![]() |
Selling a car
I’m selling a car in a private sale. If I just sign the title over to the buyer, what is my exposure if the buyer doesn’t title the car to his name and has an accident in the meantime. I can’t find anything regarding Florida law in this matter. How have you handled a private sale?
Thanking you in advance. |
Sellling a car
Go to a DMV office and handle the sale why you are there with the buyer. They will make sure the title transfer and taxes etc will be handled properly.
|
Quote:
|
You don't need to go to the DMV to sell a car. Just prepare a bill of sale, sign the title, remove the tags, and file Form HSMV 82050 with the Florida DMV office. Make a copy of everything, and you will be protected.
|
Personally, I like the idea of meeting at the DMV, though, for safety reasons.
kathy |
Quote:
|
Quote:
|
Quote:
|
When I sold my Honda Goldwing, I printed a bill of sale of the internet and I and the buyer went to the DMV.
They handled the complete transaction for both me and the buyer. The buyer even bought the new license plates for the ride home right at the DMV. Nice people to work with and explained everything. |
Quote:
|
Quote:
:bigbow::bigbow: |
Quote:
:ohdear::ohdear: |
I Share Your Concern
Quote:
|
With the lack of cars and the marked up prices today, you will not lose the sale if the car is in good condition. I would go to the DMV. Good luck.
|
Quote:
Interestingly the only problem I have had was when I traded in an RV for a new RV at a dealer. I assumed (I know, first mistake) that the dealer took care of all the paper work. Then 6 month later I got a registration renewal notice from the DMV for the RV I had traded in. I ended up making a trip to the DMV after all! :) |
Call the DMV.
|
Make sure on the title besides filling in the date of sale write down the actual time of sale as well. Do this on the title and fill out the form “selling a car” from Florida DMV and you should be good. DO NOT LET THEM DRIVE THE CAR AWAY WITH YOUR PLATE ON IT!
|
The Florida Form HSMV 82050 serves as a "notice of sale" and as a "bill of sale" for the vehicle. Going to the DMV with the buyer may make you feel good, but as long as you deliver the completed form to the DMV, you have done everything that needs to be done. All they will do at the DMV office is to have you complete the same form. You may want to verify later that the DMV has properly executed the transaction into their online system.
The main issue with selling a car is that you receive proper payment, which would be better handled at a bank. |
Always sign at the tax collectors office . You will be able to see them register!
|
I just sold a vehicle thru a private sale. I went to the Sumter license branch for information. The lady at front desk was very helpful. I was given a Bill of Sale I needed to fill out, bring it and my license plate back to them. Do not cancel auto insurance until you bring the Bill of Sale and license plate back to them. Also make sure you get you toll device off your windshield. She also showed me the places on our title that needed to be filled out. No notary public needed.
|
Car sale
Quote:
|
Ohiobuckeye
Quote:
|
None. You no longer own it. Just make sure you take your plate off.
|
Quote:
|
Do not give them your plate! You must turn it in to DMV. If you don’t they will suspend your license. DMV will be notified by your insurance company when you cancel your coverage.
|
Get a lawyer? OMG
|
Good question. Several years ago I tried to sell car myself. A lot of ?able inquirors called me almost immediately and never received any fair offers. Sellers market now and do believe that there is a better market for people trying to sell your own vehicle.
Have heard good reviews from car buying companies that will make sure that the title is properly transferred and I plan to use them when and if I sell car without trading it in. Agree with others here. Florida law does make an owner of a vehicle responsible for actions of another driver and you want to make sure that the title is properly transferred. |
The buyer can drive the car around for 30 days with no plate and no registration, all they need is a bill of sale and insurance. It seems weird but that is the law. I remember in Arizona the plates stayed with the car. Also weird.
|
Quote:
|
Sale of car
The sale is final when u sign title and remove tag and registration card and return to dmv.
|
Do not sign title over until you know funds are good. There are phony bank checks, cashiers checks. Do money transfer at their bank. Once that is good do the bill of sale from DMV. Call your insurance company for questions about when to terminated insurance. Call DMV for questions on title transfer. Too many different answers here so go to each source their bank, your insurance company and DMV.
|
Quote:
|
Quote:
|
Remove your name from registration
Quote:
|
Do not, under any circumstance, do this! Take it from me. My husband trusted someone and sold a car to them doing this, they conveniently were unavailable during the day to make the transaction. So they had the bill of sale, the title, PLUS our registered license plate. We spent the next 6 months dealing with them running the EZ Pass in another state and us getting the bills. They did this 27 times and since it was in another state apparently the DMVs in different states don't cooperate in this matter. My DH made many trips to our DMV trying to get this straightened out. But since they never registered the car in their name in our state the only thing the DMV could do was take the info from the bill of sale and try to get the other state to change their records. The whole thing was a major, major hassle. We sold another car and took them to the DMV with the bill of sale. They got a temp plate to drive to another state, took ours back and we never had a minute of problem. I can't image how bad this would have been if it had been a speeding or red light camera ticket.
|
Quote:
|
Must have a Bill of sale with date and time on it with Both parties signatures, then wait 2 days to cancel insurance (you can always back date insurance cancellation), then file sale with dmv.
|
Sell it to Carmax, you will only get wholesale value but you eliminate all the hassles.
|
Quote:
|
Make 2 bills of sale (one for each of you), sign and date the title, and keep your plates.
Parking tickets and tolls are a problem using your old plate. Thats why you keep it. If you don't sign and date the title some buyers will attempt resell the car for a profit without paying their registration and tax. Its called title jumping. |
All times are GMT -5. The time now is 12:10 AM. |
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Search Engine Optimisation provided by
DragonByte SEO v2.0.32 (Pro) -
vBulletin Mods & Addons Copyright © 2025 DragonByte Technologies Ltd.