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Thinking of selling car


gaewsky1

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If you saw a car you wanted on say, Ebay, but the current owner didn't have the title in hand would you still bid for it?

 

I ask because I don't have the title but would pay off the balance with the money from the sale. I just would feel bad if the new owner had to wait until I got the title from the bank and then send it to new owner before they could get tags for it. I just know I will get a few grand more selling it myself than trading it in.

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Make a bill of sale when you get the money. Your buyer can use this to get their own temp tag at the bureau. You can also give them a letter of guaranty on the title. It basically states that you will deliver a clean title within an agreed upon time frame. Send me a PM if you want a copy of one and I can email you a template for both the Bill of Sale and a Certificate of Representation we use here at the bank where I work.
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