What are the steps to take after selling a vehicle?
Asked 2 years ago
After selling a vehicle in Georgia, it is important to follow some essential steps to ensure that the transaction is completed legally and properly. First, the seller should complete a bill of sale. This document serves as proof of the transaction and should include details such as the vehicle identification number, make and model, sale price, and the names and addresses of both the buyer and the seller. It is also advisable to retain a copy of this document for personal records.
Next, the seller must complete the title transfer process. The title document should be signed over to the buyer, including the date of sale. The seller should also remove the license plates from the vehicle, as these typically stay with the seller rather than transferring to the new owner. This action can help prevent any potential liability or issues that may arise if the vehicle is driven by someone else.
Additionally, it is crucial to notify the Georgia Department of Motor Vehicles about the sale. This can be done by submitting a Notice of Sale form, which can typically be found on their website. Doing so protects the seller from any future liabilities associated with the vehicle.
The seller should also check with their insurance company to cancel the policy covering the sold vehicle in order to prevent unnecessary charges. For more specific information regarding these steps, one may want to look for guidance on the official Georgia DMV website.
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