Selling a Car in Alaska
When you’re selling a vehicle in Alaska, there are some state-specific requirements that you need to keep in mind. We’ve collected the appropriate information here so your vehicle-selling experience in the state can go smoothly.
1. Title Information
First of all, make certain you completely own your vehicle. In the state of Alaska, you can only sell a vehicle if you have total ownership of it (in other words, only if any loan on the vehicle has been paid off).
Second, make certain that you have the actual title. If you cannot find the title, you’ll need to request a replacement title from the Alaska Division of Motor Vehicles. You need an official title because you and the new owner both have to sign the title as proof of the transfer of ownership from you to them. Make sure that both of you completely fill out the title transfer section of the title. The last thing you want is to accidentally end up still owning the vehicle and being liable for anything the new driver does with it.
Alaska prefers that transfers of titles happen at actual DMV offices. If you do not transfer the title at an actual office, you will also need to fill out either the “Notice of Vehicle Sale for Transfer” (a detachable section at the bottom of the title) or a Notice of Transfer Pending from the DMV office. In either case, you must then send the filled-out form to the DMV office within 30 days.
2. Bill of Sale Requirements
Alaska does not require you to put together a Bill of Sale when you sell a vehicle but suggests you do so in order to protect your liability. The Bill of Sale should include the following:
- The new owner’s name
- The full address of the new owner
- The seller’s name
- The full address of the seller
- The date of the sale
- The sale price
- A full and detailed vehicle description, including the vehicle’s make, model, year, series number (if applicable) and body type (2-door, 4-door, sedan, etc.), as well as the vehicle identification number (VIN)
- If the new owner has taken out a loan on the vehicle, the name of the lienholder
- The date of the lien (if such exists)
- The vehicle odometer reading at the time of sale
- The signatures of the seller and new owner
- Any other terms of the sale
Alaska used to require emission testing for vehicles being sold in the state, but this requirement ended as of March 1, 2012. Registration in Alaska lasts for two years and does not have to be current in order for a vehicle to be sold.
4. License Plates
In Alaska, license plates can either remain with the owner or the vehicle. Alaska’s Division of Motor Vehicles points out that if you have personalized license plates, you are welcome to keep them and the new owner will receive a new set of plates at no charge.
5. Odometer Disclosure Requirements
In Alaska, when you sell a vehicle that is 10 years old or newer, you must disclose the vehicle’s odometer reading. If this applies to you, make certain you fill out the Odometer Disclosure Statement before the sale is completed.
6. Other Information
If you have questions or want more details about anything relating to selling your vehicle, check out the website for the Alaska Division of Motor Vehicles.