Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

what needs to be done to complete a private car sale?

0
Posted

what needs to be done to complete a private car sale?

0

You simply sign the title over to the new owner. There is info and a signature block on the back of the title itself. You don’t want the driver of your old car to drive on your tags though. This could be a mistake. New owner takes the signed title to the motor vehicles department and they issue a new title to him in his name. If it is Virginia they stiff you for some taxes while they are at it. If it was a trade you need to know the “value” of the car so they have some basis for the taxes. If it were me I would do “bill of sales” between you two giving the car a value of $100 or so. You bought his car for $100 and he bought yours for $100. That may allow them to assess your taxes lower than the true value of the car.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123