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during this video you will learn what
information you need to know when buying
or selling a vehicle from a private
seller
the seller of the vehicle is required to
complete the certificate of title for a
vehicle
in order to transfer the name on the
title
the seller's name and lien holder are
listed on the front of the title
if a lien is listed the lien release
portion on the title must be completed
if the lien release portion is not
completed a lien release letter will be
accepted
if the title is issued in more than one
name all owners listed on the title
must sign as the seller if you are
signing on behalf of a company
you must state your position on the back
of the certificate of title
under the seller information box the
seller must complete
signature and printed name of the seller
date of sale
selling price trade-in price if any
and total price paid the seller will
also need to complete the purchaser
information box
they must complete the name of purchaser
and address information
along with the lien holder's name and
address information if applicable
the seller is also responsible for
completing the federal odometer
statement
if the miles for the vehicle are the
actual miles no odometer boxes on the
title should
be checked after the seller has
completed the required fields on the
form
the buyer must sign and print their name
in the applicable fields
we recommend the buyer check the
odometer mileage
odometer brand and title of the brand
located on the front of the title before
signing to ensure
all the information and mileage is
correct
the seller should remove the license
plate from the vehicle at the time of
the transaction the buyer is responsible
for obtaining a new certificate of title
registration and license plate they can
do this by bringing the completed
certificate of title for a vehicle
along with all of the required paperwork
to any bmv branch
