How To Sell A Car Privately-What Paperwork Is Needed

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Hey what’s going on everybody this is rodney samuels thank you for watching this video thank you for checking out my channel i’m a former car salesman and entrepreneur and in this video i’m going to tell you how you can sell your car privately and i’m also going to show you all of the forms that you’re going to need and where you can get them from okay and if you

Happen to be in the market for a new vehicle you might want to check out an auto auction where you can usually get cars for a little bit cheaper price and they are happening locally there’s a link in the description of this video and in the comment section where you can find a local auction near you so make sure you check that out before you uh before you leave

This video alright so let’s get into it okay the first thing you’re going to need and you’re going to want to have if you’re selling your car privately is the vehicle history report a popular place to get this is carfax carfax.com you’re going to want to have this handy so you can show it to any potential people that come and look at the car it’ll show your

Maintenance history on it it’ll show all the prior owners that own the vehicle before you if that’s the case okay customers are going to definitely want to see this so make sure you have that handy your vehicle history report the next piece of information you’re going to want to have when you’re selling your car privately is your vehicle’s maintenance history

Now some of your maintenance history may show up on your carfax hopefully it does okay but you want to make sure that you have it on hand so what you can do is if you got your car serviced at let’s say a pet boys or even your car dealership you can go to your car dealership wherever you had it serviced and ask them to give you a printout of all of the maintenance

That you had done on the vehicle over the years you can always tell potential customers potential buyers that your vehicle is great as this and that but if you can show them that you took care of the vehicle while you owned it with regular maintenance that’s always a great selling point so make sure you get your vehicle maintenance history printed out and have

That ready to go okay the next piece of information you’re going to want to have handy for selling your car privately is having your warranty information okay if your vehicle is under some sort of a warranty whether it’s still from the manufacturer or or if it’s an after-market warranty that covers you up to a certain amount of mileage on the vehicle you want

To have that information handy that’s a great selling point if your vehicle is still under some sort of warranty make sure you have that handy make sure that you can show them what company is warranting the service and have the contact information for that warranty company handy it’s a great selling point which will help you hold the value in your vehicle the

Next document you’re going to want to have for selling your car privately is your odometer statement if your vehicle is 10 years old or newer by law you’re going to have to have this and have it filled out okay i’m going to give you a sample i’m showing you a sample i’m going to give you a link where you can get this odometer statement or a sample of it so that

You can look over remember to check with your dmv for all the specific laws for your state but here’s some of the items that are going to be on that odometer statement i’m going to read it right from my list here the year make model and vin number of the vehicle the buyer’s name and address the seller’s name and address which is you seller signature the current

Vehicle mileage at the time of sale okay and this document is going to have to be notarized so make sure you have that odometer statement when you’re ready to sell your car the next document you’re going to need for selling your car privately is of course the title to the vehicle that shows that you actually own the car that you’re selling okay you have to have

The title because when you’re transferring ownership to the new owner you’re going to have to sign the back of the title over to them that is a legal procedure that has to be done then that owner will take the title to the dmv and get a new title printed out and sent to them now if you’re selling a car that still has a balance on it let’s say you still owe

The bank some money okay you have to find out what the uh you have to let this the new owner know that you still owe a balance on it because it’s going to take time for the bank to send you the title after you send them the payoff so you have to find out what the payoff is make sure you get that exact amount okay you will take that money send it to the bank and

They will eventually send you the title so that can take some time alright so let the potential buyer know that it might take some time for them to get title in hand all right but you will need the title to transfer ownership the last document you’re going to want to have when you’re selling your car privately is a bill of sale now this is not required by law

Everywhere but a bill of sale will document everything about this transaction also it’s a good idea to have an as is disclosure along with your bill of sale it can be on the same document or you can have a separate as is disclosure i’m going to be showing you a sample of one here with both of them together okay as is most buyers are going to know that you’re not

Putting any type of a warranty on this vehicle other than the one that may come with it as is so that when the sale is done it’s final you definitely want to have that okay now your bill of sale is going to have things like this on it the vehicle description the odometer disclosure the purchase price the delivery date and signatures and it’ll be a good idea to

Have this document notarized also so there you have it those are the documents that you will need to sell your car privately okay i gave you some examples showed you some examples and there are links in the description of this video where you can go and check them out now these are only samples okay remember to always check with the laws in your state with the

Dmv to make sure you’re doing everything properly please give this video a thumbs up and consider subscribing to the channel hope this video helped see you guys next time

Transcribed from video
🤓How To Sell A Car Privately-What Paperwork Is Needed🤓 By Rodney Samuels TV