Need help asap!? :confused:

[Antnvlz1294]

Hey everyone!,
So sadly I am selling my cb7 tomorrow afternoon and I'm only 18 so I have a few questions. How do I sell it? I know I he likes the car he will give me cash but what do I do? My moms name is on the title an it's on her insurance. Would I just have to cancel her insurance and registration for it and then just have her leave the title home for me to just give it to the guy? I don't really know about this and she won't be home it'll only be me. Please help me step by step because I don't know what to do. Thanks!

[wed3k]

get her to sign the title tonight

meet up with the guy, after you get the monies.

get his name and address for release of liability and write up a bill of sale stating that the vehicle is sold as-is with no warranty so you cover your own ass. get him to sign that too with the date, VIN, plate and his full name

[Smiley_cb7]

Just give hime the keys and title and you get the money. It's on him from there on to get it registered. You should be able to log on to your states DMV and notify them that the car has been sold.

[Leung]

https://www.lendingtree.com/auto-loa...vately-article

[Antnvlz1294]

get her to sign the title tonight

meet up with the guy, after you get the monies.

get his name and address for release of liability and write up a bill of sale stating that the vehicle is sold as-is with no warranty so you cover your own ass. get him to sign that too with the date, VIN, plate and his full name

how do i write up a bill of sale? just write that i sold the vehicle as is on a piece of paper or do i need official documentation? also what do you mean plate?

[Jarrett]

Even a napkin can be a bill of sale. Or, if you want, you can print one from online.

[wed3k]

yea i just write it up with a pen and a blank piece of paper. after the signature, it can be used as an official document.

im pretty sure my dmv even has bill of sale forms.

[deevergote]

A bill of sale isn't always necessary.

Really, the bare minimum is to sign the title and hand it to him. Remove your license plates and return them to the DMV (that will "unregister" the car), and cancel the insurance on it. The guy SHOULD call his insurance company and put the car on his insurance (picking up a card from a local office if possible... that's what I do.) Then take the title directly to the DMV and register the car, getting a registration card and his own license plates. THEN come back to your place with his plates and documentation, put the plates on the car, and drive it home legally.

But really, once you hand over that signed title, the responsibility is out of your hands. He can put plates from grandma's Towncar on there and drive it home if he wants.

[Antnvlz1294]

A bill of sale isn't always necessary.

Really, the bare minimum is to sign the title and hand it to him. Remove your license plates and return them to the DMV (that will "unregister" the car), and cancel the insurance on it. The guy SHOULD call his insurance company and put the car on his insurance (picking up a card from a local office if possible... that's what I do.) Then take the title directly to the DMV and register the car, getting a registration card and his own license plates. THEN come back to your place with his plates and documentation, put the plates on the car, and drive it home legally.

But really, once you hand over that signed title, the responsibility is out of your hands. He can put plates from grandma's Towncar on there and drive it home if he wants.

Let me just say that you sit, are literally the most knowledgable person on this forum. You're completely helpful with everything, thank you very much. I appreciate everything.

[deevergote]

Nah, I'm just old.
Everyone else said pretty much the same thing. I just used more words to say it.

[JesseXC]

What state are you in? In Florida you can use this as a bill of sale and I'm sure other states have them also. http://www.flhsmv.gov/dmv/forms/BTR/82050.pdf



DO NOT HAND HIM A OPEN TITLE!

An open car title describes a title that is signed by the listed owner, but not the purchaser. Many states even require that buyers re-title a purchased vehicle within a certain number of days. Follow your state's rules when it comes to transferring vehicle ownership.

[Accrdwgnguy]

Yes make you have a signed bill of sale and cash in hand before he signs that title. Then if he tries to back out he's SOL

[deevergote]

What state are you in? In Florida you can use this as a bill of sale and I'm sure other states have them also. http://www.flhsmv.gov/dmv/forms/BTR/82050.pdf



DO NOT HAND HIM A OPEN TITLE!

An open car title describes a title that is signed by the listed owner, but not the purchaser. Many states even require that buyers re-title a purchased vehicle within a certain number of days. Follow your state's rules when it comes to transferring vehicle ownership.

That is absolutely true. Many people will buy a car, never sign the title and register the car in their own name... and just sell the car using the title signed by the previous owner. If some major issue arises, the person that never signed the title can deny ever having the car, and all responsibility falls on the person that signed the title as the seller.

Having the title and bill of sale signed and notarized would be wise. That's what I did when I bought my CTS-V.
However, when I bought my 86 Accord (twice), I simply took the title from my friends that sold it to me, brought it to the DMV, and put it in my name. Done. Then again, my friends were trustworthy, and so was I.


The more signed, documented, legally-binding things you can have in your possession to prove that you sealed a deal (cash paid for the car), the more protected you are.


Selling a car really isn't that complicated, but taking a few extra precautionary steps now could avoid a MAJOR inconvenience in the future if something were to go wrong.

[Antnvlz1294]

That is absolutely true. Many people will buy a car, never sign the title and register the car in their own name... and just sell the car using the title signed by the previous owner. If some major issue arises, the person that never signed the title can deny ever having the car, and all responsibility falls on the person that signed the title as the seller.

Having the title and bill of sale signed and notarized would be wise. That's what I did when I bought my CTS-V.
However, when I bought my 86 Accord (twice), I simply took the title from my friends that sold it to me, brought it to the DMV, and put it in my name. Done. Then again, my friends were trustworthy, and so was I.


The more signed, documented, legally-binding things you can have in your possession to prove that you sealed a deal (cash paid for the car), the more protected you are.


Selling a car really isn't that complicated, but taking a few extra precautionary steps now could avoid a MAJOR inconvenience in the future if something were to go wrong.

Yeah I understand what you all are saying but it's alright no big deal, I'm not selling him the car. He wanted to offer $650 for it. I only wanted $800 for it and it only needs an egr valve and a new valve cover which I can get both for only $130... I know it's got 265k on the dash but Its still worth 1,285 says kbb. Idiotic people

[deevergote]

kbb values aren't usually what people pay. Certainly not for a 20+ year old car that needs work. You could spend $130 on those parts and sell it for $800, or you could've taken a $20 loss and sold it for $650 with the repairs needed.

For a difference of $20, I'd have taken that money and ran.