A Comprehensive Guide to Selling Your Car in Oklahoma
by SnapAutos Dec 8, 2022 Blog 2022
Are you thinking about selling your car in the state of Oklahoma? Whether you’re upgrading to a new vehicle or simply looking to free up some cash, selling a car can be a smooth process with the right information and preparation. To help you navigate the process successfully, we’ve put together a comprehensive guide on how to sell a car in Oklahoma. From gathering the necessary paperwork to completing the sale, we’ve got you covered every step of the way.
Step 1: Gather Your Paperwork
Before you embark on the journey of selling your car, make sure you have all the necessary paperwork in order. In Oklahoma, the essential documents include:
- Certificate of Title: Make sure the title is in your name, and there are no liens or loans against the vehicle. If there are, you’ll need to pay off the loan and obtain a lien release from the lender.
- Oklahoma Vehicle Inspection: Vehicles older than 4 years must pass a safety inspection before they can be sold.
- Bill of Sale: Although not required by the state, a bill of sale serves as a record of the transaction and can protect both the buyer and the seller.
Step 2: Negotiate and Finalize the Sale
When you receive inquiries from potential buyers, be prepared to negotiate. Remain patient and open to offers, but also have a clear bottom-line price in mind. Once you and the buyer agree on a price, follow these steps:
- Complete the Bill of Sale: Although not required by the state, a bill of sale can help protect both parties by documenting the sale details and terms.
- Complete the Oklahoma Tax Commission Form 799: Both the buyer and the seller must fill out their respective sections of this form and submit it to the Tax Commission.
- Transfer the Title: Sign over the title to the buyer and ensure it is properly completed with accurate information. The buyer will need this title to register the car in their name.
- Remove the License Plates: In Oklahoma, license plates stay with the seller, so remove them from the vehicle.
- Payment: Decide on a secure payment method. Cash or a certified check are common options. It’s recommended to complete the transaction at a bank to verify the payment’s authenticity.
Step 3: Notify the Oklahoma Tax Commission
As the seller, you are required to notify the Oklahoma Tax Commission within 30 days of selling the vehicle. This can be done by submitting the Notification of Transfer of Vehicle Ownership (Form 773) online or by mailing it.
Step 4: Cancel Your Insurance
Once the sale is finalized, contact your insurance company to cancel coverage for the sold vehicle. You may also need to transfer the insurance to your new vehicle if you’re purchasing one.
Selling a car in Oklahoma involves several steps, but with careful preparation and attention to detail, the process can be both successful and straightforward. By following these steps, you’ll be well on your way to selling your car and navigating the process with confidence. If you have questions or are unsure of the process, feel free to contact us to walk you through any questions you have. If you’re overwhelmed with the information and just want an easy way to sell your car for the most amount of money, check out SnapAutos. We’re a platform that allows you to list your vehicle and get multiple offers within hours, all from the comfort of your own home. Get started here.
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