The specific documents that you need to sell your car may vary on things like what state you are in, if you have a pay off, title in hand or are awaiting title. Here is a general list of what we collect when purchasing a vehicle from you.
What you will need to provide:
- The title- This is a legal document that proves ownership to the vehicle. In most states if you have a loan, the bank will hold your title and release it to the dealership upon pay off. Some states (Kentucky, Maryland, Michigan, Minnesota, Missouri, Montana, New York, Oklahoma, & Wyoming) will give you the title upon purchase of the vehicle even if you have a loan. If you have a title, you must provide that original document to the buyer.
- Driver’s License- A current ID for any owners listed on the title or loan should be provided upon selling your vehicle. If there is mire than one owner listed, we must obtain signatures from both parties
- Vehicle Registration- Especially if you do not have a title, the vehicle registration can be used as a proof of ownership. Providing a copy or photo of the registration to the buyer is helpful in reassigning titles.
- 10 Day Pay Off- If you have a loan on the car and are selling to a dealer, providing the buyer will the full amount number and 10 day pay off quote from the bank. This will allow the dealer to send out the pay off, allow time for the payment to process, and clear your loan without you needing to worry about it!
What you will need to provide:
- Bill of Sale- This document lays out the agreement between us (the buyer) and you (the seller). Purchase terms, your contact information, pay off amount (if it applies), and vehicle information are on this document.
- Odometer Disclosure Statement- This is a document required by the DMV to state the miles of the vehicle.
- Power of Attorney- Both to avoid human error (the title being signed in the wrong place) or to avoid unforeseen issues like a damaged or lost title, the POA is completed as a secondary document that the DMV will accept to reassign the title. Therefore, even if you have title in hand, we complete a POA to have on hand for the DMV and you don’t have to worry about signing title directly.
- Pay Off Authorization- This document communicates to your bank that you authorize us (the buyer) to pay off your loan and for the bank to send the lien release and title to the dealership directly upon the completion of pay off processing. The document will have the full loan number, vehicle information, and a signature from you (the seller).
- Vehicle Purchase Agreement- This document provides more detail than the Bill of Sale of the purchase agreement between you (the seller) and us (the buyer). We ask that you disclose any known damages to the car, factory reset your vehicle if applicable, etc. This is also where you can confirm the pick up location and when you are available for pick up.