Tips for Selling a Car – Plymouth Rock Assurance in New Jersey

Often purchasing a new car involves selling an existing one. If you’ve decided not to trade in your vehicle but to sell it directly to a new owner, you’ll want to create a sales contract to ensure you and the buyer agree on all terms of the sale. This will eliminate any potential disagreements should any unexpected mechanical surprises occur down the road.

Key Elements of an Auto Sales Contract

While sales contracts vary by state, most contracts will need the following:

  1. Seller’s information, including name and address.
  2. Buyer’s information, including name and address.
  3. Car details, such as the car’s make, model, color, body style, year, and vehicle identification number (VIN).
  4. The vehicle’s sales price.
  5. “The car is sold as is.” As most used car sales between private parties do not include a warranty, the buyer will be purchasing the car “as is.” Make sure you include this language in the contract.
  6. Signatures. You and the buyer must sign and date the contract.
  7. Notary. Depending on your state, the car sales contract may need to be notarized. If required, be sure to have a notary witness your signing the contract.
  8. Copies. Make two copies and give one to the buyer. If you’ve presented the buyer with a vehicle history report, also keep a copy of this with your paperwork.

Also contact your state’s Department of Motor Vehicles (DMV) for transfer of title requirements.  You can also read information about buying a home and car insurance and the risks of driving without car insurance.

Call 855-993-4470, get your free quote online, or find an agent to learn about tips for selling a car in New Jersey from Plymouth Rock. If you need additional information it can be found on our Contact Us page.