How to Complete a DealNow Deal as a Buyer
Once you have a DealNow deal set up with a seller, you will do the following steps to close the deal as a buyer:
You will confirm the following information regarding the vehicle in step 2 of the deal:
- the purchase price
- the license plate
- the state the vehicle is registered in
- the odometer reading
- who will be paying the closing fee
Once you have confirmed all of the steps above, you will click the "Yes, mark as confirmed" button. You (the buyer) and the seller both must confirm this info in order to move on to the next step.
- In step 3 you will confirm all of the information regarding the title of the vehicle. You will confirm the ownership status and where the title is that the seller added in their portion of the deal. You will also confirm how the title will be transferred/ delivered to you.
- In step 4, you have the option to purchase additional services to help with your vehicle transaction. If you do not wish to take advantage of these additional services you will click the "No thanks, I don't need any services" button to move on to the next step.
- After both you and the seller have confirmed the deal information, title information, and reviewed the available service upgrades, you will review and sign the bill of sale as well as the title acknowledgment. Click the "Review and Sign" to pull up the bill of sale. The DealNow provided bill of sale can be e-signed from your phone or desktop. Most states will accept the DealNow provided bill of sale but be sure to check if your state will accept it.
Once you have reviewed the bill of sale, you will click "Sign Document":
From there, you will e-sign the document:
Then you will complete the title acknowledgment which acknowledges that you as the seller will need to sign and hand over the title to the buyer once the deal has been done:
- Once both the buyer and seller have e-signed the bill of sale and completed the title acknowledgement, the buyer will then click "Start transfer" to start the transfer of funds to close the deal.
You will enter the 4-digit verification code sent to your phone and then transfer the funds
Once you have transferred the funds, the money will move instantly to the seller's DealNow Pay account and they will have full legal custody of those funds. The seller will then sign over the title to you as the buyer.
*Account services are provided by USALLIANCE Financial, a licensed and insured banking institution. DealNow does not facilitate or handle any funds throughout the transaction. All funds are in the custody of USALLIANCE Financial.