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Monday, June 2, 2014

Tips On How To Sell My Car In New Jersey

By Lila Bryant


It is not hard to sell your automobile. If you are understand the procedure you should be able to transfer the ownership in a short while. If you have never sold a vehicle before, it is advisable to research on the right steps to follow. Some of the things you need for a successful transfer include a bill of sale agreement and the title of your automobile. How to sell my car in New Jersey is a popular question among vehicle owners.

If you plan to sell your car in this state it is important to find a Motor Vehicle Commission near where you are. There are several steps you need to follow to transfer the ownership of your vehicle to another person. The first step that one needs to follow is finding the automobiles title. You should make sure the license plates are removed from the vehicle.

The next step is to draft the bill of sale agreement. This document should be between the buyer and you as the seller. There are details of both parties that must be included in the agreement. Make sure the phone numbers, addresses and names are included in the form. The vehicle details should also be in the document. Remember to quote the figure that you are selling the automobile for.

Other details like the mileage should also be on the document. The agreement should be signed by both the seller and the buyer. This should take place when a notary is witnessing. Make sure you have a bill of sale agreement that is well drafted. It is important to have the dates alongside the signatures so that the document is official.

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 should give the buyer a copy of the bill of sale agreement, title and the car keys. Tell the buyer to visit the MVC before ten days to avoid paying fees that are charged thereafter. The new owner is required to sign the back of title as well.

The back of the title should also include his drivers license number. The buyer should carry fees for registration and sales tax. He should also have an insurance card that is valid as well as the copy of bill of sale agreement. You have to pay the registration fee for the transfer to go through.

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.




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