Selling or trading your car can be an overwhelming process for many people in New Jersey. For individuals who have never been involved in car sale or trade process, it can be a daunting experience. This is especially true when you have no clue of what kind of paperwork you need to make sure you can complete your transaction. Apollo Preowned Auto invites you to keep reading as we provide you with information regarding the essential paperwork you need to have when selling or trading your vehicle in New Jersey.
If you have finally decided to sell or trade your car, you have to be aware of all the paperwork that comes tied to it. Both, selling and trading your vehicle requires you to file a fair amount of paperwork to make sure you are making a legitimate sale or trade. Selling your car requires you to show several documents such as your vehicle’s car title, bill of sale, and the vehicle’s history report.
One of the essential documents you will need to show when deciding to sell or trading your vehicle is your car’s Title. This is an official document showing who is the real owner of a car. Every car title must include relevant information of both the owner and the vehicle. This information consists of the owner’s name, address, phone number, and other additional personal information. Furthermore, the car’s title certificate must include the vehicle’s year, make, model, and the date of original purchase.
There are different titles your car can have depending on specific situations and scenarios. For instance, as an owner, you can have a clean title, clear title, and other additional types of titles. A clean title means your vehicle has never been involved in any significant accidents or collisions or may have been involved in a minor crash. On the other hand, a clear title means there are no liens or levies against your vehicle. This means you can sell or trade your car since there are no third parties claiming ownership over your vehicle.
A bill of sale is a legal document drafted by the seller, detailing everything related to the transfer of ownership of an asset. This type of document is usually requested when transferring a valuable asset. In this case, a car represents a significant sale. Therefore, as a general rule, you, as a seller should consider drafting a bill of sale to cover yourself and the buyer in case of a future dispute regarding the vehicle. This legal document must contain information such as the names of all the parties involved, their addresses, the date of purchase, signatures, and other relevant information. Additionally, you will need to include any pertinent information about your cars such as make, model, year, odometer reading, and any other related information.
A vehicle history report is an important document reflecting the history of your vehicle. This document includes relevant information such as any past owner(s), any liens on your car, accident reports, and other valuable information. Most of the times any buyer will look at this report to determine whether they will purchase your vehicle. It is essential to keep your car’s information as clear as you can to avoid problems moving forward with your vehicle’s sale or trade.
An excellent way to make sure selling or trading your car runs smoothly, is keeping a complete record of all the documents related to your vehicle. The more complete and accurate the information, the better your chances of selling your car. Most private buyers or dealers may be hesitant to buy your car if you do not possess the paperwork mentioned above. Some other buyers may reject you altogether. That is why keeping your records up to date is essential to your car selling or trading process. If you are having trouble finding all the necessary documents to sell or trade your car, a pre-owned car dealer can take care of all the paperwork for you. Letting a pre-owned auto dealership deal with all the paperwork can save you time and money down the road.
Apollo Auto has been serving the New Jersey area for more than two decades. We dedicate to offering nothing but high-quality pre-owned vehicles. Thanks to a long-standing business relationship with some of New Jersey’s top financial entities, we can make offers our competitors cannot rival. All our domestic and foreign cars are thoroughly inspected to ensure you drive a reliable vehicle. To learn more about our services and how we can help you get the car you want and need, call Apollo Auto today at (856) 347-5091 or contact us online.