Are you planning on selling your car in Oregon?
Although many people think that selling their car will be a simple transaction, the reality is that there are a variety of things you need to do to sell your car in Oregon including following this process:
Tips For Selling Your Car In Oregon
Step 1 – Get The Certificate Of Title Ready:
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.
Step 2 – Prepare A Bill Of Sale:
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.
Step 3 – Send The Bill Of Sale Or Certificate Of Title To The DMV
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
If Your Car Is Dead, Sell It To Fred
Are you planning on selling your car because it’s not working? Call Fred’s Auto Removal today by calling us at (503) 810-3061 or click here to connect with us online.