The right way to Promote a Automotive in Minnesota? [Ultimate Guide 2024]
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Best Ways to Sell a Car in Minnesota
Peddle
Get a legit offer in minutes – provide VIN, mileage and condition
$0 fees + you don’t have to pay for towing – Peddle will take care of it
Get paid in check during the pick up for any car (damaged, junk, wrecked)
Wheelzy
Quick car evaluation without the hassle – sell your car within 30 min
Choose a convenient date and time for free pick-up, as soon as next day
Get cash in hand the same day the Wheelzy agent picks up your car
How to Sell a Car in Minnesota?
There are three main ways to sell your car in Minnesota:
Jump to: Sell Car Privately
Jump to: Sell Car to Car Buying Website
Jump to: Sell Car to Dealership
Turnaroud | Effort Needed | Best For | |
---|---|---|---|
Privately | 52 days (on average) | Multiple steps | Used cars |
Car Buying Website | 1-2 days | Fill online form | Old and junk cars |
Dealership | 5-7 days | Visit office | Newer cars |
Sell Car Privately in Minnesota
Requirements to Sell a Car in Minnesota
- Certificate of Title
- Odometer Reading
- Emissions Test
- VIN Inspection
- Damage Disclosure
- Bill of Sale
- Your Signature
- Signature of any Lienholder(s)
- Signature of the Buyer
- Report Sale (within 10 days)
Step 1: Pre-sale Inspection
Most private car buyers in Minnesota always prefer to have a presale car inspection before the sale of the vehicle advances. Buyers contact qualified and licensed auto mechanics to assist with the inspection. Nonetheless, you must agree on a specific date and venue for the vehicle inspection.
Remember, a presale inspection in Minnesota is not required, but having the car checked is a good idea. Besides, you can also take your potential buyers for test drives to clear doubts on the buyer’s part that the vehicle might be in bad condition.
Step 2: Prepare the Car for Sale
To prepare your car for sale, follow the steps below:
- Thoroughly clean and vacuum clean the car to remove dust and debris from car seats and door mats.
- If the car has any mechanical, physical, or electrical damages, fix it before going forward with the sale of the vehicle. You can change car oil, and tires or adjust car brakes to ensure that the car is in good condition for sale.
- Take clear photos of the car, which you can share with your potential buyers.
Step 3: List Your Car for Sale
Once you have cleaned your car, create a listing for your car on different platforms to reach potential buyers. Some websites and platforms you can use to list your car include:
When creating your listing, ensure you give detailed and comprehensive descriptions of your car to potential buyers. Include information like car model, make, color, and current condition. Additionally, you can also include if the vehicle has scratches or dents.
Step 4: Bill of Sale
A Bill of Sale is not needed in Minnesota, but having it in your possession is important because it shows that the car was transferred legally. It also protects both parties in case of disputes.
According to Minnesota laws, a Bill of Sale should have:
- Vehicle Identification Number
- Date of sale
- Vehicle selling price
- Odometer disclosure
- License number plate
- Address, name, and signature of the seller
- Address, signature, and name of the buyer
Even if a Bill of Sale is not recommended in Minnesota, both parties can complete and submit the Application to Title and Register Motor Vehicle (form PS 2000A).
In addition, private car sales in Minnesota attract a sales tax of 6.875% of the total purchase price of the vehicle. Furthermore, vehicles not complying with Minnesota traffic laws will be charged $10 flat on in-lien sales tax, provided the car is 10 years old.
Inherited vehicles, vehicle transfers upon death, or gifted cars do not attract sales tax. Moreover, to see a list of sales tax exemptions, you can visit the Minnesota DMV website for more information.
Step 5: Transfer of Title
If you’ve lost your title or it was stolen or damaged, you can fill out form PS2067A and submit your application to the DMV to help you duplicate your vehicle title. You will be charged an $8.25 processing fee while duplicating your vehicle title. While completing the transfer title, you must include the following information on the back of the title.
- The purchase price of the vehicle
- Date of sale
- Odometer disclosure for vehicles less than 10 years
- Damage disclosure for vehicles 6 months and below
- Address, name, and signature of the seller
- Buyers name, address, and signature
- Date of birth of the seller and buyer
Minnesota law requires you and the buyer to make a copy of the documents and keep them in your records.
In case of the death of one of the co-owners on the title, Minnesota laws state that a new title must be produced with the name of the surviving owner by completing a notarized Affidavit of Surviving Spouse (PS2071).
Step 6: Signing of Title
Minnesota laws suggest that if the title is co-owned, only one person can sign the title. Additionally, the title signing must be done in the presence of a notary at the local Motor office.
Step 7: Don’t Remove the Plates
Unlike most states, Minnesota laws suggest that after completing the sale of your vehicles, you should not remove the plates because the information will be transferred to the buyer’s name. Taxes and vehicle registration documents will also be transferred and assigned to the buyer.
You can only remove a plate license if it is personalized or specialized.
While you must have Minnesota Dealer License to sell cars, Minnesota Motor Vehicle laws allow you to sell up to 5 vehicles per year without a dealer license, provided that the cars are registered under your name.
Step 8: Report the Sale
After completing the sale of your vehicle, Minnesota law recommends that you notify them within 10 days that you’ve sold your car. You can also manually fill out a report of sale and email it to the Minnesota Driver and Vehicle Service offices.
Sell Car to Car Buying Website in Minnesota
Wheelzy, CarBrain and Peddle are car-buying companies that can buy your car within 72 hours.
Visit one of the websites and fill in the quote with the details about your car – make, model, year, mileage, and condition of the car.
Once you get a quote, you have 7 days to accept or decline the offer. If you accept the offer, respective company agents will contact you and schedule a free pick-up date for your car.
Peddle
How Much Peddle Will Pay for Your Car in Minnesota?
The table below shows a few of the cars Peddle has recently purchased in Minnesota:
Make | Year | Offer Value |
---|---|---|
Ford (F150) | 1992 | $500 |
Jeep (Commander) | 2007 | $600 |
Cadillac (Fleetwood) | 1995 | $500 |
Recent Peddle offers
Model | Year | Mileage | Offer |
---|---|---|---|
Toyota (Camry) | 2011 | 150,000 | $2,225 |
Volvo (S40) | 2001 | 37,000 | $430 |
Mercedes-Benz (560) | 1991 | 92,000 | $1,930 |
BMW (528) | 2008 | 126,000 | $1,140 |
Kia (Forte) | 2010 | 145,000 | $635 |
Honda (CR-V) | 2011 | 67,000 | $2,930 |
Ford (Explorer Sport Trac) | 2004 | 145,000 | $1,170 |
Oldsmobile (Alero) | 2004 | 162,000 | $400 |
Audi (A6) | 2006 | 106,000 | $530 |
Wheelzy
How Much Wheelzy Will Pay for Your Car in Minnesota?
Here are a few examples of Wheelzy’s recent purchases:
Make | Mileage | Year | Offer Value |
---|---|---|---|
Ford (Expedition) | 250000 | 2005 | $535 |
Dodge (Charger) | 250000 | 2006 | $600 |
Pontiac (G6 Sedan) | 300000 | 2009 | $300 |
Recent Wheelzy offers
Model | Year | Mileage | Condition | Offer |
---|---|---|---|---|
Hyundai (Tucson) | 2006 | 200,000 | Doesn’t start | $400 |
Mercury (Sable Sedan) | 2003 | 150,000 | Doesn’t start | $225 |
Mercedes-Benz (C) | 2001 | 150,000 | Starts | $222 |
Ford (Edge) | 2010 | 200,000 | Doesn’t start | $1,200 |
Ford (Flex) | 2009 | 150,000 | Starts | $1,000 |
Lexus (RX) | 2002 | 300,000 | Doesn’t start | $750 |
Chevrolet (Cobalt Sedan) | 2007 | 200,000 | Doesn’t start | $200 |
Toyota (Corolla) | 2003 | 250,000 | Drives | $555 |
BMW (528) | 2008 | 250,000 | Drives | $1,487 |
CarBrain
How Much CarBrain Will Pay for Your Car in Minnesota?
Here are a few examples of CarBrain’s recent purchases:
Make | Mileage | Year | Condition | Offer Value |
---|---|---|---|---|
Chevrolet (Silverado) | 170,000 | 2004 | Collision damage: Roof | $1030 |
Toyota (Highlander) | 169,000 | 2005 | Mechanical damage: Transmission | $1540 |
Honda (CR-V) | 227,971 | 2008 | Mechanical damage: Engine | $845 |
Recent CarBrain offers
Model | Year | Mileage | Condition | Offer |
---|---|---|---|---|
Mitsubishi Outlander Sport | 2011 | 50,000 | Collision damage, starts, doesn’t drive | $1,270 |
Jeep Grand | 2015 | 43,000 | Collision damage, starts, doesn’t drive | $8,000 |
Chevrolet | 2013 | 50,000 | Collision damage, does not start | $1,335 |
Dodge Charger | 2011 | 143,448 | Collision damage, does not start | $1,000 |
Nissan Altima | 2013 | 82,000 | Collision damage, starts and drives | $1,725 |
Chevrolet Silverado | 2008 | 250,000 | Engine damage, starts, doesn’t drive | $1,750 |
Sell Car to Dealership
If you don’t want to sell your car privately, you can opt for dealerships. But before using dealerships to sell your vehicle, you need to do a background study to determine your car’s worth.
Most dealerships will offer you quotes depending on your vehicle’s mileage, condition, make, and current condition. Furthermore, the prices quoted by dealers might differ from the vehicle’s original retail price.
Once dealerships inspect your car, they will offer you an offer. If you accept the quote, you will drop your vehicle and receive your payment instantly.
How to Sell a Car to a Dealership in Minnesota?
To sell a car to a Minnesota dealership, gather essential documents like the title and ID, determine its value using online resources, clean and prepare the vehicle, and contact multiple dealerships for quotes.
Schedule appraisals and negotiate the price for the best deal, then complete paperwork by signing over the title and filling out forms.
Receive payment through check or electronic transfer, remove personal belongings, and cancel insurance and transfer registration, including dealing with license plates.
Best Dealerships in Minnesota
Minnesota is home to many well-known car dealerships that sell a wide range of vehicle brands and models:
- Luther Automotive Group: Luther Automotive Group has multiple locations throughout Minnesota and offers a variety of brands, including Ford, Chevrolet, Toyota, Volkswagen, and more.
- Walser Automotive Group: Walser has several dealerships across Minnesota and offers a selection of new and used vehicles from various manufacturers, including Honda, Subaru, Nissan, and more.
- Morrie’s Automotive Group: Morrie’s has multiple locations in the Twin Cities area and sells brands such as Mazda, Subaru, Toyota, and more. They are known for their customer-focused approach.
- Rudy Luther Toyota: Located in Golden Valley, Rudy Luther Toyota specializes in Toyota vehicles and provides sales and service options.
- Luther Brookdale Chevrolet Buick GMC: This dealership in Brooklyn Center offers a range of Chevrolet, Buick, and GMC vehicles.
- Luther Nissan Kia: Luther Nissan Kia in Inver Grove Heights sells Nissan and Kia vehicles.
- Village Automotive Group: Village Automotive Group has multiple locations in the Minneapolis area and offers a variety of vehicle brands, including Honda, Acura, Lexus, and more.
- Mills Automotive Group: Mills Automotive Group has several dealerships across Minnesota and sells a range of brands, including Ford, Lincoln, Chrysler, Dodge, Jeep, and Ram.
- Buerkle Hyundai: Located in St. Paul, Buerkle Hyundai specializes in Hyundai vehicles and provides sales and service options.
- White Bear Mitsubishi: This dealership in White Bear Lake focuses on Mitsubishi vehicles and offers sales and service.
People Also Asked
Does Minnesota charge sales tax on car sales?
Yes, Minnesota does charge sales tax on car sales.
The sales tax rate for vehicle purchases in Minnesota is 6.875% of the taxable vehicle sales price.
This tax is paid to a deputy registrar or Driver and Vehicle Services of the Department of Public Safety when the vehicle’s title is transferred.
It’s important to note that local sales tax does not apply to vehicle sales in Minnesota
How long should I take before filling out a Report of Sale in Minnesota?
In Minnesota, you are required to file a Report of Sale within 10 days after selling, trading, or otherwise transferring ownership of a vehicle.
This is an important step as it notifies the Minnesota Department of Public Safety that you no longer own the vehicle, which can protect you from liability for parking tickets, traffic violations, and other issues that may arise after the vehicle has been sold.
What other cost will I incur besides sales tax when selling my car in Minnesota?
Apart from sale tax, other costs include:
- The title transfer fee is $8.25
- The public safety vehicle fee is $3.50
- The filing fee is $10
- The transfer fee is $10
What do Minnesota laws recommend about a Notice of Transfer?
In Minnesota, while sellers are not required to submit a notice of transfer and a release of liability when selling a car, they are required to submit a report of sale.
Despite not being mandatory, it’s strongly advised to submit a transfer notice and release of liability, as this absolves the seller from any future liabilities related to the vehicle.
Ideally, this process should be completed in person with the buyer at the time of transferring the vehicle title at a local Minnesota DVS office.
Where can I get vehicle history reports in Minnesota?
You can purchase vehicle history reports from AutoCheck, CarFax, or the National Motor Vehicle Title Information System (NMVTIS) official website.