Guide On Selling A Car In Texas

Do you want to know how to sell your car in Texas? It's always better to sell a car yourself because you'll get more money than trading it in or selling it to a dealer.

Requirements

Here's what you need:
  • The reading on the odometer – (exactly how many miles are on the car)
  • Keep the license plates – Keep in mind that the plates belong to you, not the car.
  • The title, also known as the "pink slip," is the document that proves you own the vehicle.
  • Fill out and sign the Texas Title and Registration Form (Form 130-U), including the sale price.

Car Inspection

Many buyers will request that a mechanic inspect the car in addition to passing a state safety inspection. This is perfectly normal, and sellers should be willing to accept it. However, any professional inspection should be paid for by the buyer, not the seller. If someone asks you to pay for a vehicle inspection, you should be aware that this is not standard practice and make your decision accordingly. With this dynamic in place, potential buyers should expect to have it inspected by a mechanic of their choice. They are, after all, paying for the service.

Car Title

Once a prospective buyer has agreed to the purchase, the vehicle's ownership must be legally transferred. Locate your vehicle's title, fill out the odometer reading on the back, and sign and date it. Remember that this is a legal document. Make sure your handwriting is legible and use your real first and last name. Take your time with this step because any errors or strikeouts could revoke your title. If there is a lienholder on the title, they must also sign off. This will entail repaying any outstanding balance on the vehicle. Individuals who have lost or misplaced their title must complete Texas DMV Form VTR-34. It's an Application for a Certified Copy of a Title, and it requires a valid ID, a small administrative fee, and a signed lien release if the vehicle is encumbered with a lien.

Bill Of Sale

With the original title completed, the buyer must apply for a new copy in their name. They must complete an application, DMV Form 130-U, and submit it to the DMV. This form will also necessitate your signature as legal proof that you have agreed to the sale. Form 130-U can also be used as a legal bill of sale. Fill in the sales price accurately because the buyer is responsible for paying sales tax based on the amount listed.

Report The Transaction

The final step is to notify the sale state, which is critical because you may be held liable for any tickets issued to any vehicle that is still registered in your name. Legally, you have thirty days from the date of sale to report it, but it's best to handle it right away. A Motor Vehicle Transfer Notification can be filed in two ways. There is an online form that you can submit, or you can print a paper form and fill it out and mail a physical copy. One final point is that a car must be legally insured at the sale. When the buyer files their paperwork, they must already have an insurance policy in their name for the vehicle they are purchasing.