has anyone sold a car before?

[pne]

I'm trying to sell a car privately, and I'm just wondering how this works. The buyer said he would show up with cash tommorow to pick the car up. I have the title/registration ready to transfer, but what about insurance? Do I have to call in and cancel that before the title is transfered? Reason being tomorow is sunday and my broker is closed... Also, when I hand over the car I am removing the plate. If the buyer drives it home like this, and gets into an accident, will the police treat the liability as on the vehicle (insurance still in my name) or the current owner(buyer with no insurance or regisration yet)?

 

[kentamcolin]

Sign over the title after receiving full payment. Remove the plates and give the buyer a written bill of sale including date and Vehicle Idendification Number, which you have both signed and dated. The buyer can register immediately for plates and that's all they will need. Don't wory about contacting your broker on a Sunday, you'll pay one more days insurance than necessary waiting until Monday but do not cancel insurance before the sale is complete. If the buyer asks for a test drive before buying (likely and smart) and something happens you'll need the insurance coverage. The insurance goes with the car no matter who is driving, and the legal owner is responsible to provide insurance (that's you until the deal is done). After you sign over title and you both sign a bill of sale (have two copies, one for each buyer and seller), the car is no longer your responsibility; even if they total it backing it out of your driveway.

Good luck and congrats on the sale. It's not always easy to find a buyer.