Tips On How To Sell My Car In New Jersey

Selling an automobile is not so hard. If you know what to do it is a matter that should take no more than a business day. You need to find out all the information regarding sale of cars before you can start the process of transferring ownership of your motor vehicle. You need a bill of sale as well as the car title for successful transfer of ownership. How to sell my car in New Jersey is a question many people ask themselves.

The first thing you need to do is find a Motor Vehicle Commission. There are guidelines that you need to know before you can embark on the process of transferring your car to a new owner. You should start by finding the title of your vehicle. Remove the license plates from your automobile since you are selling it.

A bill of sale agreement should follow. This is a document that is shared between the buyer who is purchasing the vehicle and the seller. The agreement should have details of both parties. It should have addresses, phone numbers and personal data. The document should also have details of the car in question. The price of your automobile should be well stated in the bill of sale agreement.

The bill of sale agreement should have the mileage. You need to sign the document together with the buyer. It is necessary to have a notary witness this. Draft a good bill of sale agreement and find a notary who you can rely on. It is important to have dates included in the bill of sale agreement.

After signing the document in the presence of a notary you can now ask for the payment in the form that you prefer from the buyer. As the seller you need to sign the back of the title. You need to include the address, date and name of the buyer. Include the price you are selling the car for as well as the odometer reading. The laws of New Jersey allow you to sell the car without having to visit the MVC with the person buying the vehicle.

You can give the buyer the vehicle keys, a copy of the bill of sale agreement and the title. Inform the buyer to report to the MVC in New Jersey before the end of 10 days. The buyer will be required to pay a fee if he comes after the stipulated time.

It is mandatory for the buyer to sign the back of the car title as well. He should also include the number of his drivers license. The sales tax needs to be paid for by the buyer. Other than that a copy of the bill of sales agreement and a valid insurance is required. The person buying needs to cater for the registration fee as well.

The individual buying the vehicle will get a temporary tag as he or she waits for new plates. As the seller you should return your plates at a Motor Vehicle Commission agency. In this state you can also use the same plates on another vehicle if you wish.