Auto >> AutoSPT >  >> Car Photos

How does an executor of estate sell the car?

1. Obtain the title to the car. The title is the legal document that proves ownership of the car. It is typically held by the Department of Motor Vehicles (DMV) in the state where the car is registered. The executor of the estate will need to contact the DMV and request a copy of the title.

2. Pay any outstanding debts on the car. If there are any outstanding debts on the car, such as a car loan or parking tickets, the executor will need to pay them off before the car can be sold.

3. Determine the value of the car. The executor will need to determine the value of the car in order to set a sale price. This can be done by checking online car pricing websites, getting quotes from car dealerships, or hiring a professional appraiser.

4. Find a buyer for the car. The executor can sell the car to a private buyer or through a car dealership. If selling the car to a private buyer, the executor should be sure to get a bill of sale and payment in full before releasing the car.

5. Transfer the title to the new owner. Once the car is sold, the executor will need to transfer the title to the new owner. This can be done by filling out and signing the title transfer form and taking the form to the DMV.