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Selling a Vehicle in West Virginia 101
When selling a vehicle in West Virginia, you need to make sure you complete the title with the buyer. You also need to complete additional forms, such as the Application for Certificate of Title for a Motor Vehicle and an odometer disclosure if your vehicle is less than ten years old.
There are fees associated with selling a vehicle. The buyer will need to pay a $15 titling fee, a 6% tax on the vehicle if the vehicle is valued at over $500, and $30 for a vehicle worth $500 or less. If there is a lien on the vehicle, there is a $10 fee applied as well.
If you are selling your vehicle for less than 50% of the current NADA Clean Loan Book value, you should give the buyer a notarized bill of sale. If you do not do this, then the buyer will need to pay tax on the full value of the vehicle instead of the sale price.
How to Sign Over the Title to the Buyer
You must sign the correct areas of the title before it will legally transfer your vehicle to another person. Failing to fill out a title correctly may hinder the sale and require you to request a duplicate title to correct the incorrect information.
On your vehicle’s title, you need to sign the front and back. The seller will also need to sign the front and back.
If your vehicle is not from West Virginia and has an out-of-state title, you also need to include the previous owner’s signature as well as the new owner’s name and address.
This can then be submitted with the Application for Certificate of Title for a Motor Vehicle, which is form DMV-1-TR.
