The procedures and approach for selling a car online vary by state. Discover how to sell your used car or truck in Vermont confidentially.
If you reside in the Vermont Lowlands, the Vermont Valley, the Vermont Piedmont, the Green Mountains, the Taconic Mountains, or the Northeast Highlands of Vermont and want to sell your old automobile or truck privately, you've come to the perfect spot. With an estimated 300,000 trucks and vehicles registered in Vermont, it's no surprise that cashofrcarsinc.com has assisted thousands of individual vehicle sellers in the Green Mountain State in selling their cars. We've explained the five stages and needed documents for how to sell a car in Vermont below so that you can sell your vehicle fast and for the maximum amount of money.
Remember that most states regard the car title as a legal document, so use the legal names (no nicknames) of both individuals involved as well as legible handwriting in black or blue ink. Mistakes, typos, and the use of white-out may render the document null and worthless, so be cautious and take your time filling it out.
Step 1: Allow the buyer to have a third party assess the vehicle
Many private vehicle buyers pay for a pre-purchase vehicle check performed by a skilled and certified auto technician of their choice. Although the buyer pays for the inspection, the seller and buyer must agree on the date and location of the inspection. If the inspection reveals any problems with the vehicle, you should save the report for your records as the seller. Vermont does not require this inspection, and there are no documents to fill out, but it is a good idea for the buyer to have it completed prior to the purchase.
Step 2: Organize and collect all vehicle papers
Find all maintenance records, the owner's manual, and other vehicle-related papers. If you can offer the buyer extensive and thorough maintenance documents, it will give the buyer confidence that the automobile has been properly and regularly maintained. You should also think about providing a car history record from a provider like CarFax or AutoCheck.
The title certificate is the most critical document to have when selling an automobile. If a lien exists on the title, the lienholder must release interest in the vehicle before it may be sold. This can be accomplished by selling the automobile, either by paying it off or obtaining a lien release from the lienholder. Form VT-08 is the official lien release form for the state of Vermont, and it must be filed along with a $35 fee.
Step 3: Create a Bill of Sale
For private vehicle acquisitions in Vermont, both the buyer and seller must complete a bill of sale. Form VT-005 is the official Vermont bill of sale, and it includes the following information:
- Vehicle Year, Make, and Model
- Vehicle Identification Number (VIN)
- Vehicle Color
- Sale Date
- Purchase cost
- Speedometer reading
- Name, address, phone number, email address, and signature of the seller(s).
- Name, address, phone number, email address, and signature of the buyer(s).
After the bill of sale is completed and signed, the seller should create a duplicate and keep it as confirmation that the automobile has legally changed hands. The National Highway Traffic Safety Administration's (NHTSA) odometer disclosure standards, which affect some private car purchases in Vermont, were amended in December 2020. Any vehicle of the model year 2011 or newer (2012, 2013, etc.) that is transferred between January 1, 2021, and December 31, will require an odometer disclosure. Beginning January 1, 2031, every vehicle less than 20 model years old will be required to have an odometer disclosure. Previously, the NHTSA only mandated disclosure for the first ten years. Cars manufactured before 2010 are exempt from odometer disclosures. Again, Vermont's DMV's official Bill of Sale form serves as an odometer disclosure declaration.
Step 4: Change the title
If the vehicle's title is lost, stolen, or severely damaged, you can obtain a replacement or duplicate Vermont title by completing Form VT-04. A duplicate title can be obtained by submitting that paperwork to the DMV along with a $35 fee. A car may have an exempt vehicle title if it is more than 15 years old and the owner is a Vermont resident.
Both the buyer and the seller must complete the applicable areas on the back of the title. This information contains the buyer's and seller's legal names, addresses, and signatures, as well as the date of the transaction and the odometer reading. When this is filled out correctly and legibly, the buyer can easily transfer registration and obtain a new plate. If more than one seller is listed on the title and their names are separated by "or," just one of the sellers is required to sign the car title in order to transfer it to the buyer. If the title lists more than one seller and their names are separated by "and" or "and/or," both sellers must sign the title before it is transferred to the buyer. If nothing separates the names of the owners, both must sign. The same is true for many purchasers.
If you want to give an automobile to a relative, you can transfer the title using the identical procedure described below. It's a similar process to inheriting a car, but you'll need to file proof of the inheritance with the county along with the title of the vehicle in question. This process can be sped up by completing the Transfer on Death form (VT-007) ahead of time. Furthermore, Vermont gives this information in the event of the death of a vehicle owner.
Step 5: Take off your license plates and cancel your insurance
Before passing over the car to the buyer, the seller must remove the license plates. If you do not, you may be held accountable for any infractions that occur after the buyer takes ownership of the car. After selling your car, you have the option of transferring the license plates to another vehicle by completing parts 1–8 of Form VD-119. To avoid paying for insurance on a car you no longer own, cancel your insurance as soon as you remove your plates.
Visit the Vermont DMV website for further information.
The Easier Way to Sell Your Car
Now that you've learned everything there is to know about selling a car in Vermont, it's time to determine where to list it. Cashforcarsinc.com makes it simple to sell your car. With ready-to-sign state documentation, encrypted chat, and more, our platform provides all the tools and recommendations you need to make the transaction a breeze.
