How to Sell a Car After Entering a Nursing Home
- 1). Create a written power of attorney. An extended stay in a nursing home may be accompanied by medical conditions precluding the physical activity needed for executing a car sale. You may grant power of attorney to a designated friend or family member to conduct the sale. This is done through the creation of a legal document identifying the vehicle; the document allows another individual to take control of the title for sale purposes.
- 2). Gather the vehicle documentation. Gather the vehicle title, vehicle registration, warranty documentation, repair information, and the vehicle service manual. Contact the department of motor vehicles for a replacement if the registration or title is not available.
- 3). Determine a sale price. Determine the car's current market value by using online resources such as the Kelley Blue Book vehicle valuation tool. You must identify the current odometer reading, as well as wear and tear issues and current vehicle features. You can order a vehicle history report to verify title and damage claims.
- 4). Write a bill of sale. In some states, the department of motor vehicles may require you to indicate a final sale price prior to the transfer of ownership.You can draw up a hand-written contract that identifies the seller or title holder, the buyer and the purchase price. This contract must be signed and dated by all parties concerned.
- 5). Find buyers. You may wish to quickly sell your vehicle by approaching relatives or close family friends. You may also find purchasers by placing a flier in community centers and private organizations. Try to sell your vehicle by placing ads either online or in print classifieds. Locate a suitable garage or location to park the vehicle for showings to potential buyers; ensure that only licensed drivers operate the vehicle in your stead. Maintain insurance coverage on the vehicle until transfer of ownership is completed. Some insurance companies offer a reduced premium for parked or stationary automobiles.
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