This will be my first time to both buy and sell a car to and from an individual rather than trading a car in and getting a new car from a car dealership. I am buying my daughter a car from an individual and then I’m going to sell her current car to an individual. The questions are the following:
1). What documents do I need to get from the seller, besides the blue title and bill of sale? Once I have the needed documents I believe I am then supposed to take them to our local county tax office to have the vehicle registered and titled in my name.
2). Similar to the above, I believe I will just need to provide the buyer of my daughter’s car with a signed blue title and bill of sale, but just want to confirm nothing else is needed on
my part.
Regarding payment, I am planning on purchasing the car for my daughter with a cashier’s check, and was planning on requiring the buyer of my daughter’s car to also pay with a cashier’s check. Estimated value of her car is $11,000, so I am concerned about accepting that much in cash both for safety and potential counterfeit currency reasons. The question is, how do I verify the cashier’s check is legitimate and not a fake. Should I meet the buyer at his/her bank and have the cashier’s check prepared in my presence, or is there another recommended method of payment I consider before I hand over the title and bill of sale.
Finally, I am open to any suggestions you guys can offer when considering everything from advertising, disclaimers (i.e. “as is, no warranty”), meet up locations, letting buyer test drive it, take the car to a mechanic for inspection, removing license plates, and any other recommendations you guys can think of. I just want to avoid any pitfalls that some of you may have experienced.
1). What documents do I need to get from the seller, besides the blue title and bill of sale? Once I have the needed documents I believe I am then supposed to take them to our local county tax office to have the vehicle registered and titled in my name.
2). Similar to the above, I believe I will just need to provide the buyer of my daughter’s car with a signed blue title and bill of sale, but just want to confirm nothing else is needed on
my part.
Regarding payment, I am planning on purchasing the car for my daughter with a cashier’s check, and was planning on requiring the buyer of my daughter’s car to also pay with a cashier’s check. Estimated value of her car is $11,000, so I am concerned about accepting that much in cash both for safety and potential counterfeit currency reasons. The question is, how do I verify the cashier’s check is legitimate and not a fake. Should I meet the buyer at his/her bank and have the cashier’s check prepared in my presence, or is there another recommended method of payment I consider before I hand over the title and bill of sale.
Finally, I am open to any suggestions you guys can offer when considering everything from advertising, disclaimers (i.e. “as is, no warranty”), meet up locations, letting buyer test drive it, take the car to a mechanic for inspection, removing license plates, and any other recommendations you guys can think of. I just want to avoid any pitfalls that some of you may have experienced.
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