If you're selling your car in Florida, you need to have your title handy. A signed vehicle title officially transfers ownership to another party. Signatures do not have to be notarized and you do not need to provide a bill of sale for the transaction, but you should notify the state of your sale.
Vehicle Title
The Florida Department of Highway Safety and Motor Vehicles (DHSMV) website states that you (as the seller) are responsible for filling out the title. Fill out the odometer in the space provided and the vehicle's selling price. A space is provided for you to both sign (on the left) and print (on the right) your name in the section labeled "Transfer of Title by Seller." Also include the name and the address of your buyer, although he will have to sign the title to complete the transfer. If an additional buyer exists, she must sign and print her name in the area provided for the co-purchaser. The Florida DHSMV website also suggests you make a copy of both the front and back of your title to keep for your records after the sale.
Lien Release
Give the buyer a lien release, if a lien is named on the title. A lien holder is the bank that originally financed or leased the car. Once the loan was paid off, you should have received a lien release that states the loan has been satisfied. Give the buyer the original copy, as a copied lien release is invalid.
Notice of Sale
According to the Florida DHSMV website, you have 30 days to bring the Notice of Sale form (form HSMV82050) to a local tax collector's office (see Resources), which in turn, updates state records that the vehicle has been sold. Submitting this form ensures you will incur no liability for future accidents or violations that the new owner causes. Unless you go with the buyer to confirm the transfer of title, you should submit this form as soon as possible.
Plates and Insurance
Return your plates to a county tax office--do not lend the plates to the buyer. Call your insurance company to update your policy and remove the sold vehicle.
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