Selling A Car In Ontario

Selling a car privately in Ontario involves several steps to ensure a smooth and legal transaction. Here's a general guide on how to sell a car privately in the province:

• Prepare the car: Clean both the interior and exterior of the car and collect all car maintenance records and documents.
• Determine the value: Research the market to determine a fair selling price for your car. Websites like AutoTrader and Canadian Black Book can help.
• Create an advertisement: To sell your car, take clear photos from various angles and write an honest description, including make, model, year, mileage, condition, features, and price. Also, include your contact information.
• Safety and emissions inspection: In Ontario, the seller is responsible for providing a Safety Standards Certificate (SSC) and an emissions test certificate to the buyer if required.
• Negotiate with buyers: Be prepared for negotiations and questions from potential buyers. Ensure you meet potential buyers in a safe and public place for test drives or inspections.
• Bill of sale: When you find a buyer, you will need to complete a Bill of Sale. You can find a standard form on the ServiceOntario website.
• Payment: Ensure you securely receive payment, such as a certified check, bank draft, or electronic funds transfer. Verify the payment before signing over the ownership.
• Transfer of ownership: Fill out the back of the vehicle ownership document (usually the "seller" section) and provide it to the buyer. Remove the license plates from the car.
• Insurance cancellation: Contact your insurance company to cancel your policy on the sold vehicle.
• Submit a notice of sale: Submit a Notice of Sale to the Ontario Ministry of Transportation within six days of selling your vehicle either online or at a ServiceOntario center.
• Report the Sale to CRA (if applicable): If you sell your car at a profit and it's considered a capital gain, you may have to report it to the Canada Revenue Agency (CRA). Consult a tax professional for guidance.
• Provide a Used Vehicle Information Package (UVIP): Sellers in Ontario were required to provide a Used Vehicle Information Package to the buyer.

It's crucial to retain certain documents when selling your car privately in Ontario for legal and tax-related purposes. Here's a list of the documents you should keep:

• Your license plate.
• The plate portion of your vehicle ownership papers.
• Copy of the bill of sale, UVP, payment records, and other certificates.
• Insurance cancellation documents.
• Messages/correspondences between you and the buyer.

We all want to get the best price possible when selling a car. You can do certain things to boost the value of your car when selling. Here are some tips for selling a car privately:

• Take care of your vehicle : How you take care of your vehicle when you own it will affect how much you sell for.
• Take great photos : Taking good photos of your car can get the attention of buyers. Take multiple pictures from a variety of angles.
• Clean your vehicle inside and out : Make your vehicle as presentable as possible. Clean your vehicle. Consider getting it professionally cleaned.
• Minor repairs : Make minor repairs that can boost your car value. Speak with your mechanic about your options.
• Know how much your car is worth : Undervaluing your car is one of the quickest ways to lose money on the deal. Know your car value.
• Price to negotiate : Don’t list your vehicle for your rock bottom amount. Expect buyers to negotiate. List the vehicle at a fair ideal price. But have a slightly lower price you are willing to accept.
• Write a great ad : Writing a great ad can help you get your asking price. Be engaging, include all required information and list your ad on popular websites.

Yes. You are making a legal sales transaction. You need a record of the sale. It is most commonly in the form of a bill of sale. It can also be an agreement letter for selling a car. Include the following information in the contract :

• Name and address of the buyer and seller
• Date
• Vehicle information number
• Made, model, year, and colour of the vehicle
• Sale price
• Signatures of the buyer and seller

You can also include additional such as payment terms, vehicle odometer reading, and conditions of the sale.

Many people sell a used car “as is”. Selling a car “as is” means you are selling it in its current state. Once you transfer ownership to the buyer, it is the buyer’s responsibility. If something goes wrong with the vehicle, it’s up to the buyer to deal with it. The seller has no obligation once the sale is complete.

If you choose to sell your car “as is” :

• Be upfront and honest about the current state of the vehicle.
• Clearly state the vehicle sale is “as is” in the ad.
• Make sure you write the car is sold “as is” on the bill of sale.

If you sell the car “as is”, buyers will expect the car requires some work. This also means they will expect to pay less. You will have less negotiating power when you sell a car “as is”. Adjust your expectations for the sales price accordingly.

Many people consider selling their vehicle to a car dealership. It’s an alternative to selling privately. One of the reasons to sell to an auto dealer is the process is simpler. You won’t likely have an issue finding a dealership to buy your car.

But, you will likely not get as high of an offer. Dealers will make you an offer so they can buy the vehicle and flip it for a profit. Expect less money. But, if you need to sell quickly and hassle-free it’s a viable option. You could also use your vehicle as trade-in value if you want to get a new vehicle.

Use these tips if you want to explore the option of selling your vehicle to a dealership :

• Know your cars current value
• Get your vehicle in as good of shape as possible
• Negotiate on price
• Get offers from multiple dealerships
• Consider selling to a dealership network

There are many things that can affect the value of your car. Consider the following when determining a sales price :

• Make, model, year
• Reliability and safety rating
• Options, trim package, and add-on features
• Vehicle accessories and modifications
• Rarity
• Accident history
• Average kilometers driven
• Condition (damage, dings, scratches, interior tears)
• Work required (does it need new brakes? Do parts need replacing?)
• Selling price for other similar vehicles in your area
• Increased demand for used cars and used trucks
• Ontario car insurance costs

To sell your car, determine a fair price using a trusted site like Canadian Black Book or CARFAX. Make sure you compare your car to other vehicles with similar features and conditions.

Confirm that you have no outstanding payments on your car loan. If you do owe money on a car loan, use the money from the sale to pay it off. Ideally, you will sell your vehicle for more than what you owe on the loan.