People sell their cars for many reasons. It can be because they want to purchase a new model, people are moving and donít want to take their old car with them or they are unable to repay the loan. Be it any reason, there are certain conditions to be met to increase the sale value.
Before you sella carany minor mechanical problems present should be fixed. The sale should be legitimate and for this it is important to known some information about the Stateís title transfer process so as to avoid any problems that may arise while you are buying a car .The first rule to be followed in this process is to get the car insured. It is the responsibility of the seller to provide insurance for the first 30 days during which the car title is transferred. After the 30 days period it is the responsibility of the buyer to get his car insured.
The second step to sell a car after the insurance is taken care of is getting the payment from the person who purchased your car. To be on the safer side it is advisable to accept only cash, money order or bankerís check in order to make sure that you get your money without fail. If the car you are selling is a new car and the buyer needs finance then, it is the responsibility of the buyer to get finance and pay you the full amount. This helps you in giving up the vehicle completely and even if the buyer does not repay the loan on time it would not be your responsibility in any way.
Another important step to take to sell a car is transfer of the title document to the buyer. There is a section where the seller should sign to hand over the title to the buyer. The buyer should be given the bill of sale which should contain the date of sale and the detailed description about the vehicle sold. The amount taken from the buyer should also be mentioned and clearly stated as paid in full. This prevents any problems that might arise in the future.
When you sell a car an application form from the countyís tax assessor should be obtained. Form 130-U is the form that has to be filled in and submitted to the countyís tax assessor along with the title certificate within one month of the sale. This step legally completes the sale process. Another important thing is to get a Motor Vehicle Transfer Notification form. This form can be obtained from the Texas Department of Public Transportation. The main purpose to submit this form is to protect yourself from being linked to any unfortunate incidents like getting a parking ticket or any serious criminal activities related to the car you sold long ago.
With all the above tips followed, it would be easy for the person to sell a car. These should be followed without fail irrespective of whether the car is sold directly to the buyer or through a broker. Keeping the sale title clear is a very important step and is beneficial for both the buyer and the seller.
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