steps for a private sale
Asked by Bentley28 Nov 17, 2018 at 05:19 PM about the 2013 Honda CR-V EX FWD
Question type: Car Selling & Trading In
Once the price is agreed to, How do i ensure the money is transferred before i
sign over the title?
Do i need to create a private sale contract?
Are there any tax implications?
2 Answers
Ask for cash. Talk to your banker about other acceptable forms of payment. Most checks take two weeks to clear if they ever do. Your tax man is the person to ask about taxes. Unless you make a profit on the sale I doubt you would owe anything.
Title_Reguru answered 5 years ago
No contract when selling privately. Only need a bill of sale and title.