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Transferring a title is generally an easy, but time-consuming process. Typically the seller just needs to print and sign his or her name and write down the vehicle’s mileage on the title in the “Assignment of Title” section. The buyer then prints and signs his or her name on the title. It is then the buyer’s responsibility to take the title to the Department of Motor Vehicles (DMV) and register the vehicle, thus officially transferring the title from the seller to the buyer.
Unfortunately not every title transfer is completed seamlessly. Before the title transfer is completed there are questions you need to ask yourself:
- Is the vehicle cleared of any liens? Meaning, does the seller own the vehicle outright, and the vehicle has a clear title. If the title is not clear then the seller is not the legal owner of the vehicle, and it will be impossible for the buyer to register the vehicle in his or her name.
- Is the buyer or seller who he claims to be? If the transaction appears too good to be true, maybe it is.
- Do you have all the proper documentation needed to register the vehicle at your DMV?
Escrow.com provides consumers with a secure, controlled online environment to manage private party used car purchases. For as little as 0.89% of the transaction price Escrow.com protects you