How do I protect myself when selling a car?
Proper steps to take to protect yourself when selling your used car
- Fill out your state’s Notice Of Sale form.
- Don’t let the buyer take your license plates, they must bring their own.
- Always confirm the person buying your car has a valid driver’s license.
- Confirm the person buying your vehicle has valid car insurance.
Is it OK to accept cash when selling a car?
Don’t sell them the car. It’s as simple as that. No legitimate buyer is unwilling to go to a bank with you. It’s true if you deposit more than $10,000 in cash your bank has to report the transaction, but this shouldn’t be a concern as long as you keep the paperwork from the sale.
What do you need to do when buying a car privately?
- Before seeing the car, look up the fair market value of the vehicle using Kelley Blue Book.
- Ask the seller for the mileage on the car so you can do your research.
- Ask the seller for service records.
- Check the registration.
- Deal with local sellers, if possible.
- Check the VIN on the car against the paperwork.
How do I sell my car safely?
Here are four tips that will help you sell your car safely.
- Screen Potential Buyers Before Agreeing to Meet with Them.
- Meet in a Public Place.
- Take Precautions on the Test Drive.
- Be Cautious When Sharing Service Records.
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