Paperwork Needed to Sell or Buy a Car in South Carolina
When selling a car in South Carolina, it is important to have the correct paperwork in order to ensure a smooth and legal transaction. Here’s a comprehensive list of the documents you’ll need:
1. Vehicle Title
The most important document you will need is the vehicle title. Ensure it is free of any liens and has been signed over to the buyer. On the back of the title, fill out the necessary fields for transferring ownership.
South Carolina DMV - Title Transfers
2. Bill of Sale
While not required in all cases, a bill of sale can serve as proof of the transaction and is highly recommended. It should include details like the purchase price, VIN, and both the buyer’s and seller’s information.
3. Odometer Disclosure
If the car is less than 10 years old, you must provide an odometer disclosure statement. This is usually part of the vehicle title, but a separate form is available if needed.
4. Notice of Vehicle Sold (Form 416)
You must notify the South Carolina DMV within 30 days of selling your vehicle by completing Form 416, which provides notice that the car has been sold.
Notice of Vehicle Sold (Form 416)
5. License Plates
South Carolina requires sellers to remove their license plates and either transfer them to another vehicle or return them to the DMV. Failure to do so may result in penalties.
6. Lien Release (if applicable)
If there is a lien on the vehicle, you must provide a lien release letter from the lender, proving that the vehicle is free of any financial encumbrance.
7. Vehicle Registration
Although not typically required, it’s a good idea to have a copy of the current vehicle registration to provide additional proof of ownership.
Remember to check with the buyer to ensure they are also familiar with their responsibilities in the transaction.
