Private party car sale?

1,767 Views | 12 Replies | Last: 4 yr ago by ccolley68
BmtAg96
How long do you want to ignore this user?
Working on closing a deal to sell my car to an individual. Any advice on the most secure way to complete the transaction? Cashier check, bill of sale signed by buyer and seller?
LOYAL AG
How long do you want to ignore this user?
The state has a form you'll both have to sign that's effectively a bill of sale.
The federal government was never meant to be this powerful.
BmtAg96
How long do you want to ignore this user?
What is the form?
LOYAL AG
How long do you want to ignore this user?
Knew you'd ask but I was laying in bed and too lazy to look.

I think you're looking for VTR-346.
The federal government was never meant to be this powerful.
EMY92
How long do you want to ignore this user?
Anyone with a decent printer can create a fake cashiers check.

Get cash or use a wire transfer.
aggiedata
How long do you want to ignore this user?
The form

https://www.txdmv.gov/sites/default/files/form_files/130-U.pdf

Plus Don't leave your plates on.

Quote:

Texas, the sold vehicle's license plates remain with the seller; they do not become the buyer's property. Make sure to remove them since they can ultimately be transferred to another vehicle. You'll also need to remove the registration sticker.Mar 4, 2021


https://www.jdpower.com/cars/shopping-guides/how-to-sell-a-car-in-texas
Aggietaco
How long do you want to ignore this user?
EMY92 said:

Anyone with a decent printer can create a fake cashiers check.

Get cash or use a wire transfer.
Cashier's check is fine, just meet at their bank to finalize the deal and verify funds.
Mookie
How long do you want to ignore this user?
Accept cash or offer to meet at their bank to get certified funds.

Texas 130-u
Keep your plates
VTR-346
Keep your plates
Print a quick "I'm selling this vin to this guy for this much" note and both sign it
Keep your plates
Take a pic of the guys texas DL
Keep your plates

If the buyer threatens to walk over no plates, print an in transit tag from the DPS website.

Keep your plates
BmtAg96
How long do you want to ignore this user?
Regarding cashiers check. I do not have the sellers bank in my home town. What about calling the buyers issuing bank to verify check is valid?
BmtAg96
How long do you want to ignore this user?
The 130-U is an application for Texas Title. The buyer would need to complete this and file with their local tax assessor, correct? I would not be a party to this, correct?
Aggietaco
How long do you want to ignore this user?
BmtAg96 said:

Regarding cashiers check. I do not have the sellers bank in my home town. What about calling the buyers issuing bank to verify check is valid?
That's an option if the party seems trustworthy. There are several "how to spot a fake check" type sites I would review before accepting it either way. And if you go that route, make sure you look up the banks number on your own and don't just trust the number of the check.
Aggietaco
How long do you want to ignore this user?
BmtAg96 said:

The 130-U is an application for Texas Title. The buyer would need to complete this and file with their local tax assessor, correct? I would not be a party to this, correct?
Similar to the cashier's check, you can go with them to the county tax office to ensure this happens. It's a pain in the ass that likely isn't necessary, but the only way to guarantee it happens.
JSKolache
How long do you want to ignore this user?
BmtAg96 said:

The 130-U is an application for Texas Title. The buyer would need to complete this and file with their local tax assessor, correct? I would not be a party to this, correct?
See bottom "Signature of Seller..."
ccolley68
How long do you want to ignore this user?
Mookie said:

Accept cash or offer to meet at their bank to get certified funds.

Texas 130-u
Keep your plates
VTR-346
Keep your plates
Print a quick "I'm selling this vin to this guy for this much" note and both sign it
Keep your plates
Take a pic of the guys texas DL
Keep your plates

If the buyer threatens to walk over no plates, print an in transit tag from the DPS website.


Keep your plates


Or just write in-transit in white tape or shoe polish across the back window. Very popular on car trains going south on 59 for some reason.
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.