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Transferring a Used Car Title

If you are selling your luxury used car or are giving it to a family member, there are a lot of things that you'll need to take care of first. Handing over your vehicle to someone else may require a lot of different steps, and you might have to jump through some hoops. One of the things that you need to be careful of when you are doing so is that you make sure that you transfer the title to a used car correctly.

If you are going to transfer ownership of a car, then you need to have a clear title. If you are trying to sell a car that has a lien on it, then the buyer will be unable to register it in his or her name. The responsibility of clearing the title on your car is going to lie with you, so it's something that you need to be able to take care of before you think about transferring the title of a car to someone else. You not only need to clear all liens, but you also need to be able to prove that you have done so.

Steps for Transferring a Car

Once you have cleared the title of your vehicle, then you will be able to proceed with transferring it to another driver. You need to sign the title of your car as the seller, and you need to list the mileage that is currently on it. When you are done with this, you are going to give the title as well as the lien release document to the seller. It will then become his or her responsibility to go through with the process of putting the vehicle in his or her name.

You need to make certain that you have signed the title over to the buyer before you give him or her the vehicle. If you don't do this, then you are going to end up being legally responsible for the vehicle, and this is not what you want when you are transferring it to someone else. It's in your best interest to spend a little time going over the paperwork to make sure that everything is in order. Double check your signature as well as that you have recorded the mileage on the vehicle correctly.

Tips and Warnings

Before you switch the title of a used car over to someone else, you need to make sure that you have been paid in full. If you don't get the money that you are owed before you sign the papers on the title, then there is a good chance that you might not ever see the rest of the money that you are owed. If you don't want to take a chance on this kind of thing happening, then you need to make sure that you collect all of your money up front from the buyer

When transferring a used car title, you're also going to want to make sure that you take the license plate off of your vehicle. A license plate is something that stays with you and not with the vehicle. Your buyer is going to have to pay to get a new license plate on the car once you have transferred it, and you are going to want to keep your license plate for your next new vehicle. If you forget to collect your license plate, then this will create more work for you later, as you will need to contact the buyer and get it back.

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