If you live in Texas and you have decided to sell your current car, make sure that it is in the best condition in order to attract more clients. If you want to maximize your profit, you should fix minor mechanical problems as well as detailing your vehicle both inside and out. In order to make sure that the sale is legitimate, you must learn more about the state’s title transfer process so that you will avoid unwanted problems.
If you don’t know much about how to sell a car in Texas, the first rule to follow is to get the car insured as this is obligatory in this state. The seller of the vehicle has the responsibility to provide insurance for the automobile for the first 30 days during which the car’s title is transferred. After this period, the buyer of the car will have the responsibility of getting the car insured.
Once you have that taken care of, you must secure the payment from the car’s buyer. It is highly recommended to protect yourself from potential financial problems by accepting only cash, cashier’s check or a money order. If the vehicle you want to sell is new and requires financing, you need to make sure that the buyer gets his own financing and provides you with the money in full amount. By doing so, it prevents you from having to think about repossessing the vehicle due to non-payment issues that might occur.
Now it is time to transfer the title certificate to the car’s buyer. You should know that there is a section located in the title certificate which will allow you to sign the title over to the buyer. Once you have filled out that section, you now must give it to the purchaser. The seller must provide the future owner with a bill of sale. In that bill of sale you must include the date, description of the car; the amount of money paid by the buyer and notate it with “paid in full.”
The process of how to sell a car in Texas also consists of getting a title application form from the county tax assessor-collector’s office. You will need to get the Form 130-U. Once you got it, you must fill it out and sign it. After doing so, take it to the county tax assessor-collector’s office with the title certificate. This has to be done within a month of the car’s sale. By doing so, you will legally complete the title transfer process of the vehicle in cause.
Your last step would be to get the “Motor Vehicle Transfer Notification” form which you will find at the Texas Department of Public Transportation. Once you have filled it out accordingly, submit it to the Texas Department of Public Transportation. By doing so you will be protected from being linked to any future potential parking tickets, crimes or registration tickets associated with the vehicle which you just sold.
If you plan on giving the car as a gift, you should know that you must follow a similar title transfer process in Texas. The same situation applies if you are going through a divorce or the owner of the car has died. If you lose the car’s title certificate, you must get a new one before selling the vehicle. In order to apply for a new title certificate you must go at the County Tax Assessor-Collector’s Office to fill out all the necessary paperwork.
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