Here is what you need to know when selling your car in Oregon.
So you need to sell your car in Oregon. What do you need to do in order to get it all set for the new owner? With a little help from the DMV, you’ll be on your way to getting your car off to its new home.
Firstly, you need to make sure the certificate of title is signed by yourself and is ready for the new owner to sign too. In the case that there is more than one owner listed, you’ll need to obtain their signatures as well.
The second item you need to fill out on the title is the odometer reading. The space for the odometer disclosure is located on the back of the title. You also have the choice to get a hold of an Odometer Disclosure (Form 403) from the DMV. There are two instances when the odometer disclosure isn’t required. One instance is when you have a car that wasn’t made with an odometer (it’s pretty hard to know the number of miles with no odometer to go off of!). The other time you won’t need it is if your vehicle has passed its 10th birthday.
When you hand over the car, the buyer might want a bill of sale. The form for this is Form 735-501. This document will record your car’s make, model, sale date, price at which it was sold, the names and addresses of both you and the buyer, license plate number, and the Vehicle Identification Number.
Now, this is where the DMV comes in. Once you’ve sold the car, you’ll want to let the DMV know within 10 days so that you won’t be held responsible for any expenses that show up for the car once it’s been taken away by the new owner. You have the choice to utilize snail mail in order to notify them or you can complete the process online.
For snail mail, send a filled out Notice of Sale or Transfer of a Vehicle (Form 735-6890) to the following address if you’re an Oregon resident:
1905 Lana Avenue NE
Salem, OR 97314
If you choose to go the online route, the form you’ll need to fill out can be found at the following link: http://www.oregon.gov/ODOT/DMV/Pages/Online_Services/Online_Index.aspx
Also, in addition to transferring the title and offering a bill of sale as evidence, don’t forget to cancel your insurance. When you’re selling your car privately, if these changes aren’t attended to, you could end up in a sticky situation if the new owner gets in an accident and all of the damage is filed under you because you’re still on the insurance or title. There are two other forms that can ensure this transfer is documented and they may or may not be required by the DMV or other departments in your state that handle vehicle matters. These would be release of liability or notice of transfer forms. If not required, they will at least be offered as an option. Please visit the following link for more information.
Everything’s now in place. Time to get your car sold!
“Oregon DMV Transferring Your License Plate.” Oregon DMV Transferring Your License Plate. Oregon.Gov, n.d. Web. 24 Aug. 2016. http://www.dmv.org/or-oregon/buy-sell/selling-your-car/paper-work-when-selling-a-car.php
“Oregon DMV Online Services.” Oregon DMV Online Services. N.p., n.d. Web. 24 Aug. 2016. http://www.oregon.gov/ODOT/DMV/Pages/Online_Services/Online_Index.aspx