Howdy banchan!
1) If you accept cash (or a money order), make sure
they are not counterfeit. This step is made easier
because in the process of selling your car you will
probably go to a bank for the notarization of the bill
of sale. Someone at the bank can look at the cash or
money order (make sure this is from a recognizable
source, such as 7-11, a bank, etc.) and verify it.
Doubtful the cash/money order will be bad, but it has
been known to happen.
2) Yes, you will have to sign the title over to the
buyer (wait until you are in front of the notary
before you do this), but the license plates belongs
to you, so you will want to remove them. The buyer
can take the car and the bill of sale to a MMVA
office to get new plates. You will want to make
sure you remove the plates, because if the car is in
an accident with your plates on them, you might be
implicated unwarrantedly in the accident.
This Maryland Motor Vehicle Administration (MVA)
frequently asked question (FAQ) entry shows what to
do with your plates.
http://www.mva.state.md.us/AboutMVA/FAQ/default.htm#303
"What should I do with my Maryland license plates
after I have moved out of state?"
...
"After moving out of Maryland you need to return your
plates to the MVA. If you have more than one calendar
year left on your registration you are due a refund
for the cost of the remaining year. If you are
eligible for the refund you must first complete the
Application for Registration Plate Refund (form #VR-021).
Mail in the completed form, the license plates from your
vehicle, a copy of the vehicle registration, your out of
state address, and a reason for their return to the
Maryland Motor Vehicle Administration, Attn: Tag Return,
6601 Ritchie Highway, Glen Burnie, MD 21062. Registration
plates must be returned to the MVA prior to canceling
vehicle insurance."
You will need the free Adobe Acrobat Reader to view
the documents referenced below. If you do not have
it, you can download it from the Adobe website.
http://www.adobe.com/products/acrobat/readstep2.html
The form referenced above (Registration Plate Refund)
can be found on the Maryland MVA website.
http://www.mva.state.md.us/OnlineServ/DOCS/VR-021.pdf
"Application for Registration Plate Refund (form # VR-021)
can be used to apply for a refund for registration plates.
Please follow the instructions on the form. This form can
be filled out and brought in person to your local full
service MVA or it can be mailed to Maryland Motor Vehicle
Administration, 6601 Ritchie Hwy., NE, Glen Burnie, MD
21062, Attn: Tag Return."
3) The only thing you are missing is getting the bill
of sale notarized.
The Maryland MVA website also has a bill of sale form
that you should use. It will have to be notarized in
the presence of both the buyer and the seller. Most
times your (or the buyer's) bank will do notarization
for free or inexpensively.
http://www.mva.state.md.us/OnlineServ/DOCS/VR-181_Bill.pdf
"Bill of Sale (form # VR-181) is a form to establish
the purchase price of your vehicle."
Yes, it is that simple. I have bought and sold several
vehicles and the toughest part is arranging a time and
place that is most convenient for both parties.
If you need any clarification, feel free to ask.
Search Strategy:
Google search on keywords: Maryland Motor Vehicle
://www.google.com/search?q=Maryland+Motor+Vehicle
Once on the MMVA website, I clicked on the "Download
Forms" and the "Frequently Asked Questions" buttons.
I added my personal experience to the answer as well.
Looking Forward, denco-ga |
