Hi all,

What are the steps I should take in the transaction in which I am buying a car from a private party?
We have settled on a price.
How should I pay the party?
What documents should I receive from the party?
Where should I register the purchase?


Thanks in advance.

MG

Check this link on the Minstry of Transportation website --> http://www.mto.gov.on.ca/english/dandv/vehicle/pdf/Buyer\'s_Checklist.pdf

Excerpt from the Ministry's website:

As the new owner, you must register your used vehicle within six days of the sale. Here is how:

1. Bring the Used Vehicle Information Package and the vehicle permit with the completed Application for Transfer to a Driver and Vehicle Issuing Office
2. Pay the retail sales tax. At the time of the transfer, the Driver and Vehicle Licence Issuing Office collects the tax. The amount of tax is based on the purchase price or the wholesale value, whichever is greater
3. Pay the licensing / fees for plates and permit
Trailer plate and permit = $35
Passenger, Commercial, Motorcycle and Moped Licence Plates and permit = $20
Attaching Plates you already own = $10
To validate a plate, the plate holder must pay for the validation sticker, which is calculated from the date of the vehicle transfer to the expiry date of the licence plates.
Transfer fee for a snowmobile is $6 and the annual validation is $15
4. Present proof of insurance (if you are going to put plates on the vehicle)
5. Get a Safety standards certificate if the vehicle will be plated and operated on the roads. This is not required for trailers or mopeds or off-road vehicles or snowmobiles.
6. If your vehicle is registered, plated and in the Drive Clean program, show the vehicle emissions report. To find out if your vehicle needs to pass an emissions test, call the Ministry of the Environment’s Drive Clean Call Centre:
toll free: 1-888-758-2999 or
visit Drive Clean
7. If this is the first time you have registered a plate or vehicle with this ministry, present proof of identify (verifying legal name, date of birth and signature).
8. If you are registering plates that you already have, bring the plate portion of your vehicle permit with you to the Driver and Vehicle Issuing Office
Questions? Call us at the Driver and Vehicle Licensing Call Centre:
Toronto Area: 416-235-2999
Toll Free: 1-800-387-3445

Liens (Debts on a vehicle)
Nobody wants to watch a tow truck take away the car they just bought. But that is what can happen, if there is an outstanding debt, or lien, on a vehicle you have purchased. This is one reason why it is so important to get a Used Vehicle Information Package and check the lien information.

Buyers
Did you know?
If the lien is not paid, the secured party (debt holder) can reposses the vehicle from the person who owes the money or from the buyer of the vehicle.
If there are debts registered in Ontario on the vehicle, the lien information will tell you:

The name and municipality of the person who owes the money. If a business owes the money, the package will have the full street address
The name and address of the lender (the secured party)
The place where the debt is registered
The amount of the debt

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SS
Reiki Grand Master

Its always better to exchange a receipt of the transaction and the money mentioning the details of both parties and ensuring that the vehicle is free from any liens / fines / encumberances till the time of sale .

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Fido.