Selling your car yourself can be easy and profitable, especially if you start with an online ad on Kelley Blue Book. Even so, you’ll want to keep some essential things top of mind. Use our simple steps to help protect you and make the process go smoothly. Show
The below isn’t an exhaustive list of everything involved in your sales transaction, as each sale is different. But it’s the top things you’ll want to know to stay prepared for most, if not all, of the possibilities. Be sure to check the laws and regulations in your particular state. Use our jump ahead links to get to the section you need:
1. Screen Callers ThoroughlyListing your car on Kelley Blue Book’s website may bring emails, text messages, and calls from interested parties. We suggest that you insist on speaking to the most serious buyers over the phone before scheduling a test drive. A conversation will allow you to screen potential buyers by asking several questions, such as what their needs are and whether they have financing lined up. Invite buyers to ask questions, as this will help you gauge how serious they are about your car. Take precautions with anyone who offers to buy your car sight unseen. It’s best to sell to someone you can meet in person in your area. However, more car buyers need to stretch their boundaries. We recommend telling prospective buyers that you don’t accept out-of-state checks, just cashier’s checks. Some banks may want to see the vehicle if the buyer obtains financing. For your protection, you should make sure your insurance coverage extends to other drivers and mention over the phone that you’ll need to see the potential buyer’s driver’s license before handing over your keys. RELATED STORIES: How to Sell a Car: 10 Steps for Success 2. Take Precautions with the Test DriveIf the caller seems legitimate and ready to buy and wants to set up a test drive, pick a safe, central meet-up location in a public place, ideally near a relaxed test drive route. Always plan ahead and ask a friend or family member to join you for the ride. Meet prospective buyers during the day in a public area (such as the parking lot of a mall or near their bank). Park the car in a high traffic area where people can see you. Plan a test drive that’s short and sticks to populated areas. Most buyers don’t expect an extended test drive. If your buyer wants more time, let the person ask you for it. Before the drive, don’t forget to ask to see the prospective buyers’ license. Typically, it’s advisable to accompany the driver on the test drive — regardless of what kind of collateral they offer in exchange for driving it. However, due to COVID-19, be sure to agree to health and safety precautions ahead of time. That helps to take the guesswork out of the test drive when it happens. 3. Ensure a Safe TransactionIf the person seems serious about buying the car, they will likely want to negotiate the price. Ideally, you’ve discussed forms of payment in advance. Once you’ve settled on a price, you can either meet them at their bank or credit union to complete the transaction or complete the transaction using a touchless payment option. When selling your car yourself, refuse any unusual requests, such as driving the would-be buyer to another location. Often, such a request gets framed in terms of obtaining money or arranging a loan to complete the sale. Instead, tell the buyer to make their own arrangements and leave a deposit. Then, you can ask the person to get in touch when ready to conclude the sale. Due to safety reasons, be sure not to do test drives that begin and end at your home. Be sure to have the paperwork ready beforehand and keep the car’s title unsigned and out of sight until you have full payment. Be sure the form of payment is legitimate. Stick to well-known payment options, like a cashier’s check. Touchless payment options may also be available, depending on vehicle cost:
These online payment services allow users to send and receive funds directly and securely without exchanging bank information. If the person prefers to provide a cashier’s check, these payments are generally safer and less susceptible to fraud than certified checks. Escrow ServicesBeware of fraudulent escrow services. An escrow service holds the buyer’s payment for a fee until the seller has delivered the item purchased. Such a third-party service can protect both parties from fraud. However, scammers often set up fake escrow services. They claim an affiliation with well-known companies like Kelley Blue Book and TRUSTe, for example, to create a sense of security. Kelley Blue Book, however, does not endorse any escrow services, and TRUSTe does not operate an escrow service. Tips Before You Agree to an Escrow Service
What You Need to Know About Escrow Services
If any escrow-related email or website implies an affiliation with Kelley Blue Book by displaying our logo or by other means, report it to KBB.com and law enforcement. 4. Maintain a Paper TrailIt’s important to keep a paper trail when selling a car. At a dealership, the paperwork gets handled for you. When you sell a vehicle to an individual, it’s your responsibility to ensure the transfer gets dealt with properly. By doing the legwork upfront, it can eliminate hassles down the road. Each state has different rules regarding proper title transfer, but most require that the seller and the buyer fill out paperwork to ensure the transfer is legal. In many states, the seller signs the back of the existing title, along with the date, sales price, and exact odometer reading* before handing it over to the buyer. You should also make a copy of the signed title (both sides) for your records. RELATED: How to Sell a Car Without a Title *An accurate odometer reading is critical when you sell. Once you sign off on the title, the odometer reading provides proof of the moment in time the car is no longer legally yours. Don’t round it up — the buyer could have an accident within two miles of the sale and claim that you are responsible. Most states recommend that buyers and sellers complete a “bill of sale” along with a “release of liability” form to provide proof of the transfer and to protect the seller from any future tickets, violations, or other problems with the vehicle. DMV.org, a clearinghouse of all state DMVs, provides a sample Bill of Sale and Release of Liability information. Send in the signed “release of liability” to your state DMV. This is important to ensure that the seller is not held responsible for anything that happens to the vehicle after the sale. In many states, you will need to turn in your license plates to the DMV and get a receipt, which cancels the vehicle registration in your name. 5. Block Out Your Personal InformationBefore you hand over all the service records to the buyer, be sure to block out any personal information. Using a black permanent marker, you can cross out credit card numbers, phone numbers, or any other information you do not want public. If you originally bought the car from a dealer, remove any contracts or completed credit applications from your glove compartment or owner’s manual. In the wrong hands, this is a perfect tool for identity theft, as it may contain your social security number and previous address information. 6. Complete the Title TransferCheck with your state’s rules regarding title transfer. In many states, the seller needs to sign the vehicle’s title over to the buyer. Then, the buyer needs to complete the following:
All steps can be completed at a DMV or local tag office location. Most states require the seller to provide the buyer with a recent vehicle smog check showing it passed or a state inspection certificate before transferring ownership. Be sure to have these papers available at the time of sale. (You can find your own state’s rules on title transfer here.) Some states also recommend that sellers take the additional step of notifying the county tax assessor’s office of the vehicle sale, which provides another layer of protection if the future owner fails to title the vehicle appropriately. Keep in mind that the overwhelming majority of private car sales go off without a hitch — delivering more money for the seller than a trade-in offer. But like any transaction, it’s essential to stay smart and take preventive measures. 7. How to Avoid Scams and Fraud When Selling Your CarThe internet is a fantastic tool, but it can also invite scams and fraud, just as people can. If you have questions or suspect fraud or scams when selling a car yourself, please email . Or call the Fraud Prevention Team at 1-877-210-5209. You can also check out our tips for avoiding scams and fraud. What to Do If You Suspect Fraud
Kelley Blue Book investigates submitted reports to protect our customers against future fraud. We support law enforcement agencies in prosecuting internet criminals and work diligently to prevent fraud. Government Agencies That Address Concerns About Fraud
Tips on Spotting a ScamThere is no foolproof way to prevent fraud, but awareness can be your best defense. Review our tips below and use your best judgment in all transactions. TIP 1Beware of email requests for personal or financial information. Online fraud often begins with a scam email requesting financial information. These emails, also known as spoofs, often impersonate a reputable company such as Kelley Blue Book by illegally displaying a company’s name, logo, or trademark. The intent is to deceive customers into revealing information such as:
The only time Kelley Blue Book or KBB.com will ever request your credit card information is when you’re in the process of purchasing a listing on our website. We will not take down your listing because you don’t provide account information. If you receive an email that asks for the kinds of information listed above, don’t respond. Instead, report the email to us and law enforcement. TIP 2Beware of emails that appear to come from Kelley Blue Book or KBB.com. Kelley Blue Book does not get involved in sales transactions between buyers and sellers. If you receive an email that appears to come from either source urging you to complete the sale or purchase of a car listed on our site, do not respond. Such emails are a sure sign of a scam, even if they appear to display our logo. Other signs of fraud are emails that:
KBB.com does not guarantee or endorse transactions, and we don’t have preferred or pre-approved buyers or sellers. We’ll never encourage you to buy any particular vehicle listed on KBB.com or sell your car to a specific buyer. If you receive a suspicious email such as the ones described above, report it to us and law enforcement. TIP 3Beware of emails implying Kelley Blue Book or KBB.com is selling, buying, shipping, or warehousing vehicles. We don’t own, buy or sell, warehouse, or ship vehicles listed on our site. Simply put, we don’t get involved in transactions between buyers and sellers. Any email that requests a deposit or payment for a transaction or shipment of a car stored in a KBB.com warehouse is a scam. KBB.com doesn’t own a vehicle warehouse, and we don’t ship cars. Many reputable warehousing and shipping services can make long-distance transactions easy. Just be sure to check out the services proposed on your own. If you receive an email that implies we’re selling or buying a vehicle, or if a seller recommends a bogus warehousing or shipping service, please report it to us and law enforcement. TIP 4Beware of requests for payment to enter sweepstakes. KBB.com may offer promotional contests from time to time, but we do not require payment to enter a sweepstakes or to claim a prize. If you receive an email that claims we’re holding a promotional contest or sweepstakes, check our website for accurate information. If you don’t get confirmation from us that we’re hosting a contest, don’t participate. Don’t click any links embedded in email messages. A link may look correct, but the code behind it could take you to a different website. Copy and paste a link into your browser’s address bar. If you think you’ve received a fraudulent email involving a promotional contest, report the email to Kelley Blue Book and law enforcement. Related Used Car Buying and Selling Tips
Are you liable for a car after you sell it UK?After the sale
After selling a vehicle, you will need to send the tear-off part of the V5C document with the buyer's details to the DVLA. If you do not do this, you will remain legally responsible for the vehicle, including parking and speeding offences committed!
What if I sell a car and the buyer does not transfer title in Texas?Texas Sellers
liability for the vehicle in the event the buyer does not transfer the title. You only have 30 days to file the Vehicle Transfer Notification to receive this state- guaranteed removal of liability.
How do I notify DMV that I sold my car in Florida?Complete title transfer in a motor vehicle service center; Remove license plate from the sold vehicle; Surrender the license plate, if applicable; and. File a Notice of Sale, form HSMV 82050.
How do I protect myself when selling a car in California?7 Ways to Protect Yourself When Selling a Car. Screen Callers Thoroughly.. Take Precautions with the Test Drive.. Ensure a Safe Transaction.. Maintain a Paper Trail.. Block Out Your Personal Information.. Complete the Title Transfer.. How to Avoid Scams and Fraud When Selling Your Car.. |
Am i responsible for a car after i sell it
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