Selling your car
From Crankshaft Coalition Wiki
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| + | ==Overview== | ||
How quickly you sell your car depends on several factors you can influence. There are also legal matters to consider to protect yourself down the road after you've sold the vehicle. | How quickly you sell your car depends on several factors you can influence. There are also legal matters to consider to protect yourself down the road after you've sold the vehicle. | ||
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==Transfering ownership== | ==Transfering ownership== | ||
| − | ==The transfer of ownership document, or title== | + | ===The transfer of ownership document, or title=== |
Many, if not all, provinces and states have a section on the back of the registration or title one must fill out and give to the new owner when selling the car. Fill out all the information. '''Make a photocopy of the transfer of ownership for yourself.''' | Many, if not all, provinces and states have a section on the back of the registration or title one must fill out and give to the new owner when selling the car. Fill out all the information. '''Make a photocopy of the transfer of ownership for yourself.''' | ||
| − | ==The bill of sale== | + | ===The bill of sale=== |
In addition to the transfer of ownership document, you should create a bill of sale. | In addition to the transfer of ownership document, you should create a bill of sale. | ||
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*Make a photocopy of the transfer of ownership for yourself. | *Make a photocopy of the transfer of ownership for yourself. | ||
| − | ==Proving "disownership"== | + | ===Proving "disownership"=== |
Keep your copies of the transfer of ownership and of the bill of sale in your filing cabinet. You must be able to prove that the vehicle does not belong to you should the buyer choose not to register the vehicle and it ends up abandoned in a compound somewhere. You could be held liable for storage charges. | Keep your copies of the transfer of ownership and of the bill of sale in your filing cabinet. You must be able to prove that the vehicle does not belong to you should the buyer choose not to register the vehicle and it ends up abandoned in a compound somewhere. You could be held liable for storage charges. | ||
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