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Have never sold a car before what do i do?
fyi i live in california. I am selling a vehicle and i lost the title. i am the registered owner. however the vehicle cannot pass smog. registration is already paid. i wrote a bill of sale and did some reading on dmv website, states i cannot sell or transfer vehicle into buyers name unless i get a smog certificate. buyer keeps telling me as long as we have a written agreement then dmv is fine with it. I think otherwise. i dont want to be caught in a big mess a couple years down the road, buyer never registering the vehicle and is still in my name with impounds and fines. what should i do?aside from the situation at hand i took out a loan on my car (the one that is being sold) from a lender not too long ago but paid it off. the lender put himself on the title as a lein holder. he signed off on the title after i had paid it off. the title the lender signed off on was the one that i lost. here are my steps i need to take however dont know if its everything i need to do.
1. create bill of sale, provide copy to buyer, getting bill of sale notarized (maybe)
2. go to dmv and fill out a notice of transfer and release liability, application for duplicate title and turn in to dmv.
suggestions? thanks in advance
5 Answers
- JohnLv 68 years agoFavorite Answer
the first step is to get the title..................you apply for a lost title
no one should buy a car without the seller having a " lien free title "
a bill of sale dont really mean much
- 8 years ago
If the title you lost was the one the lienholder signed off on, then that lienholder will still be showing up on the record. You would have to obtain a lien satisfied from the legal owner and provide that to the buyer along with an application for transfer of title with duplicate title. Your releasing signature will not require notarization, but the legal owner's release will. After providing the buyer with said documents fill out a notice of release of liability and submit it to dmv.
- 8 years ago
First think about how much your car or truck is worth then evaluate the price then you can Post it on Craigslist and put a sign on your car or truck saying for sale and waite for the best offer
- Anonymous8 years ago
oh gosh. if you've never sold a car private party before, then i wouldn't start out selling something without a title. try and apply for a new title at your dmv, and make it easier on you
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- ?Lv 45 years ago
My suggestion is to take a seem at different autos on the marketplace on your area, and base your fee off of that. via regulation you ought to tell them the the call is salvaged. yet that doesn't recommend you ought to virtually provide it away. a incredible vehicle with low miles is frustrating to discover, so basically believe and attempt it besides.... good success!