
FTE Stories
Ford Trucks for Ford Truck Enthusiasts
Rezvani's Latest Post-Apocalytic Monster Is a Ford F-150 Raptor Underneath
Verdad Gallardo
Top 10 Most Expensive Ford Trucks Ever Sold on Bring a Trailer
Joe Kucinski
2027 Ford Super Duty Buyer's Guide (Every Model, Engine, & Package)
Brett Foote
Top 10 Ford Truck Tragedies
Joe Kucinski
AEV FXL Super Duty - the Super Duty Raptor Ford Doesn't Make
Brett Foote
Lobo Vs Lobo: Proof the F-150 Lobo Should Be Even Lower!
Michael S. Palmer
Ford's 2001 Explorer Sportsman Concept Looks For a New Home
Verdad Gallardo
10 Best Ford Truck Engines We Miss the Most!
Joe Kucinski
2026 Shelby F-150 Off-Road: Better Than a Raptor R?
Brett Foote
Lead Driver
Joined: Dec 2002
Posts: 5,491
Likes: 16
From: Kuna ID
The titles in Idaho have a small tag at the bottom, you fill it out and send it in to the DMV, and it releases you from responsibility should anything happen with the vehicle before the new owner re-titles it. I was told that a bill of sale was good enough to get the vehicle home until you could get your own plates. My Ins. company also told me that I would be covered for 5 days after the date of purchase of a vehicle until I was able to add it on my policy. 
Post Fiend
Joined: Jun 2002
Posts: 13,873
Likes: 3
From: Atlanta GA
Bill of sale that states as is, where is, no warranty expressed or implied. CASH ONLY! If the amount scares you, then do the transfer at your bank, and deposit it into your account.
Sign AND date the title and fill out the odometer statement. Make a copy of their driver's license or write the information down on the bill of sale. I just scan a copy on my computer and then copy it to the bill of sale. Take your plates.
Sign AND date the title and fill out the odometer statement. Make a copy of their driver's license or write the information down on the bill of sale. I just scan a copy on my computer and then copy it to the bill of sale. Take your plates.
