Question 1

What is a car title? Everything you need to know.

Accepted Answer

A car title is a legal document that shows who owns the vehicle and is required for registration or sale. It has vehicle identification number, make and year of purchase, price when vehicle was new, licence plate number, name and address of the registered owner, name of lien holder if vehicle is being financed.

Every time the vehicle's ownership changes or you permanently relocate to a new state, the title must be reissued.

Question 2

What are clean and salvage titles?

Accepted Answer

A clean title simply means that the vehicle has never been declared a total loss. It may, however, have mechanical issues, poor repair, and a history of minor to major accidents. Insurance companies will cover the full value of a vehicle with a clean title. You can also use it at the DMV to register your vehicle and obtain new licence plates. A salvage title is issued when a vehicle is damaged (most likely in an accident) and deemed a total loss by the insurance company. In that case, the vehicle cannot be registered or insured, and its resale value is extremely low.

Question 3

Selling a car without a title: is it doable?

Accepted Answer

You cannot legally sell your vehicle unless you have a title. If you do not already have a title, you must apply for one. For more information on obtaining a duplicate title, contact the DMV. You can also register the vehicle in Vermont because they only require the Bill of Sale and the registration tax. However, the vehicle must be more than 15 years old, and the Bill of Sale must include the buyer and seller's contact information.

Question 4

How do I calculate my car value?

Accepted Answer

There are authenticated online tools like VinAudit API that allow you to calculate the value of your car based on functionality, make, model, year, and other vehicle conditions. Furthermore, you can have your vehicle inspected by a certified dealer, who will explain everything that goes into determining the value of your vehicle in person.

Question 5

What documents do I need before the sale of my car?

Accepted Answer

The registration book, warranty book, service history documents, emissions test certificates, bill of sale, owner's manual, warranty documents, inspection sheet are all original and additional documents that your dealer may request.

Question 6

Can I trade a car that has not been paid off, such as a loan or lease?

Accepted Answer

Well, if the trade-in value of your car exceeds the current loan balance (positive equity), you're good to go—just pay off the old loan and apply the difference toward the cost of your new vehicle. However, if you owe more on your car than its trade-in value (negative equity) , you must make up the difference. In that case, it might be a better financial move to postpone the purchase until you've paid down your loan a little more. Selling to dealers is easier since they handle all the paperwork. If you want to sell it to a private buyer, you’ll have to contact your bank or the firm with their name on your vehicle’s title. The buyer and seller both have to visit a state agency to get all the documentation, sign the required paperwork and get the title transferred to the new owner.

Question 7

Selling a Car Privately vs. Selling to a Dealer: What should I do?

Accepted Answer

It is easier to sell your car to a dealer because the dealer handles all of the paperwork as well as repairing and detailing the vehicle. Though the time spent on these tasks may be deducted from the value of your vehicle, selling it to a dealer is a safe, simple, and quick option. They have analytical tools and professional folks to determine the value of your vehicle. Selling it to a private buyer, on the other hand, may entail the hassle of gathering all of the necessary paperwork, contacting and arranging a meeting with the buyers, safely transferring the title, and potentially costing you more time and money.

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Frequently Asked Questions

What is a car title? Everything you need to know.

What are clean and salvage titles?

Selling a car without a title: is it doable?

How do I calculate my car value?

What documents do I need before the sale of my car?

Can I trade a car that has not been paid off, such as a loan or lease?

Selling a Car Privately vs. Selling to a Dealer: What should I do?

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How It Works

Get Instant Estimate

Receive Personalised Offers

Find Competitive Deals

Tips & Guide for Sell Used Cars

How To Sell A Junk Car

How to Sell a Used Car In Wyoming?

How to Sell a Used Car In Wisconsin?

How to Sell a Used Car In West Virginia?

Frequently Asked Questions

What is a car title? Everything you need to know.

What are clean and salvage titles?

Selling a car without a title: is it doable?

How do I calculate my car value?

What documents do I need before the sale of my car?

Can I trade a car that has not been paid off, such as a loan or lease?

Selling a Car Privately vs. Selling to a Dealer: What should I do?

Please wait ...