Guide to Reselling a Recovered Vehicle

If you have recovered a vehicle and wish to resell it, there are several important documents you'll need to gather. This guide will help you understand the necessary steps and documentation required for a smooth resale process.

Essential Documents Needed

• Repo Certificate: This document is crucial as it verifies that the vehicle has been repossessed.
• REG 256 Form: Along with the repo certificate, include this form which explains the reason for submitting the repo certificate. Make sure all information is accurate and complete.
• Police Report (if available): If you have access to a police report regarding the recovery of the vehicle, attach a copy. This can provide additional support for your explanation during the resale process.

Add Standard Supporting Documents

You should also prepare all standard supporting documents related to selling any used car. These may include:

• The title of the vehicle or proof of ownership.
• A bill of sale template ready for completion at point-of-sale.
• A disclosure statement detailing any known issues with the vehicle (if applicable).

The Role of Your Store Representative

A representative from your store can assist in completing this entire process. They will be responsible for ensuring that all forms are filled out correctly and that all necessary documents are collected before proceeding with the sale. Additionally, they must sign off on these documents using your dealer stamp, which serves as an official endorsement from your dealership.

Conclusion

Selling a recovered vehicle requires careful attention to detail and proper documentation. By gathering all essential paperwork including repo certificates, REG 256 forms, police reports (when possible), and standard sales documents, you can facilitate a successful transaction while adhering to legal requirements. Always ensure that your store representative is involved in finalizing these details for compliance purposes.