Having recently sold my car, I thought it would be useful to write a short guide to selling your car.
- Set Your Price: Use either Kelly Blue Book or Edmunds to determine the rough value of your car. Remember to set your price competitively, otherwise you won’t get any interested buyers.
- List Your Car: Newspapers and Craig’s List are a great way to advertise your car.
- Clean It Up: No one wants to buy a dirty old car–make it look clean and fresh.
- Work with the Buyer: If they want to take it for a test drive, jump in the car with them. If they want to bring it to their mechanic, make sure they pay and that they are serious about buying.
- Generate a Bill of Sale: Bill of Sale can be found here. The seller should fill out the bill of sale, but both parties need to sign and receive copies of the document.
- Transfer the Title: Fill out the back of your title and make sure that both the buyer and the seller sign the odometer disclosure.
- Give the Buyer these Additional Forms:
- The original document from the lienholder that proves the lien is satisfied, if the title indicates there is a lien on the vehicle. The DMV will remove the lien when it issues you a new title.
8. Remove Proofs of Registration: From the New York State DMV:
Before you trade in or sell your old vehicle, be sure to remove the license plates and the windshield registration sticker, which shows your plate number. This will help prevent you from being charged with parking tickets that do not belong to you.
Turn in the plates to a motor vehicle office unless you are transferring them to a replacement vehicle. Always turn in your plates before you cancel liability insurance or before the insurance lapses. If you do not, your registration will be suspended, and your driver license could be suspended as well.
Note: Unless you immediately transfer the registration to another vehicle, surrender your vehicle plates to the NYSDMV.
9. IMPORTANT! Make copies of your title and Bill of Sale.