Saturday, October 18, 2014

How to Buy a Used Car in Washington

In today's economy, purchasing a used vehicle is a smart decision that can save a buyer thousands of dollars. With the proper homework and foresight, purchasing a used car is relatively painless, and well worth the potential savings.

Bill of Sale

    After coming to an agreed upon price for a used car in Washington state, a bill of sale must be written out--stating the vehicle's sale price--which will be signed by both parties and dated. This, along with the signed title, are needed to transfer ownership. If the title has been lost, an Affidavit of Loss/Release of Interest form must be signed in the presence of a notary public or county auditor.

Odometer Disclosure Statement

    This form is available from any Washington Department of Licensing (DOL) office, and also must be signed by both parties. The form is not available online. This form is only required for cars less than 10 years old.

Transfer the Title

    Within 15 days of the sale, the title must be transferred to the buyer's name. Failure to do this can result in a fine of up to $100 (as of August 2010). The buyer must take the released title, bill of sale, and the Odometer Disclosure Statement to any DOL office. Fees will vary by county.

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