Selling a car without professional help may seem like a complicated task, but by doing the homework upfront and preparing for the experience, the seller is more likely to find the ideal way to get the most money for his car with minimal inconvenience. One of the main tasks for selling your car in Las Vegas, fast is to collect all the necessary documents together so that the ownership title can be transferred smoothly. Here this article discusses the documents a seller needs to sell his car.
Vehicle history report
When placing an advertisement, it’s better to include the vehicle identification number (VIN), as some buyers prefer checking the car’s history for themselves. however, it’s also essential for the seller to be aware of his car’s history, especially when he is not the original owner. A seller should be able to discuss any major issues or repairs that have come up while he owns the vehicle.
Warranty documentation
Having a transferable warranty can justify the increase in the asking price for the car or help a seller gain an upper hand if a buyer indulges in bargaining the price down. However, words are not enough for selling your car in Las Vegas, fast. It’s important to have the warranty documents in hand, including the contact information of the warranty provider. It will enable the buyer to readily get the balance of the car’s warranty put in his name.
Odometer disclosure
The Truth in Mileage Act, a federal law in the U.S., mandates the seller of an automobile to provide an odometer disclosure to the buyer when selling the car or transferring the ownership. This applies to all automobiles with an age less than 10 years and including 12,000 lbs. While in some states, the seller needs to just provide the current mileage reading on the car title; he needs to obtain a separate form in the other states. The odometer disclosure of a vehicle includes:
- year, make, vehicle identification number, and model
- name and address of the buyer
- signature of seller and buyer
- current vehicle mileage
- signature or seal of the notary public
Title
An individual holding the title is known to own the vehicle. Once the buyer’s funds are securely in the possession of the seller, he can simply sign the title and transfer it to the new owner of the vehicle.
Bill of Sale
While not required, a Bill of Sale is an excellent idea for selling your car in Las Vegas, fast as it specifies the terms and conditions of the sale in writing. Some terms and conditions of this document can include- odometer disclosure, vehicle description, purchase price delivery date, and more.
Conclusion
Along with having an understanding of the car sale process, a seller should also know what paperwork or documents are required to complete the sale process. A seller by not having the required documents could end up with a lower price for his car than he wanted. Moreover, he can also risk legal problems. If a person has never sold a car before, it’s recommended to consult a professional regarding the necessary paperwork.
