Edmunds Answers

Answers

  • mr_shiftright 07/03/08 4:34 pm PST

    Pretty simple in most states. You could ask your DMV for particulars, as each state varies a bit. I'd suggest that unless you get another reply from someone in Texas that you don't assume that one state's method of selling a car is exactly like another's.

    For instance, some states require the plates to be removed prior to sale, in other states, like California, the plates go with the car.

    In general, you sign over the title when and only when you get your money. You should also make two copies of a Bill of Sale (you can download this from Texas DMV), keep one, give one to the new owner stating that the car is sold AS IS. Never turn over a title without full payment.

    But by all means, call or visit your DMV and ask for a pamphlet on selling your car.

  • rearwheeldrive 07/03/08 4:39 pm PST

    I dont sell cars but ocasionally Im buying one. I like to have cash too. and get it from the person bank. Thats the way I buy them. As soon as my friends want to buy my car they bring up payment plan and that kills the deal. Do the deal on a weekday during business hours. Also have your title ready to go. Im always waiting on the seller to dig up the title. That the first thing I like to look at to verify vin and check recent mileage. Also get there ID and bring someone along with you for a test drive, for safety reasons. Try to start a rapport with them like someone you might meet on a vacation or a special event.

    Do research on your own car through consumer reports and point out the good stuff. Dont say much it makes buyers nervous like your tring to oversell the car. Get the blue book value for milage and condition.Pay someone to buff the paint and detail it if needed.

    Source: 

  • steve_ 07/03/08 5:13 pm PST

    The State of Texas has a FAQ page that includes information on selling a car in Texas.

    That page also links to a couple of forms you'll need to fill out to get the title transfered. (Edit - TX changed their FAQ pages so you may to search around - one of the worst DMV pages I've seen).

    Don't forget to check with your insurance company too - you don't want to be on the hook if the new owner wrecks the car while it's still officially titled to you.

    Source: 

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