Selling your vehicle isn’t exactly a walk in the park. In fact, it can be a long, arduous, time consuming process. When you’re working with a private buyer, you have to take photos of your vehicle, post a classified ad, and sift through the countless scam emails and texts that you’ll inevitably receive. Then, you’ve got to show your vehicle repeatedly, turn down the absurd low-ball offers you get, and wait for a reasonable offer to come in. And, in the end, you may not even sell your clunker. Private buyers can be picky, and selling a junk car is tough.
But, whether you opt to go with a private buyer or work with a scrap yard, junkyard, or junk car buyer, there’s one thing that you’ll have to deal with no matter what. Regardless of who buys your clunker, there will be paperwork involved.
Yes, the dreaded paperwork. You’ve got a title, your registration, front and rear license plates, a bill of sale…the list goes on. What do you do with all of these pieces of paper, anyway?
A lot of sellers are familiar with how their title works. They know that a vehicle title effectively offers proof of ownership. But, what about your registration? What do you do with it when you sell your vehicle? And, how does it relate to the other paperwork involved, including a bill of sale? If you’re confused about what all of this means, don’t worry: just read on to learn more.
What to do with your registration
Your registration serves as a means of keeping legal track of your vehicle in the state where you’re a licensed driver. In other words, by registering your vehicle with the DMV, the state authorities have a way to track and identify your car. This is why you receive a license plate (in some states, two plates: one for the front, and one for the back of your vehicle) when you register your car. Your registration and tag go hand in hand.
When you sell your vehicle, the new owner will be registering it themselves. The one exception to this scenario is when you sell an old junker to a junk car buyer or scrap yard: they’ll likely be disassembling your vehicle rather than registering it anew. That said, if you sell your car to a private buyer, they’ll need to register it before they can drive it.
One thing you want to be certain of is that your name and information are no longer associated with the vehicle’s registration after you sell it. Why? Well, if the car is still registered in your name and it’s involved in an accident, you can be held liable for it. So, when you go to sell your vehicle, you’ll want to remove the license plate (or plates) from your car, and return them to your local DMV office along with your registration papers. The DMV can then make a note that the car is no longer registered in your name.
When selling a junk car, you can save yourself a lot of hassle by avoiding private buyers and working with a trusted junk car buyer instead. If you’re ready to sell your clunker, take a look at Junk Car Traders at JunkCarTraders.com. In Rhode Island they are known for their great customer service and great quotes.