Selling a car privately in Oklahoma is a process that requires some preparation and attention to detail. The most important thing to keep in mind is that you are responsible for the car until it is transferred to the new owner. This means that you will need to have the car inspected and make sure that all the paperwork is in order.
The first step is to gather all of the necessary paperwork. This includes the title to the car as well as any loan paperwork if you are still making payments on the vehicle. You will also need to get a safety inspection and an emissions test if the car is more than three years old. These can be done at any Oklahoma Department of Public Safety location.
Once you have all of the paperwork in order the next step is to set a price for the car. It is important to research comparable sales in your area to get an idea of what the car is worth. Once you have a price in mind it is time to start advertising the car.
There are a few different ways to go about this. You can post a classified ad in the local newspaper or online. You can also put up flyers in public places or post about the car on social media. Be sure to include all of the important details about the car such as the make model year mileage and asking price.
Once you start getting interest from potential buyers it is important to be clear about your payment terms. If you are still making payments on the car you will need to make arrangements with the bank or lender to have the payments transferred to the new owner. If you are selling the car outright you will need to decide if you want to accept cash a certified check or a money order.
Once you have agreed on a sales price and payment method you will need to schedule a time for the buyer to come and pick up the car. Be sure to meet in a public place and exchange the car keys and title for the payment. It is also a good idea to have a bill of sale prepared that both parties can sign. This is not required but it can help to protect both buyers and sellers in case of any future issues.
And that’s it! Once the car is transferred to the new owner and the payment is made you are finished. Congratulations on successfully selling your car privately in Oklahoma!
What is the process for selling a car privately in Oklahoma?
Answer: In Oklahoma the seller must provide the buyer with the title certificate a signed and dated bill of sale and a completed NOTICE OF SALE OR TRANSFER OF MOTOR VEHICLE (Form 701-6).
The buyer then has 10 days to register the vehicle.
What information must be included in the bill of sale?
Answer: The bill of sale must include the names and addresses of the buyer and seller the make model year and VIN of the car the sale price and the date of the sale.
Does the seller need to provide the buyer with a vehicle history report?
Answer: No but it is recommended.
How does the buyer register the vehicle?
Answer: The buyer must bring the title certificate completed bill of sale and a completed NOTICE OF SALE OR TRANSFER OF MOTOR VEHICLE (Form 701-6) to a tag agent.
The buyer has 10 days to register the vehicle.
Is there a fee to register the vehicle?
Answer: Yes there is a $17 fee for a title transfer and a $10 fee for a new license plate.
How does the buyer get a new license plate?
Answer: The buyer must request a new license plate at the time of registration.
Where can the buyer get a NOTICE OF SALE OR TRANSFER OF MOTOR VEHICLE (Form 701-6)?
Answer: The form is available at any tag agency or online at the Oklahoma Tax Commission website.
Does the seller need to notify the Oklahoma Tax Commission of the sale?
Answer: No but the seller is responsible for any taxes and fees owed on the vehicle up to the date of sale.
What are the consequences of not transferring the title within 10 days?
Answer: The vehicle cannot be operated on the road until the title is transferred.
The buyer may also cancel the sale and get a refund of any money paid.
Can the buyer get insurance on the vehicle before the title is transferred?
Answer: It is recommended that the buyer wait to insure the vehicle until after the title has been transferred.
How does the buyer pay the seller?
Answer: The buyer and seller can agree on any method of payment but it is recommended to use a check or money order.
What should the buyer do if there are any problems with the vehicle after the sale?
Answer: The buyer should contact the seller to try and resolve the issue.
If the problem cannot be resolved the buyer may file a lawsuit against the seller.
What should the seller do if there are any problems with the vehicle after the sale?
Answer: The seller should contact the buyer to try and resolve the issue.
If the problem cannot be resolved the seller may have to refund the purchase price of the vehicle to the buyer.
Can the buyer return the vehicle after the sale?
Answer: No all sales are final.
What are the buyer’s rights if the vehicle is not as described by the seller?
Answer: The buyer may file a lawsuit against the seller.