If you live in New Jersey and have a car to sell, it's important that you know the ins and outs of selling a car in New Jersey. Each state has their own laws and regulations so it's imperative that you familiarize yourself with the rules to which you should adhere when selling a car in New Jersey.
- When you sell a car in New Jersey, you'll need to remove your existing car tags. You may either transfer the existing tags to another car you own or, if you don't need the tags, you must return them to your local Department of Motor Vehicles. You may NOT allow the tags to remain on the car after you have transferred the title.
- Obtain the title and complete the information on the back. You'll need to have the odometer reading, buyers name and address, along with the date of the sale. Make sure you sign off on the back of the title under the "Seller" location. Legally, you have only ten days to transfer the New Jersey title to the new owner, although, frequently, the title is given at the time of the sale, especially if the sale is a cash sale. If, however, you accept a personal check, it is advisable to wait until the check clears before handing over the title.
- Give the buyer a bill of sale. Although not necessary within New Jersey, it's advisable to give the buyer an official receipt and to keep a copy for your own records.
Tips: If you need to sell a car in New Jersey but the car is not worth much, consider donating the car to a worthwhile organization. Charities are always in need of automotive donations and any little bit helps.
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