5 Things to Know About Selling a Car in Maryland

Are you looking to put your vehicle on the market in Maryland? From documents, transfers, and inspections, here’s what you need to prepare to sell your car.

Essential Documents

The one document you will always need to provide when selling your car is the certificate of title. This piece of paper identifies ownership of the vehicle. The seller must have the original or a duplicate title to transfer ownership. Before handing over the title, you should fill out the back under “Assignment of Ownership” with your signature and the name and address of the buyer. An odometer reading and purchase price should also be included.

The buyer and yourself may also need to sign a notary-witnessed Bill of Sale. This step is required if you sell your auto at a price below book value and if the auto is seven years or older. In addition, you must ensure you pay off any loan financing. If you had a lien, get a Notice of Security Interest filing before selling the auto. Finally, send the Maryland Motor Vehicle Administration a Notice of Transfer form.

Safety Inspection

Like many states, Maryland protects buyers by requiring a vehicle safety inspection for every used auto up for sale. This inspection ensures that integral parts of the car function properly and safely. Due to its importance, the inspection must be conducted by a licensed business. If your vehicle passes the test, you will receive a Maryland Safety Inspection Certificate. Keep in mind that this certification only lasts for 90 days. Therefore, if you fail to make a sale before the expiration date, the auto must undergo a separate inspection.

Preparing for Sale

Specific steps may lead to an effective sale. For one, wash and clean your car and take good pictures. You should also get an idea of a fair purchase price from resources like Kelley Blue Book. And ensure the buyer knows the status of any existing warranties or if you are selling the vehicle in “as-is” condition. Keep a paper trail for warranty information.

Vehicle History Reports

Honesty and directness will serve you well and prevent future headaches. Buyers looking for a car will rightfully have many questions, and you should be prepared to answer those questions truthfully. A vehicle history report can be an invaluable tool that may increase the buyer’s trust.

These documents offer a detailed history of the vehicle, including its sales history, odometer readings, past accidents or servicer appointments, and potential issues. To expedite the sales process, you can purchase a report on your vehicle and offer it free to prospective buyers.

License Plate Transfers

The sale and transfer of an automobile in Maryland will require a new license plate. After your sale:

1. Remove the old plates. You may either have them transferred to a new car or take them back to Maryland’s Motor Vehicle Administration.
2. Take these steps before canceling your automobile insurance.
3. If you return the plate, see if you can get a partial refund on the registration fee.

If you’re selling your current vehicle for an upgrade or a reliable car that you can have for years to come, DARCARS Toyota of Frederick has you covered. Our Toyota dealership keeps a large inventory of many different models on hand for your shopping convenience! Learn about the 2022 Toyota lineup today, or start browsing our inventory now!

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