1.Carfax vehicle history 2.Warranty on car 3.Odometer statement yr make model buyer/seller name address signature mileage notarized 4.Title sign the back/ they get a new title in their name to transfer ownership of payments owed that has to be taken care of through the bank 5. Bill of sale as is sale is final date signature notarized 😊
**California residents** Many of these documents depend on state law (as he stated in the video). In California, for example, you do not need an odometer disclosure statement, because that information will be filled out on the title when you sell your car. The title, once completed and signed, serves as the "bill of sale". You should make a copy of that because the new owner will take that title to the DMV to get his own title and plates. Also, you are required to send the DMV a "Notice of Release of Liability" within FIVE DAYS of the sale. This notifies the DMV you no longer own the car so you won't be held criminally liable for any parking tickets or red light camera tickets or carpool lane tickets, etc. This is for California only.
Thank you so much for this clarification. Would you possibly know what to do on the vehicle insurance policy removal? Do I need to submit anything to the dmv
@@LSJOJ Nope, you don't need to notify the DMV of your insurance status when you sell the car. Only when buying a car. So just contact your insurance company and cancel. Simple as that.
@@LA_Commander is it okay if I contact them a day after I sell the car? Or must it be the same day. One more question if you don’t mind, I have my title with my information written and everything. Do I need a bill of sale aside from the my title or is that all I need to release me from liability? I’m so sorry for the bombarding of questions I simply have no clue and I’m selling my first vehicle tomorrow and the DMV are closed weekends.
@@LSJOJ Okay, the title itself serves as the bill of sale. You (the seller) and the buyer both sign and fill it out. Make a copy for yourself. It's up to the new buyer to take that title to the DMV and get a new one in his name. You have to complete a form called "release of liability" which is a separate form and mail it to the DMV or you can do it online at the DMV website. You will need the buyer's name and address, etc. This is why you keep a copy of the completed title. Yes, you can contact your insurance company the next day, that is up to you.
Greetings Rodney, I am selling my car and have been advise to only have the title ready and this just didn't sit right with me. Your video is easy to understand, to the point, clearly stated and you provide the resources. Thank you.....This is exactly what I needed to learn, specially the "as is" statement. Thank you, thank you, thank you! You found your path......congratulations! I look forward to seeing more of your videos. Peace
Before allowing test drives, you may want to check with your insurance company to see if you have “permissive” driving included in your policy. Also, when a prospective buyer shows up to test drive, if possible meet, at a police station and also take a pic of their drivers license.
This is definitely helpful I have a friend of mines is thinking about selling his car and I am saving up for it just in case he does sell it thank you for making this video I just need a better understanding on selling a car privately
What is the best practice if the buyer wants to test drive the car? Should I take a picture of his driving license? What if drives and we have an accident? Thanks for the video.
Thank you so much for the info. can I ask if I need to pay capital gain tax when I sell a gifted car. I got this car for free from my parents basically I paid 0$ on the car a couple years ago. and now Im selling it for 7k. do I need to pay tax on 7k profits?
What paperwork, other than a release of liability do I need to submit, or have signed by the buyer for a car that is not registered and needs a catalytic converter? I’m basically selling as is, for parts right? I know I need the release of liability, but anything else that specifically states it’s being sold as-is, for parts etc? Thanks for your help ❤
This is just the information I need to get ready to sell my car. My car is already paid off. I’m in Georgia , so does the information inside the box on the Bill of Sale regarding taxes apply and need to be filled? Excuse my ignorance and thank you in advance.
What if we did our own maintenance on it and there is no record? Ie, changed our own oil, rotated our own tires, changed our own break pads and routers.
you dont have to.. juat sign the title and take the money.. no need to do anything.. 2 people just signed the paper saying you accepted the money and she is taking ya car. Very simple process
Do you really need an odometer statement? Or is just the title fine? Also, would I need to go to the DMV to do anything or just handing the title signed to the new owner is all?
Hi please respond I am selling me car to private buyer. After we do title transfer as a title center am I responsible for the car? The agency said it will take about a day for it to transfer over. The guy buying don’t have insurance or plate
Very insightful and informative. But i’m on the opposite ends(buyer). I’m buying a car for the first what i should be looking out for most especially on the car title, and situations where seller doesn’t reveal liens and all. How do I notice all this. Thank you
Im selling my car privately. Have a clean title in hand. But I want to place a Lien on the title since im going to be recieving payments from the Buyer. How do I go about doing this? I live in SC thank you
Yes, I was thinking the same thing. That's super important to file with the DMV after you sell your car. Otherwise, you could end up being held responsible for tickets, accidents, and all kinds of problems caused by an irresponsible driver who's doing all of it in "your" car.
Hi i have a question. I purchased a used car last 2 months but because of the COVID I haven’t had a chance to transfer my mame to the car and now i want to sell the car to the others. What do i need to do ? Thank you so much.
After you close deal what is the process to protect yourselft. for instance you remove the plates, insurance, but the car title is still on your name, if the buyer has and acccident or similars. besides to have all this documents there is other way to protect myselft ot these doc are suffice.
I did an as is bill of sale and the buyer wants to take legal action against me. I’m in California. He took the car for inspection after the sale was done. They found rust underneath the car. So now he wants to take legal action
I didn't hear you mention the lien release. In AZ this is also a document you should get from your loan company before meeting with a buyer who is ready to purchase.
So how does the sale work if someone is financing to buy your car? Say I’m selling a car for 35k that I paid 30k for. Do they provide 35k check from their bank loan? Or do they wire to my bank. Or if we just do a transfer, then they pay me the difference while they pay the bank the remainder?
I would contact your lender and tell them you are selling the car. Tell them $35K will be coming from the buyer to pay off the loan. The extra 5K should be returned to you in the form of a check from the lender. Tell them you want the title released into the buyers name after it is paid off. See if your lender will do that or something similar.
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1.Carfax vehicle history
2.Warranty on car
3.Odometer statement yr make model buyer/seller name address signature mileage notarized
4.Title sign the back/ they get a new title in their name to transfer ownership of payments owed that has to be taken care of through the bank
5. Bill of sale as is sale is final date signature notarized 😊
He didn’t mention if or when the license plates should be removed.
Thanks bro, that was easy to screenshot for a quick reference later
**California residents** Many of these documents depend on state law (as he stated in the video). In California, for example, you do not need an odometer disclosure statement, because that information will be filled out on the title when you sell your car. The title, once completed and signed, serves as the "bill of sale". You should make a copy of that because the new owner will take that title to the DMV to get his own title and plates. Also, you are required to send the DMV a "Notice of Release of Liability" within FIVE DAYS of the sale. This notifies the DMV you no longer own the car so you won't be held criminally liable for any parking tickets or red light camera tickets or carpool lane tickets, etc. This is for California only.
Thank you so much for this clarification. Would you possibly know what to do on the vehicle insurance policy removal? Do I need to submit anything to the dmv
@@LSJOJ Nope, you don't need to notify the DMV of your insurance status when you sell the car. Only when buying a car. So just contact your insurance company and cancel. Simple as that.
@@LA_Commander is it okay if I contact them a day after I sell the car? Or must it be the same day. One more question if you don’t mind, I have my title with my information written and everything. Do I need a bill of sale aside from the my title or is that all I need to release me from liability? I’m so sorry for the bombarding of questions I simply have no clue and I’m selling my first vehicle tomorrow and the DMV are closed weekends.
@@LSJOJ Okay, the title itself serves as the bill of sale. You (the seller) and the buyer both sign and fill it out. Make a copy for yourself. It's up to the new buyer to take that title to the DMV and get a new one in his name. You have to complete a form called "release of liability" which is a separate form and mail it to the DMV or you can do it online at the DMV website. You will need the buyer's name and address, etc. This is why you keep a copy of the completed title. Yes, you can contact your insurance company the next day, that is up to you.
@@LA_Commander life saver! Bless you. You saved me from such an confusing situation thank you so much !!
This is the selfless content I’m talking about. Appreciate your humanity and help Rodney.
Brief, direct, packed with information, and no irrelevant fluff that race time. Excellent video.
Bro I have been looking at bullshit articles & videos about asking to test drive for hours. THIS IS THE IMPORTANT STUFF. THANK YOU 🙏🏼
thanks for watching!!
This was very helpful for a first time seller
Thank you, thank you, thank you! About to sell a car for the very first time and this is exactly the information I needed!
Don't know if you still are but what state you are in and what you selling if you can give the basics.
@@DragoMusivini Bro it's literally all in this video wtf lol
@@MrFartyman44 you must can’t read. He asked the person who commented above if they were still selling their car. Rude as hail
You don’t know how great this video is, short sweet and to the point! You are literally the only one I found out of dozens of videos
Greetings Rodney, I am selling my car and have been advise to only have the title ready and this just didn't sit right with me. Your video is easy to understand, to the point, clearly stated and you provide the resources. Thank you.....This is exactly what I needed to learn, specially the "as is" statement. Thank you, thank you, thank you! You found your path......congratulations! I look forward to seeing more of your videos. Peace
This video is excellent! Straightforward and clear. Thank you, Rodney!!
Hey Rodney, thank you for this video. I have more confidence now selling my car privately. Thanks to you.
I’ve watched so many videos on this that just went in circles. Thanks for this concise and informative video
Great video! Short, concise and to the point. All my questions were answered here!
Glad it was helpful!
Excellent presentation. Very comprehensive and easy to understand and follow. Well done. Thank you.
First time seller here from Florida! Thank you!
Thank you for the information!
Do you have any advice for safely doing test drives with potential buyers?
Did you ever get a good solution to this? I was wondering the same thing, after having a bad experience
Before allowing test drives, you may want to check with your insurance company to see if you have “permissive” driving included in your policy. Also, when a prospective buyer shows up to test drive, if possible meet, at a police station and also take a pic of their drivers license.
Incredibly helpful…and thank you for getting to the point!
Direct, precise and all the info you need. Thanks for this grreat vido!
This video is quick easy and straightforward. Explains a lot
Amazing video! You were clear and to the point 👊🏽✅.
Solid job on the hashtags btw. That’s how I found your video 🙌🏽
Thank you so much🙏 for the value information and for the links. This is going to help me to sell my car, this video was what I was looking for. 👌❤
Rodney, this is top tier explanation. Thank you!
This is definitely helpful I have a friend of mines is thinking about selling his car and I am saving up for it just in case he does sell it thank you for making this video I just need a better understanding on selling a car privately
Great info, especially the as-is document. great info. thank you.
Hey brotha, Awesome Video thanks for making this. The links were great too!
Wow, your video is super helpful, Rodney. Straight to the point and with links. Thanks so much for the info. Be well
Thank you so much! Answered all my questions in your quick and thorough video. Very much appreciate you!
Thank you for the information, Rodney. This is very helpful.
Thank you for sharing this valuable information!!! Much appreciated 🙏
This was very helpful. Thank you.
Thank you for this very informative video. The paperwork is what I needed to know about.
Dude you have no idea how much this video helped me 👍
Just subscribed and hit that bell! Thanks fam! Great video!
Thanks for the sub!
What is the best practice if the buyer wants to test drive the car? Should I take a picture of his driving license? What if drives and we have an accident? Thanks for the video.
Thank you Brutha. You have a quality content.
Thank you for the knowledge! 👊🏾
Thank you so much Rodney!!
Very helpful/useful information. thank you
straight to the point video. Thanks!
Thank you for this to the point information.
I had the phone down and I could swear that was Denzel telling me how to sell a car.
do you need bill of sale from private seller or the title should be good
Awesome video this is exactly what I was looking for!
Glad I could help!
Very nice! Thanks for the information👍
Thank you for the information. Hello from California 😊☀️
Thank you, Rodney!!
Thanks for the vid, extremely helpful
Thank you Rodney 💯💯💯
Rodney how do I make agreement between the seller and buyer if somethings go wrong after purchased
Thank you Sir Rodney! So helpful!
This is a really good video, fantastic.
Thank you so much for the info. can I ask if I need to pay capital gain tax when I sell a gifted car. I got this car for free from my parents basically I paid 0$ on the car a couple years ago. and now Im selling it for 7k. do I need to pay tax on 7k profits?
What paperwork, other than a release of liability do I need to submit, or have signed by the buyer for a car that is not registered and needs a catalytic converter? I’m basically selling as is, for parts right? I know I need the release of liability, but anything else that specifically states it’s being sold as-is, for parts etc? Thanks for your help ❤
Great informative video for a first time seller.
Great video Sir!
What if you have an Auto mecanic which wants to buy it as is, & you bought the car w cash But can't find the Title
well organized and helpful, thanks :)
le me, not knowing i need to go get a new title (have the one from my grandma signed but that's it)
Great video!! Where can i get a the legal bill of sale form and what websites do you recommend for selling a used car fast?
Very thorough, thank you!
Thank you for your help!
This is just the information I need to get ready to sell my car. My car is already paid off. I’m in Georgia , so does the information inside the box on the Bill of Sale regarding taxes apply and need to be filled? Excuse my ignorance and thank you in advance.
What about the plate should I return to DMV?
What if we did our own maintenance on it and there is no record? Ie, changed our own oil, rotated our own tires, changed our own break pads and routers.
I came here to ask this
Rodney, do I have to go to the notary with them after I sign the title?
I need to know this as well
you dont have to.. juat sign the title and take the money.. no need to do anything.. 2 people just signed the paper saying you accepted the money and she is taking ya car. Very simple process
Very helpful! Much appreciated
I thank you sir. Very clean explanation.
If I’m just selling it to my husband what do I need? I’m sure I don’t need everything that was mentioned in the video. Thanks in advance
Thanks Rodney!
thank you for this info
Do you really need an odometer statement? Or is just the title fine? Also, would I need to go to the DMV to do anything or just handing the title signed to the new owner is all?
No, you don't. That depends on the state. With his accent, he sounds like from the East Coast, and may not be aware of laws here in the West.
@@LA_Commander it says in the info it's the requirements for selling in CA
@@tyshomes93 Again, it varies from state to state. We don't know where "Brown Saint" is from, at least he didn't mention it in his comment.
Nooice. Thanks buddy.
Do i need to pay sels tax for private party sels? How and where
I really appreciate this.
In Kentucky all the forms are on the back of the title
Hi please respond I am selling me car to private buyer. After we do title transfer as a title center am I responsible for the car? The agency said it will take about a day for it to transfer over. The guy buying don’t have insurance or plate
Great information
Very insightful and informative. But i’m on the opposite ends(buyer). I’m buying a car for the first what i should be looking out for most especially on the car title, and situations where seller doesn’t reveal liens and all. How do I notice all this. Thank you
Where do I get as-is bill of sale?
Im selling my car privately. Have a clean title in hand. But I want to place a Lien on the title since im going to be recieving payments from the Buyer. How do I go about doing this? I live in SC thank you
Thank you so much my brother!
How do we file taxes on the income we make after the sale. For example, my lease still owes 41,000 and I'm selling it for 41,000 500
I saw your links to my questions. Thank you for your video. It was really helpful. Do I also need a release of liability?
Yes, you do!
Yes, I was thinking the same thing. That's super important to file with the DMV after you sell your car. Otherwise, you could end up being held responsible for tickets, accidents, and all kinds of problems caused by an irresponsible driver who's doing all of it in "your" car.
Hi i have a question. I purchased a used car last 2 months but because of the COVID I haven’t had a chance to transfer my mame to the car and now i want to sell the car to the others. What do i need to do ? Thank you so much.
Question: how do you go about trading one car for another? Private trade.
Thank you, sir!
Great video, thanks pal
No problem 👍
Thank You Sir ! Very helpful
Excellent informative video!
How should you accept payment? Is personal check ok?
Certified Bank check
After you close deal what is the process to protect yourselft. for instance you remove the plates, insurance, but the car title is still on your name, if the buyer has and acccident or similars. besides to have all this documents there is other way to protect myselft ot these doc are suffice.
I did an as is bill of sale and the buyer wants to take legal action against me. I’m in California. He took the car for inspection after the sale was done. They found rust underneath the car. So now he wants to take legal action
If I buy a car to sell privately, do I need to cover it on insurance, and is there a special way to register it for that situation?
Is this all what I need for the state of Virginia?
Thanks Rodney
What About LP? Can I keep my license plate?
Thanks dad
I didn't hear you mention the lien release. In AZ this is also a document you should get from your loan company before meeting with a buyer who is ready to purchase.
You only need a lien release if the title shows a lien holder.
So how does the sale work if someone is financing to buy your car? Say I’m selling a car for 35k that I paid 30k for. Do they provide 35k check from their bank loan? Or do they wire to my bank. Or if we just do a transfer, then they pay me the difference while they pay the bank the remainder?
I would contact your lender and tell them you are selling the car. Tell them $35K will be coming from the buyer to pay off the loan. The extra 5K should be returned to you in the form of a check from the lender. Tell them you want the title released into the buyers name after it is paid off. See if your lender will do that or something similar.
@@RodneySamuels Thanks so much!
Excellent Job sir:)