DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. Disclosure.
The content is for informational purposes only. Conduct your own research and seek advice of a licensed financial advisor. Terms.
How to Sell a Car in New York?
There are three main ways to sell your car in New York:
Jump to: Sell Car Privately
Jump to: Sell Car to Car Buying Website
Jump to: Sell Car to Dealership
| Privately | Car Buying Website | Dealership | |
|---|---|---|---|
| Turnaround | 7-14 days | 24-72 hours | 7-10 days |
| Effort needed | Most | Fill online form | Visit office |
| Best for | Used cars | Junk and old cars | Mostly new cars |
Sell Car Privately in New York
Step 1: Get Your Car Ready for the Photoshoot
To get the most appealing shots that will captivate consumers, first ensure that your vehicle is photoshoot-ready. Here’s how you do it:
- Remove trash
- Remove your personal belongings
- Get your car washed inside out
- Vacuum the floor mats
When your car is ready, take photos from various angles to appeal to consumers.
Step 2: List Your Car for Sale Online
When selling a vehicle in New York, you’ll need a platform to engage with buyers. The good news is that there are several markets available to assist you with the procedure.
Submit your photos, write a concise and precise description, and then submit your ad to alert potential buyers that your car is for sale.
Best platforms to list your vehicle on are:
Step 3: Agree to a Car Inspection (If Asked)
If you have a genuine buyer, they may only proceed with the purchase if they are allowed to see the car. Don’t let this condition derail your purchase; instead, agree to get your vehicle inspected. Buyers usually pay for the inspection because it is not required by New York law.
Step 4: Gather Paperwork
Certificate of Title
You’ll need to fill out the transfer of ownership section of the certificate with the following details:
- Buyer’s name and address
- Odometer reading (for cars under 10 years)
- Damage disclosure
- Selling price
- Date of sale
- Signatures of you and the buyer
Bill of Sale
New York law requires a bill of sale (Form MV-912) for any title transfer, even if the transfer is a gift,
Vehicle History Report
It is the buyer’s responsibility to check the vehicle’s history.
However, you can demonstrate the worth of your vehicle, particularly if it has never been in an accident and you have kept up with maintenance. I suggest Bumper as the best value report.
Step 5: Arrange a Test Drive
Before making a final decision, some buyers may wish to test-drive the car. So, in order to organize it, keep your calendar flexible.
I recommend meeting the buyer in a crowded area, such as street parking, for safety concerns. In addition, request the buyer to show you their driver’s license and proof of auto insurance.
Step 6: Remove the License Plates
Before finishing the transaction, remove the license plates. You have the option of transferring them to another vehicle or returning them to the DMV for a partial refund.
The buyer has to register the vehicle and obtain a new title.
Step 7: Cancel Auto Insurance
It makes no sense to continue paying insurance costs after you’ve sold your automobile. So make sure to cancel it before incurring any more expenses.
Sell Car to Car Buying Website
If you’d like to sell your car as quickly as within 48 hours, then you should definitely consider car-buying companies like Peddle and Wheelzy. Simply fill out an online application with your car details to get the quote, which is valid for 7 days. If you accept the offer, the company representative will visit you to pick up your car right from your driveway. They will hand you the check upon pickup too.
Peddle
Peddle Summary
- Buys used, damaged or junk car nationwide
- Get instant quote on (855) 925 4302
- Free towing within 48 hours after offer
- Receive payment upon car collection
How Much Peddle Will Pay for Your Car in New York
The table below shows few of the cars Peddle has recently purchased in New York
| Make | Year | Offer Value |
|---|---|---|
| Acura (MDX) | 2003 | $400 |
| Infiniti (FX35) | 2009 | $745 |
| Toyota (Corolla) | 2003 | $720 |
Wheelzy
Wheelzy Summary
- Wheelzy stores are open 7 days a week
- Get offer in minutes – (855) 510-1108
- Free towing of your car from your location
- Instant payment via cash or check
How Much Wheelzy Will Pay for Your Car in New York?
Here are a few examples of Wheelzy’s recent purchases:
| Make | Year | Mileage | Offer Value |
|---|---|---|---|
| Chevrolet (Cruze) | 2012 | Under 150,000 | $775 |
| Kia (Soul) | 2011 | Under 100,000 | $500 |
| Chrysler (Pacifica) | 2008 | Under 150,000 | $235 |
Sell Car to Dealership
If you have a fairly new vehicle and want to sell it quickly, try selling it to a dealership. Simply go to a nearby dealer and get a quote. The dealership will do a quick inspection and provide you with a pricing quote. You can leave the dealership with cash or a check in hand if the offer works for you.
Best dealerships in New York:
Sell Car in New York FAQ
What paperwork do you need when selling a car in New York?
To sell your car in New York, you’ll need to sign on the transfer ownership section of proof of ownership (i.e., title). You’ll also need a signed bill of sale and the Odometer and Damage Disclosure Statement (Form MV-902).
Does NY require a bill of sale for a car?
When you purchase or sell an automobile privately in New York, you must complete a bill of sale. You can use the Department of Motor Vehicles’ Bill of Sale or build your own. In either instance, the bill of sale should include the following information: selling date and price.
How much does it cost to transfer title in NY?
It costs $50 to transfer a title in New York. It’s typically your responsibility as a seller to pay this fee.
How long does it take to transfer a car title in NY?
The title transfer process may take several weeks to complete in New York. If the new owner doesn’t receive the title certificate within 90 days after applying, they must contact a DMV Call Center.
What is NY sales tax on cars?
There’s a 4% sales tax on cars in New York – the buyer is responsible for paying it.
Source link
#Sell #Car #York #StepbyStep #Guide