28 Apr WHAT PAPERWORK IS REQUIRED TO SELL A JUNK CAR FOR CASH
Selling junk cars and getting top dollar for junk cars is easy when you have the necessary documentation for it. Read on to know more about the paperwork required to sell a junk car for cash and how Cash For Junk Cars Chicago – Smart Tow Inc makes the whole process fast, safe and easy.
THE TITLE OF THE JUNK CAR
The junk car’s title is a vital document that proves your ownership of the car. It shows that you own the right and legal capacity to sell the car. Before proceeding with the sale of junk cars, ensure that you abide by the state’s regulations related to junk car selling. That is because different states have various rules on titles of salvaged cars.
A junk car that has proof of ownership is a junk car that is easily sold. Scrap car buyers prefer to buy junk cars from their legal owners. Hence, it is very important to have junk cars title to get the maximum cash for junk cars.
REPLACEMENT OR COPY OF THE TITLE
In case you do not have the title of your junk car or you have lost your title, then you can obtain a replacement from your state’s Department of Motor Vehicles (DMV). You do not have to visit their office to get your title. All you need to do is visit their website and click on the lost titles icon. You will most likely find a copy of your title there. On unavailability of any form of title, you may use the Bill of Sale to record the sales process.
RELEASE OF LIABILITY
A release of liability form is submitted to the state’s DMV within a certain number of days after the sale of a junk car. It is required when selling a junk car to a private party. Filing the release of liability ensures that the previous owner is not responsible for any risks or other matters related to the vehicle. Generally, a release of liability form or notice of transfer includes the following information:
- Name and contact information of the Junk car owner.
- Name and contact information of the buyer.
- The date of title transfer.
- The Vehicle Identification Number (VIN).
- The license plate number of the junk car.
- The make, model, year, and color of the junk car.
- The odometer reading at the time of junk car’s sale.
The information required to be mentioned in a release of liability form may vary depending on the state. Hence, it is suggested to check with the respective state’s DMV for specific details regarding the release of liability.
A copy of the unexpired warranty can also be provided to the buyer. It is completely optional but can become a good selling point. Hence, warranty information is an optional document in selling a junk car and getting top dollar for junk cars.
You can also gather mechanic records of your regular mechanic checks and upgrades of your vehicle. It will help answer questions related to the vehicle. It is not necessary to have maintenance records, it is completely optional. But providing a maintenance document helps in getting a better and accurate price quote. It also increases the chances of getting max cash for junk cars.
THE BILL OF SALE
The Bill of Sale is a printed legal document that is used for transferring vehicle ownership. It cannot act as proof of ownership. It only serves as an indication of the successful transfer of ownership from one party to another.
The Bill of Sale contains the following:
- Names of the buyer and the seller.
- The date of the sale.
- Description of the car.
- The total distance covered by the junk car at the time of the sale.
- The price of sale or consideration.
As Title is considered as the only proof of ownership, it is mandatory to transfer the title while selling the junk car for cash.
SELL YOUR JUNK CAR TO CASH FOR JUNK CARS CHICAGO – SMART TOW INC
CASH FOR JUNK CARS CHICAGO – SMART TOW INC is a reliable buyer in the junk car industry. We offer junk car removal and cash for junk cars in Chicago, Illinois. Our entire process starting from getting a free quote, scheduling a free pickup, and getting paid in cash for junk cars is quick and easy.
All our offers are the highest paying ones in the market. We offer the best possible cash for junk cars because we value all kinds of junk cars. You can get started on earning $500-$5000 cash for junk cars by obtaining a free quote from us online. Once you accept our offer, we will schedule a free pickup based on your convenient time. All our services are free of cost including the towing service. When you sell your junk car to CASH FOR JUNK CARS CHICAGO – SMART TOW INC, there will be nothing left to worry about. We promptly pay the cash on the spot after attaching the vehicle to the tower.
WHAT PAPERWORK IS NEEDED TO SELL YOUR JUNK CAR TO CASH FOR JUNK CARS CHICAGO – SMART TOW INC
Some documents that are necessary for selling a junk car include the junk car’s title and bill of sale. You can also include your mechanic’s report if your junk car has undergone a few improvements or upgrades. It helps obtain a more accurate price quote for the junk car. A better price quote ensures a higher amount of cash for junk cars.
Although there are other documents helpful in getting cash for junk cars, the most important document is the title of the junk car. In case, even if you do not have a title you may contact us and explain your situation. Getting cash for junk cars without title can be difficult. With CASH FOR JUNK CARS CHICAGO – SMART TOW INC, it is a breeze. We will consider buying your junk cars without title and pay top dollar for junk cars. Our offers are the same for junk cars without a title. We pay top dollar for junk cars with title or without a title. When you sell your junk car to CASH FOR JUNK CARS CHICAGO – SMART TOW INC, we will take care of the paperwork for you, so you can rest easy and earn some fast cash for junk cars.
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Start selling your junk car by filling out our online form or Call Us: +1 708-663-1010