The procedures and approach for selling a car online vary by state. Discover how to sell your used car or truck in Kentucky confidentially.
If you reside in Kentucky's Cumberland Plateau, Bluegrass area, Pennyroyal Plateau, Jackson Purchase, or Western Coal Fields and want to sell your old vehicle or truck privately, you've come to the perfect location. With an estimated 1.7 million registered trucks and vehicles in Kentucky, it's no surprise that cashforcarsinc.com has helped thousands of individual vehicle sellers in the Bluegrass State sell their cars. The term "responsibility" refers to the act of determining whether or not a person is responsible for his or her own actions. Remember that most jurisdictions regard the car title as a legal document, so use both parties' legal names (no nicknames) as well as legible handwriting in black or blue ink. Mistakes, typos, and the use of white-out may invalidate the document, so be cautious and take your time filling it out.
If you want to transfer a title of car to a relative, use the identical procedure detailed below, and the owner must pay any relevant sales tax. Inherited automobiles will be handled when the estate is administered. In response to increased motor vehicle tax costs generated by pressure on the used car market, Kentucky lawmakers have suggested certain modifications in how those taxes are computed in January 2022.
Step 1: Allow the buyer to have a third party assess the vehicle
Many private automobile 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. Kentucky 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 thorough and detailed maintenance records, this will give the buyer confidence that you've maintained the automobile in an appropriate and regular manner. You should also think about providing a car history record from a provider like CarFax or AutoCheck. Paperwork Required Before Selling Your Car: Everything You Need to Know About.
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 performed either by the seller paying off the automobile or by the lienholder obtaining a letter of lien release. If you are unable to pay off the automobile, you must file a lien termination statement from your lienholder with your County Clerk.
Step 3: Transfer the title
If the vehicle's title is lost, stolen, or severely damaged, you can get a replacement/duplicate Kentucky title by completing Form TC96-182 and ticking the appropriate box (Lost, Damaged, Illegible, etc.). With that form filled out plus a title number or license plate number, a valid photo ID, and $6 plus the fee of a notary, you may receive a duplicate title. If the odometer has to be updated on the existing title, the seller must file an Affidavit of Mileage Correction, Form TC 96-322.
When selling an automobile privately in Kentucky, both the buyer and seller must fill out the necessary areas on the back of the title if they are both state citizens. This information comprises the legal name, address, and signature of the buyer and the seller(s), together with the date of the transaction, the odometer reading, and the purchase price. When this is filled out correctly and legibly, the buyer can easily transfer registration and obtain a new plate. If you're selling a car to a non-resident of the state, both the buyer and seller must complete and sign an Affidavit of Incomplete Transfer (Form TC96-3) in front of a notary public. Kentucky, like the majority of states, collects a motor vehicle usage tax whenever ownership of a vehicle is transferred. If the title shows more than one owner, the following number of signatures will be required based on the link between the names: Furthermore, all individuals specified must sign. Or/Either individual can sign, only one signature is necessary. Alternatively, both vendors must sign. If no connection is listed, it will default to "and," and all owners (sellers) must sign.
The seller must sign the title in the presence of a notary public in the Commonwealth of Kentucky. If you're not sure where to find a notary, you may search for a local notary by city, county, or zip code here. The buyer then takes the issued title, evidence of Kentucky insurance, their ID, and money for fees and necessary taxes to the county clerk's office, where ownership of the car is transferred.
The National Highway Traffic Safety Administration's (NHTSA of kentucky) odometer disclosure standards, which affect some private car purchases in Kentucky, 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, 2030, 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-mandated disclosure was for only the first 10 years. Cars manufactured before 2010 are exempt from odometer disclosures. On their website, Kentucky provides the Odometer Disclosure Form TC96-5.
Step 4: Take off your license plates and cancel your insurance
Before passing over the car to the buyer, the seller must remove their license plate. If you do not do so, you may be responsible for any infractions after the buyer has taken ownership of the car. In Kentucky, you must return the plates to your county clerk's office and pay any property taxes owed on that vehicle, if applicable. If you were a Kentucky resident and owned the car on January 1st of the current year, you may owe property taxes on it.
Make sure you cancel your insurance as soon as possible following the sale so you don't have to pay to insure a car you no longer own.
For more information, visit Kentucky’s official DMV website.
The Easier Way to Sell Your Car
Now that you've learned everything there is to know about selling a car in Kentucky, it's time to determine where to list it. Selling your car is simple with Cashforcars, Inc. 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.
