• Home
  • Selling Your Car to a Friend: What Paperwork Do You Need?

Selling Your Car to a Friend: What Paperwork Do You Need?

Buy here pay here
Selling your Car

Treat the sale of your used car to a friend the same as any other transaction. Here is a comprehensive list.

What paperwork will you need to sell your car to a friend?

  1. Title
  2. Release of Liability Form
  3. Bill or Agreement of Sale
  4. Warranty papers
  5. Service records

The vehicle’s title

Having possession of the title is ultimately the proof of ownership. So, you need to transfer your car’s title in original to your friend. For the next step, it is recommended that you keep a photocopy of the title in your possession and if possible, note down a few details about the car like odometer reading at the time of sale after communicating clearly with the friend.

Release of Liability

You will surely ask your friend to register the car after the purchase but you also need to walk over to your local DMV office to notify them that a transaction has happened. With the Release of Liability form or Notice of Transfer, you are basically notifying the authorities that you are no longer the owner of the car and not liable to any happenings surrounding the vehicle.

Bill or Agreement of Sale

Many states do not require you to make an Agreement of Sale during a private transaction but it is always better that you have one drawn out to stay on the safer side. With your friend, signing on a white paper with the relevant details jotted down should work, however, if your friend agrees, try to create a bill or agreement of sale on legal terms.

Warranty papers

If your car is still under the warranty timespan, your friend will obviously need all the papers to claim it after taking possession. Be sure to hand over all the manufacturer and dealer-provided warranty papers with the keys of the car. These are as important as the title to maintain good faith between you two.

Service records

Service Record

Hand over the detailed service records to help your friend take proper care of his/her new used car. Also, throw in the owner’s manual which contains clear instructions about maintenance schedules. This will save your friend a few bucks in both short-term and long-term repairs and create that feeling that he/she is indeed buying a quality car.

Keep an open mind while transacting with your friend. Be logical and expect rationality from the other side as well. The paperwork of the car needs to be clear from all angles as any loophole carries the potential of driving a wedge.

Summary

Disclaimer

The information provided on this website is for general informational purposes only. It is not intended to be legal, financial, or professional advice. The content on this site is based on our understanding of current laws, regulations, and practices as of the date of publication. We make no representations or warranties of any kind, express or implied, about the accuracy, reliability, suitability, or availability of the information contained on this website.

Visitors are encouraged to seek professional advice from qualified professionals regarding their specific situations. Any reliance you place on the information provided on this website is strictly at your own risk. We do not assume any responsibility or liability for any loss or damage incurred as a result of the use of this website or reliance on the information provided herein.

Furthermore, this website may contain links to external websites that are not under our control. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, we take no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please consult with qualified professionals and carefully review all terms and conditions before making any financial or legal decisions. We recommend conducting thorough research and seeking personalized advice to ensure that any actions you take are suitable for your individual circumstances.

Family Auto of Fountain Inn

How much is your
car worth ?

Trade your Car Today
2024-05-25<=======