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Ford_fixer t1_jdiwz7f wrote

Make sure to write up a quick "bill of sale" with the buyer and seller's name & address, vehicle vin number and selling price. Both of you then date & sign it. I usually write up 2 copies beforehand to be ready just to sign....

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dalex89 t1_jdikicm wrote

Pretty much, I bought a 09 Honda fit for $300 when I told the lady filling out my stuff she's like "it's alright you can make it whatever price you want" but I actually bought it for $300 lol

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Ford_fixer t1_jdiwiu3 wrote

This is true, but if your stated price is far below market value, they can refuse and investigate. That's why you tell them that it is in need of major repairs, engine or trans 😏

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dalex89 t1_jdiz43u wrote

My old roommate thought it needed a transmission but I ended up just filling it with fluid because it had a slow leak at the axle seal, I guess he never checked the transmission fluid. Cosmetically it looked beat, not a car wash in 10 years

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[deleted] OP t1_jdirgse wrote

[deleted]

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Aggravating_Foot_528 t1_jdiwn5b wrote

If the purchase price is too low it may flag something. They expect an "arms length" transaction when calculating sales tax.

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No-Setting9690 t1_jdj20nt wrote

I have never stated more than state minimum for private party car purchases.

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B0bb3r7 t1_jdiyrx0 wrote

While not strictly required, maintaining detailed records of the sale would be ideal. If the amount paid was very low or abnormally low (e.g. sales for $1), PA reserves the right to investigate and tax the actual value of the car.

You'll want to work with someplace that specializes in vehicle titling. Some notaries will decline to handle titles.

Penndot has information, too: https://www.dmv.pa.gov/VEHICLE-SERVICES/Title-Registration/Pages/Buying-a-Vehicle.aspx

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