If you are planning to transfer the ownership of the car title, there is a process that you are supposed to follow. The process begins by you examining the car title. You should closely look at it to determine whether it is transferable or not. If it is only your name that is appearing on the title, then the transfer process will be straightforward. The challenge will happen when, in the title, the name of a lending institution is happening. In this case, it means that you have not cleared your loan, and the process of transfer is impossible. You are firsts supposed to clear the loan. Another instance where the car transfer process would be challenging is the car ownership is a partnership, e.g., a wife and husband. In this case, the parties involved will be required to agree on the ownership transfer unanimously. Here’s a good read about mire aqui, check it out!
If you are the seller of the vehicle, you will be required to fill the transfer form—another thing you will be supposed to fill in the bill of sale. The bill of sale will be completed regardless of whether the car is being presented as a gift. You will be required to provide another document that shows that you are the owner, and they can be used in the transfer.
The buyer is also involved in this process. They are supposed to fill the bill of sale. From there, they will pay the sale tax. There are, however, some cases where one is exempted from paying the sale tax. In this case, you should show proof of exemption. From there, the buyer will proceed to the registration or transfer of the title of the car. In the process, the seller is required to provide proof of ownership. In the case there is no proof of ownership, there is a different process to be followed.
There is a prevalent misconception among people regarding ownership transfer. Some of them think that you can transfer the ownership by simply changing the name on the certificate. However, you cannot do that without the title transfer. Kindly visit https://en.wikipedia.org/wiki/Car_ownership for more useful reference.
The process of transferring the car title ownership is complicated and involves a lot of hassles. You will have to travel, move to the insurance offices and also get the DMV services. You can avoid these hassles by considering a company that can help in the entire process. The Placas Al Instante has been helping people in California in the title transfer process.
Site Title 