If you sell the car, be sure to leave liability insurance on it until you have signed over the title as you could be liable if anything happens.

As for the title, call whoever has the lien and ask them if they have a local office where you can pay off the loan and get a lien release then and there (this is one of the advantages to arranging your own financing instead of going through a dealer). If so, pick up the buyer, dirve him to that office, he makes out his certified check to you and them, you make out your check to them, they give you a lien release, you sign over the title, have him sign it then MAKE A COPY.

One last point, if he has a bill of sale and proper insurance, he can drive the car from the place of purchase (Ohio in this case) to his home in Colorado WITH NO LICENSE PLATE WHATSOEVER.

Any taxes will be collected by Colorado when he goes to register the vehicle.

Bob

 

The perfect case is there's an office and your title is available.

In my state Massachusetts, banks and other car finance companies don't hold title in paper form. They all electronically release the lien with the MA RMV after your loan is paid off.

It takes about one week to receive the title from mail sent by MA RMV.

 

I live in WA and bought my car in MD i called WA DMV and registered the car over the phone and had tags overnighted to me. Then I drove the car back, whole process took 2 days and was really easy. other wise you may need to stop at each state and get a trip permit kind of a pain in the are if you ask me.

 

alot of good information. I think we can make this work

 

And if you're a nice guy (and not a lawyer or an IRS agent(, you'll give him two bills of sale. The second would be for 2-3k less than the actual price and he can use that to register the vehicle and pay sales tax. Sometimes that info goes on the back of the title.

 

In MA you cannot lowball the sale price much b/c if the price is lower than KBB price, they will use the KBB's price for sale tax. They don't care the car is free or just $1.00

 

I believe we're good to go. Steelshot, I sent you an email to your aol account.

I'll start making copies/tracking down copies of all the service records and when we figure out a good day for us, I'll book your ticket.

This is my first time selling through Audi Forums and I have to say, I'm impressed. Thanks for helping us out everyone.

 

Hope everything is going smooth and both are happy. I am going to sell my 07 Subaru Outback limited next week.

 

We had a few hiccups, mainly with getting the tags transferred because we had to have the bill of sale notarized. All in all though it was a very smooth transaction. I flew him out here on my frequent flyer miles then we applied the savings from not purchasing a ticket to the sale price.

Picked him up at the airport after work and went for a quick test drive. Dropped him off at a dirt cheap priceline room in downtown. This morning it was off to the dealership for a used car inspection. Ran to the bank with an hour to spare, got cashiers check and bill of sale. Changed plates. Gave him keys. Cried a little and waved my (his) car off.

It stinks that we have to wait a few days on the title but other than that, it was all good.

One last parting shot.

 

Changed plates....

Did he bring along his old car plate or a temp tag from his state to install on this car?

How the insurance covers (yours or his binder) from the time he drove off your home as the title is not available for a few days but the bill of sale are both signed and notarized?

dealership for a used car inspection ....
Is your car inspection 100% passed or needs some fix so you take the amount off from sale price?