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How to trade cars?

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Old Apr 20, 2006 | 02:56 PM
  #1  
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Default How to trade cars?

I've never traded cars with someone before, so im asking how does this work?

Do you just hand each other the title/keys and thats it?

is there supposed to be a contract made or anything else?

any help is appreciated thanks.
Old Apr 20, 2006 | 03:00 PM
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Default Re: How to trade cars?

just sign the title over, thats all I had to do and then I took the title and everything to the new car to dmv and got my tags and went on my way.
Old Apr 21, 2006 | 07:24 AM
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Default Re: How to trade cars?

bill of sale just in case!
Old Apr 21, 2006 | 08:23 AM
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Default Re: How to trade cars?

what if there is a lein on one of the vehicles?
Old Apr 21, 2006 | 08:32 AM
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Default Re: How to trade cars?

unfortunately you still have to pay the taxes.
Old Apr 21, 2006 | 09:27 AM
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Default Re: How to trade cars?

I'd make a bill of sale for each car with a low price on it. Therefore, you have proof of the transaction and you'll pay less in taxes at the DMV.
Old Apr 21, 2006 | 09:30 AM
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Default Re: How to trade cars?

If there is a lien on it, you have to contact the finanical company to see if you can trade cars- Tell them what it is and see what they say
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