Quote:
Originally Posted by jdulej
Two things to consider with this approach. 1 is timing. When is the sale considered binding? If you do not both do this at the dmv you are open to a lot of hassle (at the very least). 2 more of a clarification. You need to remove the actual license plate and use it on your new car or retire it with the dmv
|
The sale is binding when both parties sign the bill of sale. The Form HSMV 82050 cancels your registration. My problem with meeting at the DMV is that you could lose the sale if the buyer does not show up. You have a better chance to complete the sale when the buyer has just examined the car and had a test drive. A lot of buyers suffer from buyer's remorse which could kill the deal. Marketing 101.