How to transfer a car title Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make better financial decisions by offering interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free and help you make sound 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 Earn money The products that are advertised on this site are from companies that pay us. This compensation may impact how and where products are displayed on this website, for example the order in which they may be listed within the categories of listing, except where prohibited by law for our mortgage home equity, mortgage and other home loan products. However, this compensation will have no impact on the information we provide, or the reviews that you read on this site. We do not contain the universe of companies or financial deals that could be available to you. Photo_Concepts/Getty Images

3 minutes read. Published 11 October 2022

Kellye Guinan Kellye Guinan. Written Personal and Business Finance contributor Kellye Guinan is a freelance editor and writer with more than five years’ experience in personal financial planning. She also is employed full-time at the local library where she helps her community access information about financial literacy, in addition to other subjects. Edited by Helen Wilbers Edited by Helen Wilbers Editing for Bankrate from late 2022. He believes in clear reports that help readers successfully land deals and make the best choices for their financial situation. He is a specialist in auto and small business loans. The Bankrate promise

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There are money-related questions. Bankrate can help. Our experts have been helping you manage your finances for over four years. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout 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 produce honest and reliable content to help you make the right financial decisions. The content we create by our editorial staff is factual, objective and is not influenced from our advertising. We’re transparent about the ways we’re in a position to provide quality content, competitive rates, and helpful tools to our customers by revealing how we earn money. is an independent, advertising-supported publisher and comparison service. We are compensated for the placement of sponsored products and, services, or through you clicking certain links posted on our website. So, this compensation can influence the manner, place and when the items appear in listing categories, except where prohibited by law for our mortgage, home equity and other home loan products. Other elements, like our own proprietary website rules and whether the product is available within your region or within your personal credit score could also affect the manner in which products appear on this website. Although we try to offer the most diverse selection of products, Bankrate does not include information about every financial or credit products or services. If you have recently sold or are currently selling, one of the most crucial actions is to transfer the car title. It is the legal document that identifies the owner of the vehicle. Regulations and laws for title transfers differ by state. The process and procedures are usually simple, but check your state’s department of motor vehicles for specific requirements. What is the process to transfer a vehicle’s title as a buyer As the new vehicle owner, it is crucial to complete the paperwork as soon as you can. There is no legal ownership of the vehicle until you get the title transferred by working together with the seller in order for the transfer to happen. This usually follows the following steps. Confirm the seller is the legal owner of the vehicle. Check the VIN and ownership documents to make sure you’re not buying a . You should also keep track of the odometer’s reading when you purchase the vehicle. Transfer of title by seller: The seller of the vehicle has to transfer the title to your name after signing the release and then transferring the title to your name. Check if liens have been cleared: If the seller has an outstanding loan to the car, the lien has to be resolved. A confirmation from the lender declaring that the loan has been paid — or just checking that the title is listed as lien-free with the DMV — is sufficient. To obtain a new title: Once the owner’s signature is approved on the title, and any lien has been cleared, go to the DMV to get the new title issued in your name. Temporary title issued: In a lot of cases, the DMV can issue temporary titles and then mail the final document within a few weeks. Transferring your title is easier when you purchase from a dealership. The majority of dealerships handle the process for you. But if you want to , it will be on you and the seller to make sure that the documents are handled properly. What is the procedure to transfer a car title as a seller If you , you must transfer the ownership to the buyer. This is an especially important step as you will still have legal ownership until the transfer is completed. Until then, you will be held liable for any legal encumbrances or charges incurred by the vehicle’s new driver. In your capacity as the vendor, you need to confirm the title you have previously signed so that the buyer can obtain the title they want with their own name. To speed up the process take a trip to the DMV together with the buyer, and then get the document notarized in the event that your state requires it. When more than one name is on the document, it is important to determine if the word between the names in the title reads “or” or “and” prior to finalizing the transfer. If the word is “and,” you will require the other named person to approve the transfer, too. To a dealer comes with less paperwork, however you’ll probably earn less money through this route. However, a dealership will likely manage the transfer of title for you. It is still necessary to accept the titlehowever it will be less time-consuming in the end. Transferring an auto title using the help of a loan However, the transfer of a vehicle title is relatively simple, it can be a bit more complex. If the owner of the vehicle is still paying off an auto loan and the lender will likely have possession of the title. Check with the lender to ensure the loan is fully paid so the new owner can . Then you can request evidence of loan pay-off to be sent to the DMV in your area so that the transfer can occur. Documents needed Although the necessary documents vary by state When the time comes to transfer the title at your DMV you’ll most likely need the following documentation in order to get the bill of sale Price of sale Odometer reading date of sale. Insurance details Name of the buyer and the recipient as well as address. License information Bottom note that transferring your title to your vehicle is the final step in the car buying or selling process, so it’s important that it is done correctly. Be sure that all the owners of the vehicle agree to the transfer of ownership over to the purchaser. Also, ensure that all the liens are removed to ensure that the sale is completed properly. Because the rules vary by state, make sure you check with your local DMV and call ahead to ensure you have all of the needed documents before you go in for the new title.


Written by Business and personal Finance contributor Kellye Guinan is a freelance editor and writer with more than five years ‘ experience within personal financial planning. She also is employed full-time at the local library, helping the community gain access to information on financial literacy, as well as other subjects. Edited by Helen Wilbers Edited by Helen Wilbers Editing for Bankrate since the end of 2022. He values the clarity of reporting that can help readers confidently get deals and make best choices for their finances. He specializes in small and auto loans. Related articles Auto 4 min read Jan 19 2023 Auto 4 min read Sep 20 20, 2022 Auto Loans 3 min read Aug 18 2022. Auto Loans 3 min read June 23 2022

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