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How to Sell a Car in New Brunswick

Map of New Brunswick

Selling a car privately in New Brunswick can be a great way to get more money for your vehicle compared to trading it in to a dealership. By finding a buyer directly, you can avoid dealer fees and profit margins. Selling privately does require more effort on your part, but you can potentially earn thousands more dollars. In this comprehensive guide, we will walk you through all the steps to successfully sell your car on your own in New Brunswick.

The process involves preparing your vehicle, gathering the proper ownership documents, pricing your car competitively, advertising it for sale, scheduling test drives, screening buyers, negotiating, finalizing the paperwork, and transferring ownership. While it requires some time and effort, selling privately puts more cash in your pocket. If you follow the steps outlined here, you can have a smooth and successful private sale.

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Prepare the Vehicle

Before selling your vehicle, you’ll want to make sure it is in the best possible condition in order to maximize the sale price. Here are some tips for preparing your vehicle for sale:

 

Cleaning

Give your car a thorough cleaning inside and out. Vacuum and wash floor mats, wipe down surfaces, clean the dashboard, wash the exterior, and make sure the wheels and tires look their best. A clean car makes a great first impression and shows buyers you have taken care of the vehicle.

 

Mechanical Inspection

Have a certified mechanic do a bumper-to-bumper inspection of your vehicle. Fix or address any issues they uncover to assure buyers the vehicle is mechanically sound. Provide buyers with a copy of the inspection report.

 

Cosmetic Repairs

Make any minor cosmetic repairs like touching up paint chips or scratches, mending cracks or tears in upholstery, replacing burned out lights, etc. While not always necessary for running condition, cosmetics affect perceived value and buyer interest.

 

Gather Ownership Documents

Before advertising your vehicle for sale, gather all the necessary ownership documents. This includes the vehicle’s registration certificate, bill of sale showing when you purchased the vehicle, and service records detailing maintenance and repairs.

The registration certificate proves you own the vehicle and have the right to sell it. It must be signed by the registered owner on the back to transfer ownership. The bill of sale from when you originally bought the car documents how much you paid. Service records verify the vehicle has been properly maintained.

Potential buyers will want to review these records to see the condition of the car and ensure there is no money owing that could complicate the sale. Having them ready in advance will make the sale process quicker and easier.

If you are missing any documents, contact the dealership where you bought the vehicle or the Government of New Brunswick to obtain replacements. It’s crucial to have complete ownership documentation before selling your used car privately.

 

Determine a Price

Research prices from online resources like Kelley Blue Book to accurately price your vehicle. You want to price it competitively based on similar vehicles for sale in your local market, but also high enough to get the most money. Check classified ads and online car listings in New Brunswick to see what comparable vehicles are listed for. Adjust your price accordingly – if your car is in great shape with lower miles, you can likely price it at the higher end. If it has more wear, faults or high mileage, you may need to price lower.

You also want to factor in options, packages and condition. Loaded, well-maintained cars in excellent shape will be worth more. Simple base models with a lot of miles and wear will be less. Consider any repairs or reconditioning you did that improved the vehicle – you may be able to earn that investment back. But don’t overprice based on work you put in – value is based on the current market.

 

Create a Bill of Sale

Creating a bill of sale is an important step when selling a used car privately in New Brunswick. While a bill of sale is not legally required, having one provides proof that the sale took place and contains important details about the vehicle and transaction.

The bill of sale should include the following information:

 

 

You can find bill of sale templates online or create your own document including the above details. Having an accurate bill of sale protects both the buyer and seller if any issues arise after the transaction. It also provides a paper trail showing the transfer of ownership.

 

Advertise the Vehicle

Once you’ve determined a fair price for your vehicle, it’s time to advertise it for sale. There are several effective options for promoting your car locally in New Brunswick:

 

  • Online classifieds: Popular sites like Kijiji, AutoTrader.ca and UsedNB allow you to create a detailed ad for your vehicle that will be seen by thousands of local buyers. Make sure to include plenty of photos and an honest description.
  • Facebook Marketplace: This feature on Facebook allows you to list your car for sale and reach all of your local connections. Create an eye-catching listing with key details to generate interest.
  • Dealership trade-in: Many local dealers like Fredericton Honda and O’Regan’s Volkswagen will appraise your vehicle and make an offer if they are interested in acquiring it for resale on their used car lot.
  • Print classifieds: Running a classified ad in your local newspapers like the Telegraph Journal and Times & Transcript can expose your vehicle to buyers who don’t shop online.
  • Car sale signs: You can have a large “For Sale” sign made for your vehicle to catch the eyes of passersby. Park on a busy street and make sure your sign includes the key details.

 

Be sure to include plenty of photos showcasing your vehicle from all angles, mention any desirable features or recent work done, and list your phone number and/or email address so interested buyers can contact you. Renew your ads frequently to keep your listing fresh and available to new potential buyers.

 

Schedule Test Drives

Test drives are an important part of selling a used car privately. As a seller, you’ll want to schedule test drives at times that work for both you and potential buyers. When scheduling test drives, keep the following tips in mind:

 

Safety Tips

For your own safety and protection, follow these tips when accompanied test drives:

 

  • Meet potential buyers in a public place like a parking lot or busy street.
  • Bring someone with you during test drives.
  • Ask to see the buyer’s driver’s license and insurance card.
  • Only allow short test drives within a few miles.
  • Don’t allow test drives without you in the vehicle.

 

Insurance Considerations

In most provinces, your insurance covers test drives as long as you are in the vehicle. However, check your policy or call your provider to confirm. Consider purchasing short-term insurance specifically for test drives if needed.

 

Always Accompany Test Drives

Never allow a potential buyer to test drive your vehicle alone. Always accompany them during the test drive. This allows you to observe their driving, answer questions, and protect your asset.

 

Screen Potential Buyers

When selling a used car privately, it’s important to screen potential buyers to avoid scams and ensure you find a qualified buyer. Here are some tips:

 

  • Ask to see the buyer’s driver’s license to verify their identity and eligibility to drive. Run a quick background check if you are concerned.
  • Require interested buyers to provide their name, phone number, and email or physical mailing address. Avoid buyers who seem reluctant to provide this information.
  • Ask questions to gauge car knowledge and determine if the buyer will actually use the car vs. scrap or export it. Get a sense of their intentions.
  • Be wary of buyers offering to pay the full asking price without seeing the car in person or taking it for a test drive.
  • Watch out for buyers who want to pay with cashiers checks or third party checks, which can be fraudulent. Insist on cash for the full amount.
  • Meet buyers in a public place and do not allow test drives unaccompanied. This will help avoid theft or dangerous situations.
  • Trust your gut feeling when interacting with buyers. If something seems suspicious, move on to other buyers.

 

Taking the time to properly screen buyers will help avoid potential scams and unsafe situations. You’ll have more success finding a qualified buyer who will actually use and appreciate your used car.

 

Negotiate the Sale

When negotiating the sale price of your car, start higher than your lowest acceptable price. This gives you room to negotiate down. Have a minimum price in mind that you’re willing to accept, and don’t go below it.

As offers come in, don’t accept the first one or counter with your lowest price right away. See if the buyer will increase their offer first. You can say something like “I was hoping to get at least $X for it” and see how they respond.

If their offer is quite low, counter back higher rather than rejecting it outright. For example, if they offer $5,000 and you want $8,000, counter at $7,500. They may agree to meet in the middle.

Avoid getting emotional or attached to any particular offer amount. Negotiate rationally and be willing to walk away from an unreasonably low offer.

When you receive an offer you’re willing to accept, make sure the buyer is serious and confirm the offer in writing before agreeing to it verbally.

If needed, negotiate additional terms like who will handle vehicle registration, included extras, contingencies, etc. Get the full agreed upon terms in writing before finalizing the sale.

 

Complete the Sale

Once you’ve agreed on a price and are ready to finalize the sale, follow these steps:

 

Review Paperwork

Before accepting payment, review all paperwork including the bill of sale, ownership documents, and any service records. Make sure all information is complete and accurate. Both buyer and seller should review and sign the bill of sale.

 

Exchange Payment

Accept payment from the buyer for the agreed-upon amount. Only accept secure forms of payment like cash, certified check, money order, or electronic transfer. Do not accept personal checks, as they can bounce. Count cash carefully before providing ownership documents.

 

Transfer Ownership

Once payment is secured, sign over the vehicle’s ownership documents to transfer the title to the buyer. Provide any other paperwork like service records. Keep a copy of the bill of sale for your records. Congratulations, you have officially sold your vehicle!

 

Transfer Ownership

Once you have negotiated and agreed on a price with the buyer, it’s time to officially transfer ownership of the vehicle. Here are the key steps:

 

Sign Over the Title

As the seller, you must sign and date the title certificate in the “Transfer by Registered Owner” section. This formally transfers ownership to the buyer. Make sure all information is filled out correctly.

 

Notify the NB Dept of Motor Vehicles

Within 10 days of the sale, you must notify the New Brunswick Department of Motor Vehicles of the ownership transfer. You can do this online or by submitting the signed title certificate by mail or in person. This step deregisters the vehicle from your name.

The buyer will also need to register the vehicle in their name within 10 days. As the seller, make sure you provide them the signed title so they can properly register the new ownership.

Following these simple steps ensures you comply with New Brunswick’s vehicle ownership transfer laws and avoids complications down the road.

 

Remove License Plates

Once the sale is complete, you must remove the license plates from the vehicle before handing over the keys to the new owner. Here are the steps for properly removing license plates in New Brunswick:

 

  1. Use a screwdriver to detach the license plate frames or screws holding the plates to the front and back of the vehicle.
  2. Return any specialty or vanity plates to Service New Brunswick. You may be eligible for a partial refund of fees depending on when the plates were originally purchased.
  3. Standard plates can be discarded or recycled once removed from the vehicle.
  4. Do not give license plates to the new owner. Plates are registered to the previous owner and cannot be transferred.
  5. Provide new owner with signed Certificate of Registration so they can register the vehicle in their name and obtain new plates.
  6. Keep a copy of the Certificate of Registration for your records in case questions arise later.

 

Following these steps ensures you properly end registration and liability for the vehicle you are selling. Don’t forget this important final step!

 

Consider a Sale Agreement

When selling a used vehicle privately in New Brunswick, the seller and buyer may choose to sign an additional sale agreement. This is an optional contract that provides further legal protection for both parties involved.

A sale agreement can outline the sale terms, condition of the vehicle, warranty information, and other important details. This creates a clear record of the transaction and helps prevent disputes down the road.

Some things to include in a sale agreement for a private used car sale in New Brunswick:

 

  • Names and contact information for seller and buyer
  • Vehicle year, make, model, VIN, mileage
  • Sale price and payment terms
  • Condition of the vehicle at the time of sale (as-is, etc)
  • Warranties disclaimed by the seller
  • Date the agreement is signed
  • Statements that the vehicle is free of liens/encumbrances
  • Seller’s statement that they legally own the car

 

Having this sale agreement adds an extra layer of protection in case any disputes come up after the transaction. While not required, it can give both buyers and sellers peace of mind during a private party used car sale.

 

Handle Outstanding Loan

If you still have an outstanding loan on the vehicle, there are a few steps you’ll need to take before completing the sale.

 

Pay off Loan

First, you’ll need to pay off any remaining balance owed on the car loan using the proceeds from the sale. Contact your lender to get a payout amount and instructions on how to pay off the loan.

 

Retrieve Title

Once the loan balance is paid in full, the lender will send you the title. This is the legal proof that you own the vehicle free and clear. You’ll need the title in order to transfer ownership to the buyer.

 

Notify Lender

Let your lender know once the loan has been paid off and you have the title in hand. They will want to record that the lienholder interest in the vehicle has been released.

Handling an outstanding loan properly is an important step in the private sale process. Make sure there is clear communication with the lender so there are no issues transferring ownership.

 

Conclusion

Selling a used car in New Brunswick can seem daunting, but following the proper steps makes the process much smoother. Start by thoroughly preparing the vehicle, gathering all ownership documents, determining a fair asking price, and creating a bill of sale. Strategically advertise the car for sale, schedule test drives, and thoroughly screen any potential buyers. Negotiate to maximize the sale price, but also know when to compromise to complete the sale. Officially transferring ownership and removing the license plates are critical final steps.

Taking the time to correctly handle all required documentation, advertise honestly, set realistic expectations, and screen buyers helps ensure a successful private sale. This prevents headaches down the road and protects both buyer and seller should any issues arise. Patience is also key – finding the right buyer who will pay the desired price and properly care for the vehicle is worth waiting for.

Selling privately does require more time and effort than trading in at a dealership, but offers the tradeoff of getting significantly more money in your pocket at closing. Following proper procedures also minimizes liability and makes the ownership transfer smooth. Do your homework ahead of time so you can confidently navigate the private sale process in New Brunswick.

Questions About Sell Your Car in New Brunswick?

To sell your car privately in New Brunswick, you’ll need to gather all ownership documents and service records, set a fair asking price by checking comparable listings, advertise online and locally, show interested buyers the vehicle and take it for test drives, negotiate a sale price, and sign over the ownership. When meeting potential buyers, make sure it’s in a public place for safety. Require cash payment upon sale and provide a bill of sale. Legally transfer ownership by signing the vehicle title in front of the buyer.

When selling a car privately in New Brunswick, you’ll need the following paperwork:

– Vehicle registration certificate proving ownership

– Bill of sale with buyer/seller details, vehicle details like VIN, sale price, date, etc.

– Release of interest/lien if the car has a loan

– Safety standards certificate in some provinces

– Used vehicle information package with recall and damage history

– Service records detailing maintenance and repairs

All paperwork must be signed and dated when transferring ownership to the buyer. Check your province’s specific requirements as well.

When selling a used car privately in New Brunswick, typically the buyer is responsible for paying sales tax, not the seller. However, if you bought the car to resell it for a profit, made modifications that increased the value, or are registered as a business selling vehicles, you may need to collect and remit sales tax. Check with the Canada Revenue Agency and your specific province to understand your tax obligations.

If you’re selling a used personal vehicle at a loss or break-even price in New Brunswick, you generally don’t pay taxes as the seller. However, the buyer usually pays a sales tax on the vehicle purchase price, which varies by province. For example, the rate is 13% HST in Ontario, 15% in PEI and New Brunswick, and 5% GST in Alberta. Some provinces may have additional taxes too. Check with your province to understand total taxes the buyer owes when transferring private vehicle ownership.

Some top places to advertise your car for sale in New Brunswick include:

 

– Online classifieds like Kijiji, Craigslist, Facebook Marketplace

 

– Online car sale websites like AutoTrader.ca and CanadianBlackBook.com

 

– Local and national newspapers and magazines

 

– Service station noticeboards

 

– Canadian used car sales forums

 

– Asking friends, family members and colleagues to spread the word

 

Make sure your advertisement includes key details like make, model, year, mileage, condition, features and photos. Advertising both online and locally helps gain maximum exposure.

Your personal safety should be top priority when selling a car privately in New Brunswick. Follow these tips:

 

– Meet only in busy public places like banks during daytime

 

– Don’t allow test drives without holding buyer’s ID and making copies

 

– Take cash payment only upon finalizing the sale

 

– Complete paperwork and transfer ownership in a public place

 

– Bring a friend or family member to accompany you

 

– Trust your instincts – if uncomfortable, end interactions

 

Taking basic safety measures helps ensure seamless private car sales.

The main paperwork required to legally transfer car ownership in New Brunswick is the vehicle registration certificate proving ownership, bill of sale documenting details of the transaction, release of interest if there was a lien, and application for vehicle transfer. Additional paperwork could be a used vehicle information package, safety standards certificate, or other provincial forms. All buyers and sellers must fill out sections, sign and date the paperwork. Failing to properly transfer ownership paperwork can risk liability for the seller.

When selling a car privately in New Brunswick, you should verify the buyer’s identity by reviewing multiple pieces of government-issued photo ID such as:

 

– Driver’s license showing buyer’s full name, photo and address

 

– Provincial health card

 

– Canadian passport

 

– Permanent resident card or certificate

 

– Indian status card

 

Also confirm the buyer’s age, that the IDs aren’t expired, and the names match on documentation provided. Checking ID helps protect against potential fraud when transacting a private vehicle sale.

When transferring ownership of a used private sale vehicle in New Brunswick, buyers typically pay between $20-$60 in provincial registration fees. Additional specific ownership transfer fees depend on the province, including:

 

– British Columbia – $18 vehicle transfer fee

 

– Alberta – $24 vehicle registration transfer fee

 

– Saskatchewan – $60 fee to transfer and register vehicle ownership

 

– Manitoba – $10 transfer fee and $20 registration fee

 

– Ontario – $20 ownership transfer fee

 

So average fees range from $30-100 for the buyer to fully transfer ownership from the seller.

The average price deduction for selling privately instead of trading in is about 15-25% more money in your pocket. For example, if your car’s trade-in value is $10,000, you could get around $12,500-13,000 by selling privately. This is because with private sales you bypass dealer wholesale pricing and auction fees. Set a competitive asking price while pricing in some negotiation room. Cleaning up and repairing minor issues can also help maximize your sale price.

When test driving your car with potential buyers across New Brunswick, important precautions include:

 

– Photocopy buyer’s driver’s license and car insurance

 

– Accompany the buyer on the test drive

 

– Choose test drive route in advance on main roads

 

– Check brakes and handling yourself first

 

– Request potential buyers put down a deposit if uncomfortable

 

– Meet only in public locations you feel safe

 

Taking reasonable safety measures helps avoid issues when test driving your car with interested buyers during private sales.

If you fail to properly transfer car ownership when selling privately in New Brunswick, charges you may face include:

 

– Traffic tickets or fines incurred by the buyer

 

– Impound fees and towing charges

 

– Parking and storage violation fees

 

– Legal liability for crashes, injuries, or deaths

 

– Penalties for invalid registration and no insurance

 

To avoid charges, meet the buyer at a registry to sign paperwork transferring ownership on the spot. Failing to transfer ownership risks significant legal and financial headaches.

To maximize resale value for your car in New Brunswick, follow these key steps:

 

– Service the vehicle regularly and retain detailed records

 

– Complete any necessary repairs using authentic parts

 

– Clean interior and exterior thoroughly

 

– Consider repainting or touching up exterior paint

 

– Replace worn parts like tires and brakes

 

– Obtain a safety certificate if required in your province

 

– Take clear photos emphasizing any high-end features

 

Investing a little money and effort prior to sale helps attract buyers and commands top dollar.

The best places to sell your car privately in New Brunswick are online platforms like AutoTrader, Kijiji, Craigslist and Facebook Marketplace. These sites give you national reach and exposure to the most buyers. Complement your online ads with posters at local grocery stores, community centers and colleges to target neighborhood shoppers. Ask contacts to spread the word about your car for sale too. Casting a wide net helps secure strong offers and serious buyers.

To determine a fair asking price for your private car sale in New Brunswick, research the vehicle’s value on sites like Canadian Black Book and AutoTrader. Compare prices of similar models for sale in your area. Factor in your car’s mileage, age, condition, maintenance records, and optional features. Set your price about 10-15% above comparable listings to leave room for negotiation. Consider getting your car appraised by a dealership as well. Pricing competitively against the market helps attract buyers.

Major steps to transfer car ownership when selling privately in New Brunswick are:

 

  1. Meet buyer at a registry with ownership paperwork

 

  1. Buyer shows required ID and signs paperwork

 

  1. Seller signs over ownership documents

 

  1. Call insurance provider to cancel seller’s policy

 

  1. Buyer registers vehicle and gets new insurance

 

  1. Pay associated transfer fees for registration change

 

  1. Keep copies of signed bill of sale and ownership records

 

Following this process completes legal ownership transfer to buyer and seller protection.

Penalties for improperly transferring car ownership when selling privately in New Brunswick can include:

 

– Continued legal liability for parking tickets, moving violations, accidents, injuries or damage caused by the buyer

 

– Fines and license suspensions for driving uninsured if the buyer doesn’t get coverage

 

– Heavy fines or jail time for registration fraud if the buyer never registers ownership

 

– Potential prosecution for tax evasion if avoiding sale taxes

 

– License plate denial and immobilization of the sold vehicle

 

Failing to transfer ownership risks significant legal and financial consequences in Canada.

 

Prepare the Vehicle

Before selling your vehicle, you’ll want to make sure it is in the best possible condition in order to maximize the sale price. Here are some tips for preparing your vehicle for sale:

 

Cleaning

Give your car a thorough cleaning inside and out. Vacuum and wash floor mats, wipe down surfaces, clean the dashboard, wash the exterior, and make sure the wheels and tires look their best. A clean car makes a great first impression and shows buyers you have taken care of the vehicle.

 

Mechanical Inspection

Have a certified mechanic do a bumper-to-bumper inspection of your vehicle. Fix or address any issues they uncover to assure buyers the vehicle is mechanically sound. Provide buyers with a copy of the inspection report.

 

Cosmetic Repairs

Make any minor cosmetic repairs like touching up paint chips or scratches, mending cracks or tears in upholstery, replacing burned out lights, etc. While not always necessary for running condition, cosmetics affect perceived value and buyer interest.

 

Gather Ownership Documents

Before advertising your vehicle for sale, gather all the necessary ownership documents. This includes the vehicle’s registration certificate, bill of sale showing when you purchased the vehicle, and service records detailing maintenance and repairs.

The registration certificate proves you own the vehicle and have the right to sell it. It must be signed by the registered owner on the back to transfer ownership. The bill of sale from when you originally bought the car documents how much you paid. Service records verify the vehicle has been properly maintained.

Potential buyers will want to review these records to see the condition of the car and ensure there is no money owing that could complicate the sale. Having them ready in advance will make the sale process quicker and easier.

If you are missing any documents, contact the dealership where you bought the vehicle or the Government of New Brunswick to obtain replacements. It’s crucial to have complete ownership documentation before selling your used car privately.

 

Determine a Price

Research prices from online resources like Kelley Blue Book to accurately price your vehicle. You want to price it competitively based on similar vehicles for sale in your local market, but also high enough to get the most money. Check classified ads and online car listings in New Brunswick to see what comparable vehicles are listed for. Adjust your price accordingly – if your car is in great shape with lower miles, you can likely price it at the higher end. If it has more wear, faults or high mileage, you may need to price lower.

You also want to factor in options, packages and condition. Loaded, well-maintained cars in excellent shape will be worth more. Simple base models with a lot of miles and wear will be less. Consider any repairs or reconditioning you did that improved the vehicle – you may be able to earn that investment back. But don’t overprice based on work you put in – value is based on the current market.

 

Create a Bill of Sale

Creating a bill of sale is an important step when selling a used car privately in New Brunswick. While a bill of sale is not legally required, having one provides proof that the sale took place and contains important details about the vehicle and transaction.

The bill of sale should include the following information:

 

  • Vehicle make, model, year, Vehicle Identification Number (VIN), color, and mileage
  • Seller’s name, address, phone number
  • Buyer’s name, address, phone number
  • Date and location of the sale
  • Sale price
  • Statement indicating the vehicle is sold “as is”
  • Signatures of both buyer and seller

 

You can find bill of sale templates online or create your own document including the above details. Having an accurate bill of sale protects both the buyer and seller if any issues arise after the transaction. It also provides a paper trail showing the transfer of ownership.

 

Advertise the Vehicle

Once you’ve determined a fair price for your vehicle, it’s time to advertise it for sale. There are several effective options for promoting your car locally in New Brunswick:

 

  • Online classifieds: Popular sites like Kijiji, AutoTrader.ca and UsedNB allow you to create a detailed ad for your vehicle that will be seen by thousands of local buyers. Make sure to include plenty of photos and an honest description.
  • Facebook Marketplace: This feature on Facebook allows you to list your car for sale and reach all of your local connections. Create an eye-catching listing with key details to generate interest.
  • Dealership trade-in: Many local dealers like Fredericton Honda and O’Regan’s Volkswagen will appraise your vehicle and make an offer if they are interested in acquiring it for resale on their used car lot.
  • Print classifieds: Running a classified ad in your local newspapers like the Telegraph Journal and Times & Transcript can expose your vehicle to buyers who don’t shop online.
  • Car sale signs: You can have a large “For Sale” sign made for your vehicle to catch the eyes of passersby. Park on a busy street and make sure your sign includes the key details.

 

Be sure to include plenty of photos showcasing your vehicle from all angles, mention any desirable features or recent work done, and list your phone number and/or email address so interested buyers can contact you. Renew your ads frequently to keep your listing fresh and available to new potential buyers.

 

Schedule Test Drives

Test drives are an important part of selling a used car privately. As a seller, you’ll want to schedule test drives at times that work for both you and potential buyers. When scheduling test drives, keep the following tips in mind:

 

Safety Tips

For your own safety and protection, follow these tips when accompanied test drives:

 

  • Meet potential buyers in a public place like a parking lot or busy street.
  • Bring someone with you during test drives.
  • Ask to see the buyer’s driver’s license and insurance card.
  • Only allow short test drives within a few miles.
  • Don’t allow test drives without you in the vehicle.

 

Insurance Considerations

In most provinces, your insurance covers test drives as long as you are in the vehicle. However, check your policy or call your provider to confirm. Consider purchasing short-term insurance specifically for test drives if needed.

 

Always Accompany Test Drives

Never allow a potential buyer to test drive your vehicle alone. Always accompany them during the test drive. This allows you to observe their driving, answer questions, and protect your asset.

 

Screen Potential Buyers

When selling a used car privately, it’s important to screen potential buyers to avoid scams and ensure you find a qualified buyer. Here are some tips:

 

  • Ask to see the buyer’s driver’s license to verify their identity and eligibility to drive. Run a quick background check if you are concerned.
  • Require interested buyers to provide their name, phone number, and email or physical mailing address. Avoid buyers who seem reluctant to provide this information.
  • Ask questions to gauge car knowledge and determine if the buyer will actually use the car vs. scrap or export it. Get a sense of their intentions.
  • Be wary of buyers offering to pay the full asking price without seeing the car in person or taking it for a test drive.
  • Watch out for buyers who want to pay with cashiers checks or third party checks, which can be fraudulent. Insist on cash for the full amount.
  • Meet buyers in a public place and do not allow test drives unaccompanied. This will help avoid theft or dangerous situations.
  • Trust your gut feeling when interacting with buyers. If something seems suspicious, move on to other buyers.

 

Taking the time to properly screen buyers will help avoid potential scams and unsafe situations. You’ll have more success finding a qualified buyer who will actually use and appreciate your used car.

 

Negotiate the Sale

When negotiating the sale price of your car, start higher than your lowest acceptable price. This gives you room to negotiate down. Have a minimum price in mind that you’re willing to accept, and don’t go below it.

As offers come in, don’t accept the first one or counter with your lowest price right away. See if the buyer will increase their offer first. You can say something like “I was hoping to get at least $X for it” and see how they respond.

If their offer is quite low, counter back higher rather than rejecting it outright. For example, if they offer $5,000 and you want $8,000, counter at $7,500. They may agree to meet in the middle.

Avoid getting emotional or attached to any particular offer amount. Negotiate rationally and be willing to walk away from an unreasonably low offer.

When you receive an offer you’re willing to accept, make sure the buyer is serious and confirm the offer in writing before agreeing to it verbally.

If needed, negotiate additional terms like who will handle vehicle registration, included extras, contingencies, etc. Get the full agreed upon terms in writing before finalizing the sale.

 

Complete the Sale

Once you’ve agreed on a price and are ready to finalize the sale, follow these steps:

 

Review Paperwork

Before accepting payment, review all paperwork including the bill of sale, ownership documents, and any service records. Make sure all information is complete and accurate. Both buyer and seller should review and sign the bill of sale.

 

Exchange Payment

Accept payment from the buyer for the agreed-upon amount. Only accept secure forms of payment like cash, certified check, money order, or electronic transfer. Do not accept personal checks, as they can bounce. Count cash carefully before providing ownership documents.

 

Transfer Ownership

Once payment is secured, sign over the vehicle’s ownership documents to transfer the title to the buyer. Provide any other paperwork like service records. Keep a copy of the bill of sale for your records. Congratulations, you have officially sold your vehicle!

 

Transfer Ownership

Once you have negotiated and agreed on a price with the buyer, it’s time to officially transfer ownership of the vehicle. Here are the key steps:

 

Sign Over the Title

As the seller, you must sign and date the title certificate in the “Transfer by Registered Owner” section. This formally transfers ownership to the buyer. Make sure all information is filled out correctly.

 

Notify the NB Dept of Motor Vehicles

Within 10 days of the sale, you must notify the New Brunswick Department of Motor Vehicles of the ownership transfer. You can do this online or by submitting the signed title certificate by mail or in person. This step deregisters the vehicle from your name.

The buyer will also need to register the vehicle in their name within 10 days. As the seller, make sure you provide them the signed title so they can properly register the new ownership.

Following these simple steps ensures you comply with New Brunswick’s vehicle ownership transfer laws and avoids complications down the road.

 

Remove License Plates

Once the sale is complete, you must remove the license plates from the vehicle before handing over the keys to the new owner. Here are the steps for properly removing license plates in New Brunswick:

 

  1. Use a screwdriver to detach the license plate frames or screws holding the plates to the front and back of the vehicle.
  2. Return any specialty or vanity plates to Service New Brunswick. You may be eligible for a partial refund of fees depending on when the plates were originally purchased.
  3. Standard plates can be discarded or recycled once removed from the vehicle.
  4. Do not give license plates to the new owner. Plates are registered to the previous owner and cannot be transferred.
  5. Provide new owner with signed Certificate of Registration so they can register the vehicle in their name and obtain new plates.
  6. Keep a copy of the Certificate of Registration for your records in case questions arise later.

 

Following these steps ensures you properly end registration and liability for the vehicle you are selling. Don’t forget this important final step!

 

Consider a Sale Agreement

When selling a used vehicle privately in New Brunswick, the seller and buyer may choose to sign an additional sale agreement. This is an optional contract that provides further legal protection for both parties involved.

A sale agreement can outline the sale terms, condition of the vehicle, warranty information, and other important details. This creates a clear record of the transaction and helps prevent disputes down the road.

Some things to include in a sale agreement for a private used car sale in New Brunswick:

 

  • Names and contact information for seller and buyer
  • Vehicle year, make, model, VIN, mileage
  • Sale price and payment terms
  • Condition of the vehicle at the time of sale (as-is, etc)
  • Warranties disclaimed by the seller
  • Date the agreement is signed
  • Statements that the vehicle is free of liens/encumbrances
  • Seller’s statement that they legally own the car

 

Having this sale agreement adds an extra layer of protection in case any disputes come up after the transaction. While not required, it can give both buyers and sellers peace of mind during a private party used car sale.

 

Handle Outstanding Loan

If you still have an outstanding loan on the vehicle, there are a few steps you’ll need to take before completing the sale.

 

Pay off Loan

First, you’ll need to pay off any remaining balance owed on the car loan using the proceeds from the sale. Contact your lender to get a payout amount and instructions on how to pay off the loan.

 

Retrieve Title

Once the loan balance is paid in full, the lender will send you the title. This is the legal proof that you own the vehicle free and clear. You’ll need the title in order to transfer ownership to the buyer.

 

Notify Lender

Let your lender know once the loan has been paid off and you have the title in hand. They will want to record that the lienholder interest in the vehicle has been released.

Handling an outstanding loan properly is an important step in the private sale process. Make sure there is clear communication with the lender so there are no issues transferring ownership.

 

Conclusion

Selling a used car in New Brunswick can seem daunting, but following the proper steps makes the process much smoother. Start by thoroughly preparing the vehicle, gathering all ownership documents, determining a fair asking price, and creating a bill of sale. Strategically advertise the car for sale, schedule test drives, and thoroughly screen any potential buyers. Negotiate to maximize the sale price, but also know when to compromise to complete the sale. Officially transferring ownership and removing the license plates are critical final steps.

Taking the time to correctly handle all required documentation, advertise honestly, set realistic expectations, and screen buyers helps ensure a successful private sale. This prevents headaches down the road and protects both buyer and seller should any issues arise. Patience is also key – finding the right buyer who will pay the desired price and properly care for the vehicle is worth waiting for.

Selling privately does require more time and effort than trading in at a dealership, but offers the tradeoff of getting significantly more money in your pocket at closing. Following proper procedures also minimizes liability and makes the ownership transfer smooth. Do your homework ahead of time so you can confidently navigate the private sale process in New Brunswick.

Questions About Sell Your Car in New Brunswick?

To sell your car privately in New Brunswick, you’ll need to gather all ownership documents and service records, set a fair asking price by checking comparable listings, advertise online and locally, show interested buyers the vehicle and take it for test drives, negotiate a sale price, and sign over the ownership. When meeting potential buyers, make sure it’s in a public place for safety. Require cash payment upon sale and provide a bill of sale. Legally transfer ownership by signing the vehicle title in front of the buyer.

When selling a car privately in New Brunswick, you’ll need the following paperwork:

– Vehicle registration certificate proving ownership

– Bill of sale with buyer/seller details, vehicle details like VIN, sale price, date, etc.

– Release of interest/lien if the car has a loan

– Safety standards certificate in some provinces

– Used vehicle information package with recall and damage history

– Service records detailing maintenance and repairs

All paperwork must be signed and dated when transferring ownership to the buyer. Check your province’s specific requirements as well.

When selling a used car privately in New Brunswick, typically the buyer is responsible for paying sales tax, not the seller. However, if you bought the car to resell it for a profit, made modifications that increased the value, or are registered as a business selling vehicles, you may need to collect and remit sales tax. Check with the Canada Revenue Agency and your specific province to understand your tax obligations.

If you’re selling a used personal vehicle at a loss or break-even price in New Brunswick, you generally don’t pay taxes as the seller. However, the buyer usually pays a sales tax on the vehicle purchase price, which varies by province. For example, the rate is 13% HST in Ontario, 15% in PEI and New Brunswick, and 5% GST in Alberta. Some provinces may have additional taxes too. Check with your province to understand total taxes the buyer owes when transferring private vehicle ownership.

Some top places to advertise your car for sale in New Brunswick include:

 

– Online classifieds like Kijiji, Craigslist, Facebook Marketplace

 

– Online car sale websites like AutoTrader.ca and CanadianBlackBook.com

 

– Local and national newspapers and magazines

 

– Service station noticeboards

 

– Canadian used car sales forums

 

– Asking friends, family members and colleagues to spread the word

 

Make sure your advertisement includes key details like make, model, year, mileage, condition, features and photos. Advertising both online and locally helps gain maximum exposure.

Your personal safety should be top priority when selling a car privately in New Brunswick. Follow these tips:

 

– Meet only in busy public places like banks during daytime

 

– Don’t allow test drives without holding buyer’s ID and making copies

 

– Take cash payment only upon finalizing the sale

 

– Complete paperwork and transfer ownership in a public place

 

– Bring a friend or family member to accompany you

 

– Trust your instincts – if uncomfortable, end interactions

 

Taking basic safety measures helps ensure seamless private car sales.

The main paperwork required to legally transfer car ownership in New Brunswick is the vehicle registration certificate proving ownership, bill of sale documenting details of the transaction, release of interest if there was a lien, and application for vehicle transfer. Additional paperwork could be a used vehicle information package, safety standards certificate, or other provincial forms. All buyers and sellers must fill out sections, sign and date the paperwork. Failing to properly transfer ownership paperwork can risk liability for the seller.

When selling a car privately in New Brunswick, you should verify the buyer’s identity by reviewing multiple pieces of government-issued photo ID such as:

 

– Driver’s license showing buyer’s full name, photo and address

 

– Provincial health card

 

– Canadian passport

 

– Permanent resident card or certificate

 

– Indian status card

 

Also confirm the buyer’s age, that the IDs aren’t expired, and the names match on documentation provided. Checking ID helps protect against potential fraud when transacting a private vehicle sale.

When transferring ownership of a used private sale vehicle in New Brunswick, buyers typically pay between $20-$60 in provincial registration fees. Additional specific ownership transfer fees depend on the province, including:

 

– British Columbia – $18 vehicle transfer fee

 

– Alberta – $24 vehicle registration transfer fee

 

– Saskatchewan – $60 fee to transfer and register vehicle ownership

 

– Manitoba – $10 transfer fee and $20 registration fee

 

– Ontario – $20 ownership transfer fee

 

So average fees range from $30-100 for the buyer to fully transfer ownership from the seller.

The average price deduction for selling privately instead of trading in is about 15-25% more money in your pocket. For example, if your car’s trade-in value is $10,000, you could get around $12,500-13,000 by selling privately. This is because with private sales you bypass dealer wholesale pricing and auction fees. Set a competitive asking price while pricing in some negotiation room. Cleaning up and repairing minor issues can also help maximize your sale price.

When test driving your car with potential buyers across New Brunswick, important precautions include:

 

– Photocopy buyer’s driver’s license and car insurance

 

– Accompany the buyer on the test drive

 

– Choose test drive route in advance on main roads

 

– Check brakes and handling yourself first

 

– Request potential buyers put down a deposit if uncomfortable

 

– Meet only in public locations you feel safe

 

Taking reasonable safety measures helps avoid issues when test driving your car with interested buyers during private sales.

If you fail to properly transfer car ownership when selling privately in New Brunswick, charges you may face include:

 

– Traffic tickets or fines incurred by the buyer

 

– Impound fees and towing charges

 

– Parking and storage violation fees

 

– Legal liability for crashes, injuries, or deaths

 

– Penalties for invalid registration and no insurance

 

To avoid charges, meet the buyer at a registry to sign paperwork transferring ownership on the spot. Failing to transfer ownership risks significant legal and financial headaches.

To maximize resale value for your car in New Brunswick, follow these key steps:

 

– Service the vehicle regularly and retain detailed records

 

– Complete any necessary repairs using authentic parts

 

– Clean interior and exterior thoroughly

 

– Consider repainting or touching up exterior paint

 

– Replace worn parts like tires and brakes

 

– Obtain a safety certificate if required in your province

 

– Take clear photos emphasizing any high-end features

 

Investing a little money and effort prior to sale helps attract buyers and commands top dollar.

The best places to sell your car privately in New Brunswick are online platforms like AutoTrader, Kijiji, Craigslist and Facebook Marketplace. These sites give you national reach and exposure to the most buyers. Complement your online ads with posters at local grocery stores, community centers and colleges to target neighborhood shoppers. Ask contacts to spread the word about your car for sale too. Casting a wide net helps secure strong offers and serious buyers.

To determine a fair asking price for your private car sale in New Brunswick, research the vehicle’s value on sites like Canadian Black Book and AutoTrader. Compare prices of similar models for sale in your area. Factor in your car’s mileage, age, condition, maintenance records, and optional features. Set your price about 10-15% above comparable listings to leave room for negotiation. Consider getting your car appraised by a dealership as well. Pricing competitively against the market helps attract buyers.

Major steps to transfer car ownership when selling privately in New Brunswick are:

 

  1. Meet buyer at a registry with ownership paperwork

 

  1. Buyer shows required ID and signs paperwork

 

  1. Seller signs over ownership documents

 

  1. Call insurance provider to cancel seller’s policy

 

  1. Buyer registers vehicle and gets new insurance

 

  1. Pay associated transfer fees for registration change

 

  1. Keep copies of signed bill of sale and ownership records

 

Following this process completes legal ownership transfer to buyer and seller protection.

Penalties for improperly transferring car ownership when selling privately in New Brunswick can include:

 

– Continued legal liability for parking tickets, moving violations, accidents, injuries or damage caused by the buyer

 

– Fines and license suspensions for driving uninsured if the buyer doesn’t get coverage

 

– Heavy fines or jail time for registration fraud if the buyer never registers ownership

 

– Potential prosecution for tax evasion if avoiding sale taxes

 

– License plate denial and immobilization of the sold vehicle

 

Failing to transfer ownership risks significant legal and financial consequences in Canada.

 

Prepare the Vehicle

Before selling your vehicle, you’ll want to make sure it is in the best possible condition in order to maximize the sale price. Here are some tips for preparing your vehicle for sale:

 

Cleaning

Give your car a thorough cleaning inside and out. Vacuum and wash floor mats, wipe down surfaces, clean the dashboard, wash the exterior, and make sure the wheels and tires look their best. A clean car makes a great first impression and shows buyers you have taken care of the vehicle.

 

Mechanical Inspection

Have a certified mechanic do a bumper-to-bumper inspection of your vehicle. Fix or address any issues they uncover to assure buyers the vehicle is mechanically sound. Provide buyers with a copy of the inspection report.

 

Cosmetic Repairs

Make any minor cosmetic repairs like touching up paint chips or scratches, mending cracks or tears in upholstery, replacing burned out lights, etc. While not always necessary for running condition, cosmetics affect perceived value and buyer interest.

 

Gather Ownership Documents

Before advertising your vehicle for sale, gather all the necessary ownership documents. This includes the vehicle’s registration certificate, bill of sale showing when you purchased the vehicle, and service records detailing maintenance and repairs.

The registration certificate proves you own the vehicle and have the right to sell it. It must be signed by the registered owner on the back to transfer ownership. The bill of sale from when you originally bought the car documents how much you paid. Service records verify the vehicle has been properly maintained.

Potential buyers will want to review these records to see the condition of the car and ensure there is no money owing that could complicate the sale. Having them ready in advance will make the sale process quicker and easier.

If you are missing any documents, contact the dealership where you bought the vehicle or the Government of New Brunswick to obtain replacements. It’s crucial to have complete ownership documentation before selling your used car privately.

 

Determine a Price

Research prices from online resources like Kelley Blue Book to accurately price your vehicle. You want to price it competitively based on similar vehicles for sale in your local market, but also high enough to get the most money. Check classified ads and online car listings in New Brunswick to see what comparable vehicles are listed for. Adjust your price accordingly – if your car is in great shape with lower miles, you can likely price it at the higher end. If it has more wear, faults or high mileage, you may need to price lower.

You also want to factor in options, packages and condition. Loaded, well-maintained cars in excellent shape will be worth more. Simple base models with a lot of miles and wear will be less. Consider any repairs or reconditioning you did that improved the vehicle – you may be able to earn that investment back. But don’t overprice based on work you put in – value is based on the current market.

 

Create a Bill of Sale

Creating a bill of sale is an important step when selling a used car privately in New Brunswick. While a bill of sale is not legally required, having one provides proof that the sale took place and contains important details about the vehicle and transaction.

The bill of sale should include the following information:

 

  • Vehicle make, model, year, Vehicle Identification Number (VIN), color, and mileage
  • Seller’s name, address, phone number
  • Buyer’s name, address, phone number
  • Date and location of the sale
  • Sale price
  • Statement indicating the vehicle is sold “as is”
  • Signatures of both buyer and seller

 

You can find bill of sale templates online or create your own document including the above details. Having an accurate bill of sale protects both the buyer and seller if any issues arise after the transaction. It also provides a paper trail showing the transfer of ownership.

 

Advertise the Vehicle

Once you’ve determined a fair price for your vehicle, it’s time to advertise it for sale. There are several effective options for promoting your car locally in New Brunswick:

 

  • Online classifieds: Popular sites like Kijiji, AutoTrader.ca and UsedNB allow you to create a detailed ad for your vehicle that will be seen by thousands of local buyers. Make sure to include plenty of photos and an honest description.
  • Facebook Marketplace: This feature on Facebook allows you to list your car for sale and reach all of your local connections. Create an eye-catching listing with key details to generate interest.
  • Dealership trade-in: Many local dealers like Fredericton Honda and O’Regan’s Volkswagen will appraise your vehicle and make an offer if they are interested in acquiring it for resale on their used car lot.
  • Print classifieds: Running a classified ad in your local newspapers like the Telegraph Journal and Times & Transcript can expose your vehicle to buyers who don’t shop online.
  • Car sale signs: You can have a large “For Sale” sign made for your vehicle to catch the eyes of passersby. Park on a busy street and make sure your sign includes the key details.

 

Be sure to include plenty of photos showcasing your vehicle from all angles, mention any desirable features or recent work done, and list your phone number and/or email address so interested buyers can contact you. Renew your ads frequently to keep your listing fresh and available to new potential buyers.

 

Schedule Test Drives

Test drives are an important part of selling a used car privately. As a seller, you’ll want to schedule test drives at times that work for both you and potential buyers. When scheduling test drives, keep the following tips in mind:

 

Safety Tips

For your own safety and protection, follow these tips when accompanied test drives:

 

  • Meet potential buyers in a public place like a parking lot or busy street.
  • Bring someone with you during test drives.
  • Ask to see the buyer’s driver’s license and insurance card.
  • Only allow short test drives within a few miles.
  • Don’t allow test drives without you in the vehicle.

 

Insurance Considerations

In most provinces, your insurance covers test drives as long as you are in the vehicle. However, check your policy or call your provider to confirm. Consider purchasing short-term insurance specifically for test drives if needed.

 

Always Accompany Test Drives

Never allow a potential buyer to test drive your vehicle alone. Always accompany them during the test drive. This allows you to observe their driving, answer questions, and protect your asset.

 

Screen Potential Buyers

When selling a used car privately, it’s important to screen potential buyers to avoid scams and ensure you find a qualified buyer. Here are some tips:

 

  • Ask to see the buyer’s driver’s license to verify their identity and eligibility to drive. Run a quick background check if you are concerned.
  • Require interested buyers to provide their name, phone number, and email or physical mailing address. Avoid buyers who seem reluctant to provide this information.
  • Ask questions to gauge car knowledge and determine if the buyer will actually use the car vs. scrap or export it. Get a sense of their intentions.
  • Be wary of buyers offering to pay the full asking price without seeing the car in person or taking it for a test drive.
  • Watch out for buyers who want to pay with cashiers checks or third party checks, which can be fraudulent. Insist on cash for the full amount.
  • Meet buyers in a public place and do not allow test drives unaccompanied. This will help avoid theft or dangerous situations.
  • Trust your gut feeling when interacting with buyers. If something seems suspicious, move on to other buyers.

 

Taking the time to properly screen buyers will help avoid potential scams and unsafe situations. You’ll have more success finding a qualified buyer who will actually use and appreciate your used car.

 

Negotiate the Sale

When negotiating the sale price of your car, start higher than your lowest acceptable price. This gives you room to negotiate down. Have a minimum price in mind that you’re willing to accept, and don’t go below it.

As offers come in, don’t accept the first one or counter with your lowest price right away. See if the buyer will increase their offer first. You can say something like “I was hoping to get at least $X for it” and see how they respond.

If their offer is quite low, counter back higher rather than rejecting it outright. For example, if they offer $5,000 and you want $8,000, counter at $7,500. They may agree to meet in the middle.

Avoid getting emotional or attached to any particular offer amount. Negotiate rationally and be willing to walk away from an unreasonably low offer.

When you receive an offer you’re willing to accept, make sure the buyer is serious and confirm the offer in writing before agreeing to it verbally.

If needed, negotiate additional terms like who will handle vehicle registration, included extras, contingencies, etc. Get the full agreed upon terms in writing before finalizing the sale.

 

Complete the Sale

Once you’ve agreed on a price and are ready to finalize the sale, follow these steps:

 

Review Paperwork

Before accepting payment, review all paperwork including the bill of sale, ownership documents, and any service records. Make sure all information is complete and accurate. Both buyer and seller should review and sign the bill of sale.

 

Exchange Payment

Accept payment from the buyer for the agreed-upon amount. Only accept secure forms of payment like cash, certified check, money order, or electronic transfer. Do not accept personal checks, as they can bounce. Count cash carefully before providing ownership documents.

 

Transfer Ownership

Once payment is secured, sign over the vehicle’s ownership documents to transfer the title to the buyer. Provide any other paperwork like service records. Keep a copy of the bill of sale for your records. Congratulations, you have officially sold your vehicle!

 

Transfer Ownership

Once you have negotiated and agreed on a price with the buyer, it’s time to officially transfer ownership of the vehicle. Here are the key steps:

 

Sign Over the Title

As the seller, you must sign and date the title certificate in the “Transfer by Registered Owner” section. This formally transfers ownership to the buyer. Make sure all information is filled out correctly.

 

Notify the NB Dept of Motor Vehicles

Within 10 days of the sale, you must notify the New Brunswick Department of Motor Vehicles of the ownership transfer. You can do this online or by submitting the signed title certificate by mail or in person. This step deregisters the vehicle from your name.

The buyer will also need to register the vehicle in their name within 10 days. As the seller, make sure you provide them the signed title so they can properly register the new ownership.

Following these simple steps ensures you comply with New Brunswick’s vehicle ownership transfer laws and avoids complications down the road.

 

Remove License Plates

Once the sale is complete, you must remove the license plates from the vehicle before handing over the keys to the new owner. Here are the steps for properly removing license plates in New Brunswick:

 

  1. Use a screwdriver to detach the license plate frames or screws holding the plates to the front and back of the vehicle.
  2. Return any specialty or vanity plates to Service New Brunswick. You may be eligible for a partial refund of fees depending on when the plates were originally purchased.
  3. Standard plates can be discarded or recycled once removed from the vehicle.
  4. Do not give license plates to the new owner. Plates are registered to the previous owner and cannot be transferred.
  5. Provide new owner with signed Certificate of Registration so they can register the vehicle in their name and obtain new plates.
  6. Keep a copy of the Certificate of Registration for your records in case questions arise later.

 

Following these steps ensures you properly end registration and liability for the vehicle you are selling. Don’t forget this important final step!

 

Consider a Sale Agreement

When selling a used vehicle privately in New Brunswick, the seller and buyer may choose to sign an additional sale agreement. This is an optional contract that provides further legal protection for both parties involved.

A sale agreement can outline the sale terms, condition of the vehicle, warranty information, and other important details. This creates a clear record of the transaction and helps prevent disputes down the road.

Some things to include in a sale agreement for a private used car sale in New Brunswick:

 

  • Names and contact information for seller and buyer
  • Vehicle year, make, model, VIN, mileage
  • Sale price and payment terms
  • Condition of the vehicle at the time of sale (as-is, etc)
  • Warranties disclaimed by the seller
  • Date the agreement is signed
  • Statements that the vehicle is free of liens/encumbrances
  • Seller’s statement that they legally own the car

 

Having this sale agreement adds an extra layer of protection in case any disputes come up after the transaction. While not required, it can give both buyers and sellers peace of mind during a private party used car sale.

 

Handle Outstanding Loan

If you still have an outstanding loan on the vehicle, there are a few steps you’ll need to take before completing the sale.

 

Pay off Loan

First, you’ll need to pay off any remaining balance owed on the car loan using the proceeds from the sale. Contact your lender to get a payout amount and instructions on how to pay off the loan.

 

Retrieve Title

Once the loan balance is paid in full, the lender will send you the title. This is the legal proof that you own the vehicle free and clear. You’ll need the title in order to transfer ownership to the buyer.

 

Notify Lender

Let your lender know once the loan has been paid off and you have the title in hand. They will want to record that the lienholder interest in the vehicle has been released.

Handling an outstanding loan properly is an important step in the private sale process. Make sure there is clear communication with the lender so there are no issues transferring ownership.

 

Conclusion

Selling a used car in New Brunswick can seem daunting, but following the proper steps makes the process much smoother. Start by thoroughly preparing the vehicle, gathering all ownership documents, determining a fair asking price, and creating a bill of sale. Strategically advertise the car for sale, schedule test drives, and thoroughly screen any potential buyers. Negotiate to maximize the sale price, but also know when to compromise to complete the sale. Officially transferring ownership and removing the license plates are critical final steps.

Taking the time to correctly handle all required documentation, advertise honestly, set realistic expectations, and screen buyers helps ensure a successful private sale. This prevents headaches down the road and protects both buyer and seller should any issues arise. Patience is also key – finding the right buyer who will pay the desired price and properly care for the vehicle is worth waiting for.

Selling privately does require more time and effort than trading in at a dealership, but offers the tradeoff of getting significantly more money in your pocket at closing. Following proper procedures also minimizes liability and makes the ownership transfer smooth. Do your homework ahead of time so you can confidently navigate the private sale process in New Brunswick.

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Questions About Sell Your Car in New Brunswick?

To sell your car privately in New Brunswick, you’ll need to gather all ownership documents and service records, set a fair asking price by checking comparable listings, advertise online and locally, show interested buyers the vehicle and take it for test drives, negotiate a sale price, and sign over the ownership. When meeting potential buyers, make sure it’s in a public place for safety. Require cash payment upon sale and provide a bill of sale. Legally transfer ownership by signing the vehicle title in front of the buyer.

When selling a car privately in New Brunswick, you’ll need the following paperwork:

– Vehicle registration certificate proving ownership

– Bill of sale with buyer/seller details, vehicle details like VIN, sale price, date, etc.

– Release of interest/lien if the car has a loan

– Safety standards certificate in some provinces

– Used vehicle information package with recall and damage history

– Service records detailing maintenance and repairs

All paperwork must be signed and dated when transferring ownership to the buyer. Check your province’s specific requirements as well.

When selling a used car privately in New Brunswick, typically the buyer is responsible for paying sales tax, not the seller. However, if you bought the car to resell it for a profit, made modifications that increased the value, or are registered as a business selling vehicles, you may need to collect and remit sales tax. Check with the Canada Revenue Agency and your specific province to understand your tax obligations.

If you’re selling a used personal vehicle at a loss or break-even price in New Brunswick, you generally don’t pay taxes as the seller. However, the buyer usually pays a sales tax on the vehicle purchase price, which varies by province. For example, the rate is 13% HST in Ontario, 15% in PEI and New Brunswick, and 5% GST in Alberta. Some provinces may have additional taxes too. Check with your province to understand total taxes the buyer owes when transferring private vehicle ownership.

Some top places to advertise your car for sale in New Brunswick include:

 

– Online classifieds like Kijiji, Craigslist, Facebook Marketplace

 

– Online car sale websites like AutoTrader.ca and CanadianBlackBook.com

 

– Local and national newspapers and magazines

 

– Service station noticeboards

 

– Canadian used car sales forums

 

– Asking friends, family members and colleagues to spread the word

 

Make sure your advertisement includes key details like make, model, year, mileage, condition, features and photos. Advertising both online and locally helps gain maximum exposure.

Your personal safety should be top priority when selling a car privately in New Brunswick. Follow these tips:

 

– Meet only in busy public places like banks during daytime

 

– Don’t allow test drives without holding buyer’s ID and making copies

 

– Take cash payment only upon finalizing the sale

 

– Complete paperwork and transfer ownership in a public place

 

– Bring a friend or family member to accompany you

 

– Trust your instincts – if uncomfortable, end interactions

 

Taking basic safety measures helps ensure seamless private car sales.

The main paperwork required to legally transfer car ownership in New Brunswick is the vehicle registration certificate proving ownership, bill of sale documenting details of the transaction, release of interest if there was a lien, and application for vehicle transfer. Additional paperwork could be a used vehicle information package, safety standards certificate, or other provincial forms. All buyers and sellers must fill out sections, sign and date the paperwork. Failing to properly transfer ownership paperwork can risk liability for the seller.

When selling a car privately in New Brunswick, you should verify the buyer’s identity by reviewing multiple pieces of government-issued photo ID such as:

 

– Driver’s license showing buyer’s full name, photo and address

 

– Provincial health card

 

– Canadian passport

 

– Permanent resident card or certificate

 

– Indian status card

 

Also confirm the buyer’s age, that the IDs aren’t expired, and the names match on documentation provided. Checking ID helps protect against potential fraud when transacting a private vehicle sale.

When transferring ownership of a used private sale vehicle in New Brunswick, buyers typically pay between $20-$60 in provincial registration fees. Additional specific ownership transfer fees depend on the province, including:

 

– British Columbia – $18 vehicle transfer fee

 

– Alberta – $24 vehicle registration transfer fee

 

– Saskatchewan – $60 fee to transfer and register vehicle ownership

 

– Manitoba – $10 transfer fee and $20 registration fee

 

– Ontario – $20 ownership transfer fee

 

So average fees range from $30-100 for the buyer to fully transfer ownership from the seller.

The average price deduction for selling privately instead of trading in is about 15-25% more money in your pocket. For example, if your car’s trade-in value is $10,000, you could get around $12,500-13,000 by selling privately. This is because with private sales you bypass dealer wholesale pricing and auction fees. Set a competitive asking price while pricing in some negotiation room. Cleaning up and repairing minor issues can also help maximize your sale price.

When test driving your car with potential buyers across New Brunswick, important precautions include:

 

– Photocopy buyer’s driver’s license and car insurance

 

– Accompany the buyer on the test drive

 

– Choose test drive route in advance on main roads

 

– Check brakes and handling yourself first

 

– Request potential buyers put down a deposit if uncomfortable

 

– Meet only in public locations you feel safe

 

Taking reasonable safety measures helps avoid issues when test driving your car with interested buyers during private sales.

If you fail to properly transfer car ownership when selling privately in New Brunswick, charges you may face include:

 

– Traffic tickets or fines incurred by the buyer

 

– Impound fees and towing charges

 

– Parking and storage violation fees

 

– Legal liability for crashes, injuries, or deaths

 

– Penalties for invalid registration and no insurance

 

To avoid charges, meet the buyer at a registry to sign paperwork transferring ownership on the spot. Failing to transfer ownership risks significant legal and financial headaches.

To maximize resale value for your car in New Brunswick, follow these key steps:

 

– Service the vehicle regularly and retain detailed records

 

– Complete any necessary repairs using authentic parts

 

– Clean interior and exterior thoroughly

 

– Consider repainting or touching up exterior paint

 

– Replace worn parts like tires and brakes

 

– Obtain a safety certificate if required in your province

 

– Take clear photos emphasizing any high-end features

 

Investing a little money and effort prior to sale helps attract buyers and commands top dollar.

The best places to sell your car privately in New Brunswick are online platforms like AutoTrader, Kijiji, Craigslist and Facebook Marketplace. These sites give you national reach and exposure to the most buyers. Complement your online ads with posters at local grocery stores, community centers and colleges to target neighborhood shoppers. Ask contacts to spread the word about your car for sale too. Casting a wide net helps secure strong offers and serious buyers.

To determine a fair asking price for your private car sale in New Brunswick, research the vehicle’s value on sites like Canadian Black Book and AutoTrader. Compare prices of similar models for sale in your area. Factor in your car’s mileage, age, condition, maintenance records, and optional features. Set your price about 10-15% above comparable listings to leave room for negotiation. Consider getting your car appraised by a dealership as well. Pricing competitively against the market helps attract buyers.

Major steps to transfer car ownership when selling privately in New Brunswick are:

 

  1. Meet buyer at a registry with ownership paperwork

 

  1. Buyer shows required ID and signs paperwork

 

  1. Seller signs over ownership documents

 

  1. Call insurance provider to cancel seller’s policy

 

  1. Buyer registers vehicle and gets new insurance

 

  1. Pay associated transfer fees for registration change

 

  1. Keep copies of signed bill of sale and ownership records

 

Following this process completes legal ownership transfer to buyer and seller protection.

Penalties for improperly transferring car ownership when selling privately in New Brunswick can include:

 

– Continued legal liability for parking tickets, moving violations, accidents, injuries or damage caused by the buyer

 

– Fines and license suspensions for driving uninsured if the buyer doesn’t get coverage

 

– Heavy fines or jail time for registration fraud if the buyer never registers ownership

 

– Potential prosecution for tax evasion if avoiding sale taxes

 

– License plate denial and immobilization of the sold vehicle

 

Failing to transfer ownership risks significant legal and financial consequences in Canada.

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