Gather your paperwork

Selling checklist will help you get started
http://pages.ebay.com/ebaymotors/sell/Sell_Your_Vehicle_Checklist.pdf

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A free website like craigslist.com can serve as an extremely useful medium to spread the word about your car sale. Make sure you look at other people’s Ads too, and post your car’s pictures and description accordingly. Try craigslist—you will definitely get lots of inquiries.

You can also list your vehicle for sale on Ebay for free under Motors Local Classified Ad
http://hub.motors.ebay.com/sell

Put your price slightly higher than what you expect

Use an independent source to determine the wholesale and retail values of your target vehicle. The most frequently used sources for this are, DriverSide, Edmunds and Kelly Blue Book.

http://www.driverside.com/
http://www.edmunds.com/
http://www.kbb.com/

Prepare your vehicle

While waiting for potential buyers to call you, fix any minor problems with the car. Clean the car. Thoroughly wash the interior and exterior. In this case, you will have more bargain power to stand behind your asking price.

Do your sales-pitch when they phone

Explain the real and good reason for selling your car. Explain how many miles you have driven the car on your own, and explain your overall experience with the car.

If the buyer is interested, make an appointment to meet in a public place or a place that both of you feel comfortable.

Test drive the car and Negotiation

Buyer will talk your price down and find all small problem that they can find from your car. Negotiate back and forth to get the deal that’s right for you. When negotiating, never refuse to budge on the price, and don't let them walk away for a small difference.

Seal the deal

Only accept cash or cashiers check. If you do not think you would be able to identify a fake check or counterfeit bills, then bring your buyer to the bank with you and have him deposit the money directly into your account.

Sign the pink slip. Give the buyer the signed pink skip and have him fill out the “transfer/release of liability” form.

When someone has agreed to buy your car, make sure you print a Bill of Sale and get it signed by your buyer.

Bill of Sale Sample
http://siy.cars.com/pdf/carscom_bill_of_sale.pdf

Immediately after the sale, mail the “transfer/release of liability” to the DMV and contact your insurance company to remove that vehicle.