Once an auction concludes with a winning bid, Hot Rods Trader immediately connects the buyer and seller to complete the transaction.

If the listing is for a vehicle, and you’re new to car transactions or simply prefer added protection and convenience, we strongly recommend using KeySavvy.
 

KeySavvy provides a secure and streamlined process for car sales—handling payment, title transfer, and documentation for a small service fee. It's an excellent option for a smooth and safe experience for both buyers and sellers.

Learn More About KeySavvy >>

Additionally, our platform supports PayPal as a payment method—if accepted by the seller—which can offer buyer protection (terms and limitations apply).
 

Here are important steps to ensure a smooth and secure post-sale process:
 

1. Make Contact Promptly

Once the auction is won, the buyer and seller should reach out to each other right away. Keep communication professional and courteous to promote a positive transaction experience. Sellers should provide proof of ownership, such as a photo or copy of the title and registration.
 

2. Payment and Documentation

• Buyers are expected to complete payment within 7 days of winning or purchasing the listing.

• If the vehicle has an existing loan, the parties should agree on how the payoff will be handled:

  • The seller may pay off the loan and provide lender documentation.

  • The buyer may pay the lender directly, then pay any remaining balance to the seller.

• Create a Bill of Sale outlining terms, signed by both parties. Templates and requirements vary by state—check your local DMV for guidelines.

• Preferred payment methods include:

  • Wire transfer

  • Cashier’s check

  • KeySavvy

  • PayPal (if enabled by the seller)

  • In-person transactions at a bank or via secure electronic transfers
     

3. Title Transfer and Vehicle Shipping

• The seller should only release the vehicle and title once full payment is confirmed.

• If shipping is required, buyers can use one of our trusted Shipping Partners to arrange transport.

• For remote transactions, the seller should send the signed title to the buyer using a tracked courier service after receiving payment.