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Private Sale Checklist

For Buyers and Sellers

  • Post your vehicle/search for a vehicle.
  • Contact the Seller.
  • Start negotiations and document the deal.
  • Buyer arranges financing (if required)through FinanceBusters.
  • Vehicle inspection/prepare to finish the deal.
  • Transfer ownership and deliver the vehicle.
Step 1 – Post your vehicle/search for a vehicle
  • Our Loan Specialists will make your vehicle posting enticing to buy, include all options, odometer reading, loan details (if applicable), and pricing incentives. Seller, make sure the vehicle is in great condition and ready for sale.
  • Buyer, be specific in your search to get the vehicle you want. Set up vehicle alerts. Read the listing pages carefully and make a short list of the vehicles you may wish to buy. Print out the list.
Step 2 – Contact the Seller
  • Buyer makes an appointment with the Seller to view the vehicle.
  • If you’re happy with what you see, do a road test on the spot.
  • Ensure the vehicle options and odometer readings are consistent with the listing page.
  • Review maintenance and service records (if available).
Step 3 – Start negotiations and document the deal
  • Buyer and Seller start negotiations and document all aspects of the deal on the Bill of Sale.
  • Buyer, make sure you agree and are satisfied with the condition of the vehicle, the number of kms and the final sale price.
Step 4 – Apply for financing (if required)
  • Buyer applies for FinanceBusters online loan (if required).
  • Seller (if required) purchases a provincially mandated Used Vehicle Sales package to transfer ownership to Buyer.
  • Buyer and Seller complete the package.
Step 5 – Vehicle inspection/prepare to finish deal
  • When the financing has been arranged, Buyer and Seller address all pre-delivery items on the Bill of Sale. Ensure vehicle passes inspection at an accredited service facility then set a date for vehicle exchange and completion of documentation.
Step 6 – Transfer ownership and deliver vehicle
  • Buyer submits a bank draft for the final sale price either co-payable to the bank and vehicle owner or directly to the vehicle owner if the vehicle is lien free
  • Seller pays off loan (if applicable)
  • Buyer requests a receipt from the bank to prove there is no loan owing on the vehicle and the payment for the vehicle was received.
  • Buyer and Seller meet at the local vehicle licensing office to transfer ownership of the vehicle and pay any additional fees.
  • Buyer affixes new plates to the vehicle to close the deal
Note: Even though the vehicle may be paid for, the vehicle remains registered in the seller’s name until the transfer has been completed by the licensing office.