Ohio Laws on Selling Used Carsby Jordan Meyers
There are many reasons you might want to sell your used car, but no matter what they are, you must follow certain rules. To stay on the right side of the law, it is best to learn the rules for selling a used car in Ohio before you even start to advertise your vehicle for sale.
To complete the sale of a used car in Ohio, you'll need to perform a title transfer. The buyer is responsible for transferring the title, but you still have some work to do. You will need to sign the existing title and make sure the buyer signs it as well, usually in front of a notary public. You will also need to complete the information on the back of the title after you've finalized the sale of your used vehicle. It's very important to make sure you have the right name and address of the person who buys your car. Errors may render the car title unusable and require you to apply for another one.
When filling out the back of the vehicle title and preparing it for transfer, you must list the amount you have sold the car for. You have to list the car's current odometer reading as well. After completing the title, it's wise to have it photocopied for your own records..
In the state of Ohio, a car owner is not required to produce a vehicle registration to show the buyer. However, according to DMV Website, producing one may help to convince a buyer to purchase your car. A valid registration can show the buyer that the license plate is legitimate, encouraging her to trust you enough to buy your car.
Bill of Sale
Ohio laws require you to produce a bill of sale when selling your used vehicle. This is simply a document that can be used to prove that you've transferred ownership to another person. It should include the date of the sale as well as the exact sale price. You should give the original to the buyer and keep a copy for yourself.
If you want to sell used cars for a living in the state of Ohio, there are other laws you must obey. For example, if you want to be a dealer, you will need to obtain a dealership license and a place from which to sell your cars. In Ohio, it is illegal to sell cars that are parked along a curb and away from your residence or business property. If you'd like to work for a dealership, you may have to obtain licensing as a salesperson.
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