Fairfax Virginia Installment Sale and Security Agreement Regarding Sale of Automobile from One Individual to Another

State:
Multi-State
County:
Fairfax
Control #:
US-0280BG
Format:
Word; 
Rich Text
80 downloads

Description

This form is an installment sale and security agreement regarding sale of automobile from one individual to another.
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FAQ

The Virginia Department of Motor Vehicles (DMV) implemented the Commonweath's Electronic Lien and Title (ELT) System in 1995. The System gives you the capability to electronically exchange lien and title information between the lienholder and the motor vehicle agency.

Bill of Sale in Virginia, which can be drafted by hand if necessary, does not need to be notarized. However, each document should feature the following information in order to serve its purpose: The names, contact information, and signatures of the buyer and seller. A full description of the vehicle.

How to Sell a Car in Virginia Step 1: Organize and gather all related vehicle documentation. Step 2: Transfer the Title. Step 3: Remove the seller's license plates from the vehicle. Step 4: Inform the Virginia DMV that you have sold, traded or donated the vehicle. Step 5: Cancel your insurance.

If you have purchased a new vehicle, titled it in your name and plan to transfer your existing license plate from your previous car, you will need to visit your local Virginia Department of Motor Vehicles service center. Because you are registering a new vehicle, you cannot take care of your transaction online.

If the vehicle is five years old or less, you'll need to sign an Affidavit of Vehicle Purchase Price Form (SUT 1A), which does need to be witnessed by a notary.

Unlike many other states, Virginia does not require a bill of sale to sell your car. That being said, a bill of sale is a legal record that proves the transaction was carried out. Therefore, it's suggested that a bill of sale is created for the benefit of both the buyer and the seller.

What You'll Need to Do to Transfer your Vehicle Title in Virginia Visit the DMV near your area. Consider making a DMV appointment or getting a line waiting concierge. Submit the documents. Pay the fees. Record the odometer reading. Select electronic or paper title.

You will need to visit a Virginia DMV office and file an Application for Certificate of Title and Registration (VSA 17A), while showing proof of ID, to transfer your car's title. This process doesn't take long if you have documents and payment ready. Transferring the title is necessary if selling or buying a vehicle.

You have the option of an electronic or paper vehicle title. If you choose an electronic vehicle title, you can order a paper vehicle title from the VA DMV if you ever need one. Once the VA vehicle title transfer is complete, you can register your vehicle.

You will need to visit a Virginia DMV office and file an Application for Certificate of Title and Registration (VSA 17A), while showing proof of ID, to transfer your car's title. This process doesn't take long if you have documents and payment ready. Transferring the title is necessary if selling or buying a vehicle.

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Fairfax Virginia Installment Sale and Security Agreement Regarding Sale of Automobile from One Individual to Another