Regulations for Buying and Selling a Car in New JerseyThere is a lot more to think about than just the type of vehicle and asking price when buying or selling a new or used car.You'll need to think about the taxes you'll need to pay, the registration and titling fees you'll owe, the car insurance policy you'll need to buy, and any vehicle inspections you'll need to pay for.When buying or selling a vehicle, it's also important to complete all required paperwork to transfer ownership legally. This protects both the buyer and seller, and avoids problems with the New Jersey Motor Vehicle Commission (MVC).Selling a Vehicle in New JerseyUnless you're transferring your license plates to another vehicle, you'll need to remove them from the sold vehicle and turn them in to a,. You'll also need to sign the back of the existing title and include the sale price and odometer reading.
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The signed-off title goes to the buyer.As an added protection for you as the seller, you may want to also fill out a.