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What do you have to do legally when paying cash for a car from individual?
Wiki User
∙ 14y ago
write a bill of sale!!, include the VIN, the car make and model, year, color, cash value of sale, mileage, address of yours, his, names, and signatures and dates involved, and have a witness there to sign it with you!! I'll give you an example...copy and paste if you want.. I, < sold , 1 year color make model, to <, for $, on 99/99/9999. the vin # is***************, it has current mileage of xxxxxx, and was sold as is with no implied warranty or otherwise. Buyer assumes this, and car is bought with all existing issues present. buyer: name adress phone signature seller: name address phone signature witness signature AND IMMEDIATELY TURN IN A RELEASE OF LIABILITY WITH THE DMV AS A SELLER!!!
Wiki User
∙ 14y ago
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Does buying a car and paying it in cash fully increase credit score?
No, credit is about responsibility over time. Paying cash doesn't help.
You loan your sister cash to buy a car can you reposs the car if loan not paid?
If it was straight cash no. If you have signed and notarized doucuments than yes you can legally repo the car.
What are Pros and cons for paying cash for a car purchase or getting a loan?
Paying cash you pay less since no interest & you do not have to have full coverage insurance which saves more money.
Is there a Federal Law or any law that requires a car dealership to run a credit check even if paying cash for the car?
no if its cash no need of runing a creditncheck
What are the advantages of paying cash for a new car?
If you have enough disposable income with which to pay for a new car with cash, then do it. The advantages are in not having to pay any interest on a loan.
If you pay for a car in cash is the price usually cheaper than the sticker price?
The sticker price is either for cash or financing. The car company doesnt care if u give them cash or the bank gives them cash. It is easier to negotiate when paying cash tho
How much of a discount should you get when paying cash for a car?
You should negotiate the same way for a vehicle whether you are paying cash or getting a loan. You should always try to get the lowest price and then explain your payment method to the salesperson. When paying cash, try to at least negotiate a 10 to 20 percent discount.
Paying cash for 12000 used car how much discount can you ask?
See the related link below.
Do you get a better deal paying cash or credit for a new car?
Cash, your if accidentally can not pay your credit score will tank and you will lose a lot of money now and later.
What is your recourse in Texas if you was paying for a car to an individual who was not making payments to his lienholder and the car was repossessed?
Do you have anything in writing??Cancelled checks???Your only recourse is to sue the individual who took your money.
Where can I find information about cash back car deals?
Car manufactures and dealers offer cash back deals throughout the year. The type of deal will depend on each individual dealer.
How much is a car payment on a used car?
It depends on the seller of the car or what will be your agreement. If you buy a car in a car shop preferably they have a paying scheme for that wither you pay it as good as cash, installments or by car loan financing.
