Buying and selling of assets involve a lot of paperwork. When it comes to selling an RV in the US, there are some specific rules to follow, involving owners to submit a number of documents to their state’s departments of motor vehicle (DMV). As long as you have all the papers in place, selling your pre-owned RV should not be a pain at all. Read on to learn about the documents you will have to submit, while selling your used RV in the US.
- RV Title
Vehicle Title represents the official agreement between a buyer and a seller, regardless of the automobile type. The owner will have to pass on the ’Certificate of Title’ to the buyer in order to conclude the RV selling process.
In the US, different states have different polices regarding title transfer. In Florida, for example, the owner needs to fill a form titled, ’Transfer of Title by Seller’ before the state DMV officials.
The title transfer document typically includes the following information:
- The signatures of both buyer and seller
- The date of sale
- Reading of Odometer (the instrument showing the total distance traveled by a vehicle)
If your used RV is more than 10 years old, you would be required to add a few more information including current RV mileage. The information regarding mileage is vital for the buyers as they in turn will have to furnish the information at the time of title application with their state’s DMV. In an effort to minimize the risk of loss or misplacement of documents, a growing numbers of car owners are maintaining their vehicle titles electronically. In case you only have an electronic title, you might be required to produce a hard copy of the title at the time of selling.
- Vehicle History Report
From a buyer’s perspective it is important to perform some background checks before you shell out a large sum for a used vehicle. The vehicle history report, which contains records of accidents, thefts, frauds, and other critical information about a used vehicle, provides the buyers with all of that. For RV owners, looking to sell their used RVs fast, Vehicle History report is a must-have document. It helps the owner to fetch a better price by boosting the buyer’s confidence. The RV owners can obtain this report from the DMV website.
- Bill Of Sale
The Bill of Sale is a document that is used to report the sale of a motor home. It is the proof of purchase for the buyer. However, it’s advisable that the seller also keeps a copy of the same.
In the US, Bill of Sale for a motor home should include the following information:
- Body style
- The vehicle title number
- Vehicle identification number (VIN).
- The odometer disclosure
- The date of sale
- Sale price
- The name and address of both the seller and the buyer
Both the seller and buyer should sign the document along with the date. It is not mandatory in several US states, but DMV suggests having the Bill of Sale notarized to add to the document’s authenticity. Just like the vehicle history report, the forms for the bill of sale can also be downloaded from the DMV website.
Arrange for the right documents well in advance to turn the RV sell into a smooth sailing process. While preparing your documents, make sure that information is accurate. Check whether the VIN on the title matches to VIN on the vehicle, and finally get all the necessary signatures from the people and officials, concerned.