Responsibilities of Car Buyers and Sellers in Utah: A Comprehensive Guide!
In the state of Utah, there are several key guidelines to follow when buying or selling a vehicle. Here's a breakdown of the essential steps and requirements to ensure a smooth transaction.
When selling a vehicle, it's important to provide the new owner with the signed title, the current safety and emission certificate, and the current registration certificate within 48 hours of the transaction. It's recommended to hand over these documents at the point of sale. The seller should also give up the title to the buyer after the sale.
In addition, the seller must alert the Utah Division of Motor Vehicles (DMV) that the vehicle has been sold. This can be done by phone by calling 800-DMV-UTAH, online through Utah's Motor Vehicle Portal, by mail, or fax (801-297-3570). A bill of sale is necessary for sales tax purposes in Utah. It should contain the buyer's name and address, seller's name, address, and signature, vehicle description including VIN, description of trade-in (if applicable), vehicle's purchase price, trade-in allowance (if applicable), net purchase price, and should be provided by the seller within 48 hours of the transaction.
If you do not remove the license plate from the vehicle after selling it, you might be responsible for any traffic or parking violations that occur while the plate's still on the vehicle.
For private-party car sales, the purchaser will pay the sales tax when the Utah DMV titles and registers the vehicle. The amount will be based on the net purchase price indicated on the bill of sale. The new owner can use the title, along with proof of insurance and photo ID, to obtain a temporary permit from the DMV.
When buying a vehicle, buyers are advised to be cautious as potential scammers may be present. To replace a lost title, both parties must complete Form TC-123, "Application for a Duplicate Title." If the vehicle is not 20 years old or older, Form TC-891, "Odometer Disclosure Stated," must also be completed and signed by the buyer and seller.
For those interested in vehicle title loans, they are now available in Utah. Remember, keeping these guidelines handy can help when buying or selling a vehicle in Utah.
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