How to privately sell my car in Alberta?

[trueimage]

I am putting my car up for sale, and I have never sold a car privately before - it was always lease returns.

What do I need and what do I need to do to sell the car correctly and be protected?

[mikey_the_redneck]

Just grab a standard bill of sale from the registers office, and fill it out properly. Make sure you get a certified check.

[Bertuzzied]

Originally Posted by mikey_the_redneck

Just grab a standard bill of sale from the registers office, and fill it out properly. Make sure you get a certified check.

Banks don't normally do certified cheques any more. A money order or bank draft will do.

[mikey_the_redneck]

Originally Posted by Bertuzzied

Banks don't normally do certified cheques any more. A money order or bank draft will do.

I got a certified check to buy my truck 4 years ago.......but yeah just don't take any old check...

[trueimage]

Bill of Sale? That's it? Then they take it to get it registered, using that?

This one? http://www.servicealberta.gov.ab.ca/596.cfm#jm_Forms

"Free of all liens and encumbrances" - I have some money left on a TD car loan...

[mikey_the_redneck]

Originally Posted by trueimage

Bill of Sale? That's it? Then they take it to get it registered, using that?

This one? http://www.servicealberta.gov.ab.ca/596.cfm#jm_Forms

"Free of all liens and encumbrances" - I have some money left on a TD car loan...

Then .........disclose it on the form. I don't know what happens after that.

[burn_this_city]

Basically he has to agree that the proceeds of the sale would go to paying down the lien. I believe he just needs a letter from them.

[normtwofinger]

I sold my car privately with a ScotiaBank loan on it a few years back. The buyer had a bank draft and accompanied me to the bank while I deposited it, cleared the loan, and recieved a letter from the bank that showed the loan was cleared and there are no liens left on the car. Both the buyer and I recieved a copy of the letter as well as a copy each of the bill of sale, and I signed the back of the pink slip for her to take to the registration office. Was pretty simple.

[DownhillGoat]

Originally Posted by normtwofinger

I sold my car privately with a ScotiaBank loan on it a few years back. The buyer had a bank draft and accompanied me to the bank while I deposited it, cleared the loan, and recieved a letter from the bank that showed the loan was cleared and there are no liens left on the car. Both the buyer and I recieved a copy of the letter as well as a copy each of the bill of sale, and I signed the back of the pink slip for her to take to the registration office. Was pretty simple.

This.

I hate buying used cars with a lien on them. Norm has the right idea. If the lien isn't cleared the new buyer will be on the hook for it. It's not that you can't sell it with a lien, it just has to be cleared up at the time of sale.

[Deegee]

Have the draft issued jointly to the seller and the secured party.