old guy wrote: like any vehicle take the new buyer along with the paper work to the dmv and change over the title so you are not responsible for it any more. every thing I have sold I take in and get it changed before he gets the vehicle. if he does not go in with me then he doesn't get the vehicle.
Probably not a big deal. Offer it for sale, buyer gives you money, assign the title to the new owner. It is their responsibility to change the title into their name and pay whatever tax that state requires when the go to the dmv.
No different than any other vehicle sale. Sign the back of the title,give the buyer the title and the lien release letter from the bank collect your money. Write an as is where is bill of sale,pull your plates and send him down the road.
He will pay the tax when he goes to register it,if you are selling it well below book value,you can download an Affidavit of sale from the DMV web site,but you don't even need that.
In Ohio it is the same as selling any other titled vehicle. Sign the title in the presence of a notary public, hand title to buyer while collecting money.
If there is a loan on the vehicle you need to go through the loan company and follow their requirements.
Even if you are on the right track, you'll get run over if you just sit there.
- Will Rogers, American actor
We have sold several vehicles to personal buyers. As someone else mentioned, be sure to use the words as is and VIN Number on the bill of sale. Get a signature and deal in cash.
You particularly need copies of some bill-of-sale dated and timed, maybe even notarized stating you released the vehicle to buyer ---
Otherwise, if the buyer doesn't go directly to RMV, and drives it, tows it, and hasn't yet changed title, then you are still titled in RMV, and therefore, if buyer damages something or someone, you are still owner ... So make sure YOU have signed sale and transfer.
SO, I'd makes sure you have all the sales docs signed too - if you don't have that, no way to prove when it was no longer your vehicle. Liability in this day and age is always a big issue with vehicles.
monkey44 wrote: You particularly need copies of some bill-of-sale dated and timed, maybe even notarized stating you released the vehicle to buyer ---
Otherwise, if the buyer doesn't go directly to RMV, and drives it, tows it, and hasn't yet changed title, then you are still titled in RMV, and therefore, if buyer damages something or someone, you are still owner ... So make sure YOU have signed sale and transfer.
SO, I'd makes sure you have all the sales docs signed too - if you don't have that, no way to prove when it was no longer your vehicle. Liability in this day and age is always a big issue with vehicles.
That's one of the things that is nice about living in a state where the license plates stay with the seller, not on the vehicle. When I sell a vehicle (ANY kind of vehicle), the first thing I do after the papers are signed and the money changes hands is remove the license plates. The Bill Of Sale and/or the signed Title is the buyer's "temporary registration" (40 days), and I have no further liability for the vehicle.
Now, if the State DMV or MVD has a portion of the title that is to be torn off and sent to the state when a sale is completed, and the seller "forgets" to do that, you bet, he is setting himself up for possible problems!
I made the mistake of "being a nice guy" years ago, and, at the request of the buyer, left the plates on a car I sold. A month or so later, a deputy sheriff was at my door, wanting to know why I drove off without paying for gas at a convenience store in town. Luckily, I had a copy of the Bill Of Sale to prove I had sold the car. I have never left the plates on a vehicle since then!
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Plates stay with us too, in MA ... but I still get a signed statement on delivery for any vehicle I sell. Even keeping the plate, and turning it in, only means it's not on the vehicle anymore, it doesn't prove you sold it.
I never want to 'have to prove it' after the fact in court. Usually, a signed and dated BOS copy, with original wet-signature, not a copy, will short circuit any sheriff comes to your door.
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