How do I sell my first car?

How do I sell my first car?
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1 Answer

Answer :

It’s not too hard but it’s not like selling a bicycle. You’ll need the title and once you are paid you will have to sign it over to the new owner. If you have it it’s easy if not here is where it gets a bit complicated. If you lost the title you will have to request a new one, usually from the dmv. This takes time so do it before you sell. If you owe money there will be a lein and the lender has it. Either pay it off by getting a 2nd loan or arrange for the buyer to accompany you to the bank when you pay off the loan. Arrange this waay ahead of time every bank handles this differently and the buyer will want the title upon payment. Sometimes even if you have the title some banks don’t release the lein and the buyer will not be able to register it until they do. Check ahead of time to make sure it is done. Also don’t forget to take your license plate off, cancel your insurance and remove your stuff.
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