How to transfer a car title Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial choices by providing you with interactive tools and financial calculators as well as publishing original and objective content. This allows users to conduct research and compare information for free to help you make informed financial decisions. Bankrate has agreements with issuers, including but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make money The products that are advertised on this site come from companies that pay us. This compensation may impact how and where products are displayed on this site, including for instance, the order in which they appear in the listing categories in the event that they are not permitted by law. This applies to our mortgage, home equity and other home loan products. However, this compensation will have no impact on the information we publish, or the reviews you see on this site. We do not include the vast array of companies or financial offers that may be accessible to you. Photo Concepts/Getty Images

3 min read . Published October 11, 2022

Kellye Guinan Kellye Guinan. Written by Personal and Business Finance contributor Kellye Guinan is a freelance editor and journalist with more than five years of experience in personal financial. She is also employed full-time at the local library, where she assists people in her community gain access to information on financial literacy, in addition to other subjects. Edited by Helen Wilbers Edited by Helen Wilbers Editing for Bankrate since late 2022. He believes in clear reporting that helps readers easily land deals and make the most informed decisions regarding their financial situation. He is a specialist in auto and small business loans. The Bankrate guarantee

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There are money-related questions. Bankrate can help. Our experts have been helping you manage your finances for more than four years. We are constantly striving to give consumers the professional guidance and the tools necessary to make it through life’s financial journey. Bankrate adheres to strict standards policy, which means you can be confident that our content is truthful and accurate. Our award-winning editors and reporters provide honest and trustworthy content to help you make the right financial decisions. The content created by our editorial staff is objective, factual and is not influenced through our sponsors. We’re transparent about how we are capable of bringing high-quality content, competitive rates and useful tools to you by explaining how we earn our money. is an independent, advertising-supported publisher and comparison service. We are compensated for the placement of sponsored products and services or by you clicking on certain hyperlinks on our site. So, this compensation can affect the way, location and in what order the products are listed within categories, except where prohibited by law for our mortgage home equity, mortgage and other products for home loans. Other elements, like our own rules for our website and whether or not a product is offered in the area you reside in or is within your self-selected credit score range can also impact the way and place products are listed on this site. Although we try to offer a wide range offers, Bankrate does not include information about every credit or financial products or services. If you have recently sold or are in the process of selling your car, one of the most important actions is to transfer the car title. It is the legal document that identifies who the owner of the car is. Regulations and laws for transfer of title vary from state to state. The process and procedures are typically simple, however, you should check with the state’s department for motor vehicles for specific requirements. What is the process to transfer a vehicle’s title as a buyer As the new owner of the vehicle it is important to handle the paperwork as quickly as you can. There is no legal ownership of the vehicle until you have the new title sorted, which means working in with the seller to allow the transfer to happen. It usually takes some specific steps. Confirm you are the legal owner Check the VIN and ownership documents to make sure you’re not buying a . You should also take note of the odometer reading at the time you buy the vehicle. Transfer of title by seller: The vehicle’s seller must transfer the title to your name after signing the release and transferring ownership to you. Ensure liens are cleared: If the seller holds a loan for the automobile, that lien must be settled. A statement from the lender declaring that the loan was paidor simply confirming that the title is listed as free of lien with the DMV — is enough. Get new title: After the owner’s signature is approved on the title and all lien has been cleared, head to the DMV to get the new title issued under your name. Temporary title issued: In most instances, the DMV will provide an interim title and send the final document within a few weeks. Transferring your title is less complicated when you purchase at a dealership. The majority of dealerships handle the process for you. If you’d like to handle it, it’s on you and the seller to ensure the proper handling of the paperwork. How do you transfer a vehicle title as a seller If you are a seller, you have to transfer ownership on the other side to the new owner. This is an especially important step because you still hold legal title until the transfer occurs. Until then, you will be held accountable for any legal trouble or fees that are incurred by the new owner. As the seller, you need to be the one to sign the old title in order that the buyer can obtain the title they want under their name. To simplify the process take a trip to the DMV with the buyer, then have the paperwork notarized if the state you live in requires it. In the event that more than one individual is named on the certificate, you need to check whether the name between them on the title is “or” or “and” prior to finalizing the transfer. If the word is “and,” you will require the person who is not listed to approve the transfer, too. To a dealer comes with lesser paperwork, but you’ll likely earn less money through this route. But the dealership will take care of the title transfer for you. It is still necessary to confirm your title but it should be less time-consuming overall. How to transfer the title of a car using the help of a loan However, the transfer of a vehicle title is relatively simple, it could be more complicated. If the current owner is still paying off an auto loan then the lender may have ownership of the title. Check with the lender to make sure the loan is fully paid so the new buyer can . Then you can request proof of loan pay-off to be sent to the DMV in your area so that the transfer will be completed. Documents required Although the requirements for documents differ by state When the time comes to transfer your title at your DMV, you will most likely require the following documents in order to get the bill of sale: Sale price Odometer reading Date of sale Insurance information Name and address of the buyer and recipient address Information about the license The bottom line Transferring your vehicle title is the final step in the buying or selling process, and it’s crucial that it is done correctly. It is essential that all owners of the vehicle agree to the transfer of ownership over to the purchaser, and all lien holders are cleared to complete the sale properly. Since the rules differ by state, make sure you check with your local DMV and call ahead to confirm that you have all of the required documents prior to going into the store to pick up the new title.


Written by Business and personal Finance Contributor Kellye Guinan is a freelance editor and writer who has more than five years of experience in personal finance. She also is a full-time worker at her local library, where she assists her community access information about financial literacy, among other topics. Edited by Helen Wilbers Edited by Helen Wilbers has been editing for Bankrate since the end of 2022. He believes in clear reporting that helps readers successfully find deals and make the most appropriate choices regarding their financial situation. He is a specialist in auto and small business loans. Related articles Auto 4 min read Jan 19, 2023 Auto 4 min read Sep 20, 2022 Auto Loans Read 3 minutes August 18, 2022. Auto Loans 3 minutes read June 23 2022

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