Procedure to transfer car title in New Jersey
To be legally considered as the owner of a car in New Jersey, an individual needs to assure that that car title is in his/her name. This includes each and every time whenever a car is brought, sold, gifted or inherited or also when the ownership of the vehicle changes.
The process is very simple; you just need to take care of a few important points to ensure a successful car title transfer in New Jersey. The important points to be kept in mind by New Jersey car buyers include:
- Ensure that the seller finishes the rear of the title precisely, and signs it. You will likewise need to sign it and incorporate your driver’s license number.
- Alongside this, you also need to ensure that you are getting a lien release from the seller without fail.
- Ascertain to get insurance done on the car.
- Make sure you take this information along with the money for the title transfer fee to the MVC.
Common mistakes made by car buyers in New Jersey are they do not get a lien release or in some cases, they do not realize that lien exists on privately sold vehicles as well.
If you are a seller and are planning to sell a car in New Jersey then you need to take care of other important aspects also before selling a car in New Jersey.
- Complete the back of the title, including all relevant data. This incorporates your name, the buyer’s data, the odometer perusing, the date of the sale, the measure of the sale and your signature.
- Remove the license plates from the vehicle. They don’t move to the new proprietor and must be gone into the MVC.
- Give the buyer a lien release if the lien has been paid off.
Common mistakes made by car sellers in New Jersey are they do not provide a lien release.