Selling a car in New Hampshire involves specific requirements and procedures that may differ from other states. This step-by-step guide will walk you through the process of selling a car in New Hampshire, including key considerations unique to the state.
Step 1: Gather Required Documentation
Before selling your car, ensure you have the following documents ready:
Title: Ensure you have the original vehicle title, properly signed and dated by the seller(s). If there is a lien on the vehicle, include a lien release from the lienholder.
Bill of Sale: Although not required by the state, it is recommended to have a bill of sale that includes the vehicle's details, sale price, buyer and seller information, and date of sale. This document protects both parties in case of any future disputes.
Odometer Disclosure Statement: If your car is less than ten years old, provide an accurate odometer reading and complete the Odometer Disclosure Statement, available on the New Hampshire Division of Motor Vehicles (DMV) website.
Valid Identification: As the seller, provide a valid form of identification, such as a driver's license or passport.
Step 2: Determine the Vehicle's Market Value
To establish a fair asking price for your car, research its market value using online resources such as Kelley Blue Book, Edmunds, or NADA Guides. Consider factors such as the car's age, condition, mileage, and any additional features.
Step 3: Prepare the Vehicle for Sale
To maximize the selling potential of your car, take the following steps:
Clean and Detail: Thoroughly clean the interior and exterior of the car to enhance its visual appeal. Consider professional detailing for a more polished appearance.
Maintenance and Repairs: Address any necessary maintenance or repairs to ensure the vehicle is in optimal condition.
Gather Maintenance Records: Compile any maintenance or repair records to demonstrate the car's history and provide reassurance to potential buyers.
Step 4: Advertise and Market Your Car
Effectively marketing your car increases its visibility and the likelihood of finding a suitable buyer. Consider the following avenues:
Online Listings: Utilize popular online platforms like AutoTrader, Craigslist, or local classified websites to advertise your vehicle. Provide detailed information, clear photos, and contact information.
Social Media: Leverage social media platforms to spread the word about your car. Share information, photos, and contact details with your network and relevant community groups.
Local Newspapers and Bulletin Boards: Consider placing an advertisement in local newspapers or posting flyers on community bulletin boards.
Step 5: Negotiate and Complete the Sale
Once you find a potential buyer, follow these steps to finalize the sale:
Test Drive: Accompany the prospective buyer on a test drive to ensure they are satisfied with the car's performance.
Negotiate Price: Be prepared to negotiate the selling price. Set a realistic minimum price and consider the market value, condition of the car, and any unique features it may have.
Payment: Agree on a payment method. It is recommended to accept a secure form of payment, such as a cashier's check or money order, to avoid potential scams. If the buyer pays with cash, ensure to verify the authenticity of the bills.
Complete Necessary Forms: Complete and sign the title transfer portion on the back of the original title, including the buyer's name, address, and purchase price. Provide the buyer with a bill of sale.
Step 6: Notify the New Hampshire DMV
To complete the sale officially, notify the New Hampshire DMV of the transaction:
Remove License Plates: Remove the license plates from the vehicle and keep them for future use or surrender them to the DMV.
Complete the Notice of Sale: Within 10 days of the sale, complete the Notice of Sale form (Form TDMV 22A) and submit it to the New Hampshire DMV. This form ensures that you are not held liable for any future violations or accidents involving the vehicle.