Questions about selling a car - Calgarypuck Forums - The Unofficial Calgary Flames Fan Community

shane_c · 08-11-2007, 01:19 PM

I will likely be selling my car soon and am not sure how the whole process works. I would like to get about $1700 more than what I owe for it. So should I get 2 certified cheques? One for me and one to give to the dealer to pay off the loan? Or if I get one certified cheque for the whole amount and bring it to the dealer do you know if they'll cut me a cheque for the difference? Other than me signing the registration over is there any other paperwork involved? Do the plates stay with the car? Any other tips so I don't get ripped off would be appreciated!

redforever · 08-11-2007, 01:32 PM

Quote:

Originally Posted by shane_c

I will likely be selling my car soon and am not sure how the whole process works. I would like to get about $1700 more than what I owe for it. So should I get 2 certified cheques? One for me and one to give to the dealer to pay off the loan? Or if I get one certified cheque for the whole amount and bring it to the dealer do you know if they'll cut me a cheque for the difference? Other than me signing the registration over is there any other paperwork involved? Do the plates stay with the car? Any other tips so I don't get ripped off would be appreciated!

You get one certified cheque or bank draft from the person buying your vehicle, deposit those funds in your account, then write a cheque to the dealer for what you owe there, and you keep the rest.

jolinar of malkshor · 08-11-2007, 03:29 PM

Unless the person buying the car is worried about him paying the dealer and the lien still being on the car. He might insist on writing two cheques.

But what do I know, I have never sold a car before.

I_H8_Crawford · 08-11-2007, 04:39 PM

Do you just go to the dealer, or do you have to contact the finance place? (I am in the process of doing the same thing)

So do I go back to Honda where i bought my car, or go through honda finance to pay off the remainder of my old car?

jolinar of malkshor · 08-11-2007, 04:41 PM

Quote:

Originally Posted by I_H8_Crawford

Do you just go to the dealer, or do you have to contact the finance place? (I am in the process of doing the same thing)

So do I go back to Honda where i bought my car, or go through honda finance to pay off the remainder of my old car?

I have made a few extra payments on my truck and I just go to the dealership and they can take the payment for me. That is for dodge.

redforever · 08-11-2007, 05:13 PM

Quote:

Originally Posted by jolinar of malkshor

Unless the person buying the car is worried about him paying the dealer and the lean still being on the car. He might insist on writing two cheques.

But what do I know, I have never sold a car before.

Well any buyer should be wary and have some sort of clause that reads, subject to said vehicle being free of all liens and encumberances.

Once you have made a deal and sold the vehicle, why not offer to take the buyer to the dealership with you so he can see you pay off the loan etc?

normtwofinger · 08-11-2007, 05:29 PM

When I sold my car, I had 2000 more than what I owed. My loan was thru my bank. So the buyer and I both went to my bank with a bank draft from her. And they gave us both an official letter saying that they have no financial interest in the car, and it is clear of all liens. The rest was deposited in my account. Pretty simple actually.

shane_c · 08-12-2007, 03:33 PM

Thanks for all the replies. Do the plates stay with the car?

ken0042 · 08-12-2007, 03:34 PM

Quote:

Originally Posted by shane_c

Do the plates stay with the car?

No.

hulkrogan · 08-12-2007, 10:19 PM

Print off a bill of sale (many free ones on the net you can use) and have them sign it. If they go and kill a pedestrian and then take off and your car is found and you have no record of sale, you are more than screwed.

skins · 08-13-2007, 08:00 AM

Quote:

Originally Posted by hulkrogan

Print off a bill of sale (many free ones on the net you can use) and have them sign it. If they go and kill a pedestrian and then take off and your car is found and you have no record of sale, you are more than screwed.

Isn't the signed over registration essentially a bill of sale?

ken0042 · 08-13-2007, 08:03 AM

Yes, but if the buyer denies purchasing the car, you need some proof that you sold it. And chances are if he denies buying it; he also likely isn't going to provide proof that shows him to be wrong.

I suppose keeping a copy of the cheque would also work.

hulkrogan · 08-13-2007, 10:47 AM

Quote:

Originally Posted by skins

Isn't the signed over registration essentially a bill of sale?

What Ken said. Whoever kills someone with your car is the same person that has the signed over registration. If they destroy that, there is no proof.

Dion · 08-13-2007, 11:26 AM

Quote:

Originally Posted by ken0042

Yes, but if the buyer denies purchasing the car, you need some proof that you sold it. And chances are if he denies buying it; he also likely isn't going to provide proof that shows him to be wrong.

I suppose keeping a copy of the cheque would also work.

Or a person could make up his own bill of sale.

Titan · 08-13-2007, 03:36 PM

http://www.servicealberta.gov.ab.ca/...es/reg3126.pdf

A bill of sale form from Alberta gov't website. Everything you need.

Fozzie_DeBear · 08-13-2007, 04:19 PM

I have a question, if I was to go to BC to buy a car, how do you get plates on it to drive it back?

hulkrogan · 08-13-2007, 08:04 PM

Quote:

Originally Posted by Fozzie_DeBear

I have a question, if I was to go to BC to buy a car, how do you get plates on it to drive it back?

I just saw a brand new Carrera 4S on the way back from Golden yesterday. He had no plate and a piece of paper stuck to the bottom corner of his windshield. I'm guessing it's the same as here, "In Transit" registration that is good for a couple days until you can get it back to Alberta.