What You Need to Know Before Selling Your Used Car

Before selling your used car, it’s important to consider the following:

1. Title and registration: Make sure you have the title and registration for the car, as these will be necessary for transferring ownership to the buyer.

2. Vehicle history report: Consider getting a vehicle history report to show potential buyers, which can provide information about the car’s accident history, maintenance records, and more.

3. Current market value: Research the current market value of similar cars to determine a fair price for your used car.

4. Repair and maintenance: Consider making any necessary repairs and completing any necessary maintenance before selling the car to increase its value and appeal.

5. Sales tax: Research your local sales tax laws and regulations, as you may be required to collect sales tax from the buyer when selling your used car.

6. Liens and loans: If you have a loan or lien on the car, make sure you have paid it off or have a plan in place to pay it off before transferring ownership.

7. Advertising laws: Be aware of any advertising laws, such as truth in advertising laws, which require you to provide accurate and honest information about the car when advertising it for sale.

8. Vehicle inspections: Some states may require a vehicle inspection before selling a used car. Check with your local Department of Motor Vehicles for more information.

9. Warranty: If your used car is still under warranty, make sure to transfer the warranty to the new owner or include information about the warranty in the sale agreement.

10. Insurance: Make sure you have cancelled your insurance policy for the car once the sale has been completed and ownership has been transferred.