Finish the Sale: Transfer the Title

A vital piece of buying or selling a car is the transfer of title. As DMV.org explains, if you buy at the dealership, most of the required paperwork will be handled by the dealership. However, if you’re selling your own vehicle, you may wonder about what paperwork you need and how to go about it.

If you are selling your car, you’ll need to legally transfer your title to the buyer. You’ll need your current drivers license, checkbook, insurance card, title or any lien release paperwork issued by the bank that holds your loan.

Also, make sure that your buyer has a valid drivers license, insurance card and checkbook. Title requirements vary from state to state. For state-specific information, visit DMV.org. This website has compiled the title information that specifically applies to your home state.

Some local car dealers will actually help you do this for a small fee, which can be a good option, especially if you might be concerned about safety when completing the transaction, or don’t have sufficient time to do it yourself.

Here’s a list of other helpful selling tips for you to use if you are selling your car yourself.