If you've recently purchased a new car and want to get rid of the one you had before, selling to a private party is a great idea. You can often get much more for the car by selling it to someone than you would if you offered the vehicle up as a trade-in.
However, selling your automobile is about much more than the exchange of funds. There are some very important moving parts that must be handled if you want the sale to be legit. If this is your first time selling a car on your own, and you want to make sure it's done right, check out a few reasons why you should utilize a car title transfer service.
Failure To Transfer Title Correctly Could Leave You On The Hook
When you relinquish your vehicle to another person you might think that you are no longer responsible for it. The car is out of your possession and with someone else, so it would seem that you are in the clear.
The reality is that just because you've received payment and turned over the car keys, it still doesn't mean that you are off the hook. If that individual rolls away from you and gets into an accident the moment they are out of sight, you might end up being responsible for an incident that was completely out of your control.
As long as your name is still on the title as the rightful owner of the car, you are responsible for what happens to it. That means if the purchaser is in an at-fault accident, and you are still the legal owner of the vehicle, the other party might try to sue you for their damages.
Transfer Title The Right Way
It's best to work with a title transfer service so that you'll be certain you are transferring the title correctly. Signing in the wrong place could spell trouble, and if you're not sure how the process goes, you might make a costly mistake.
Let the experts at the car title transfer service make the process as easy and seamless as possible. You might even want to ask the buyer to meet you at the physical location of the title transfer company so that the two of you can settle things right there in person.
When you work with a car title transfer service, you can breathe a sigh of relief. Find a local branch, and let the transfer service help make selling your vehicle a breeze.