Transfer Car Title Basics: Tips To Know About Your Nevada Title
It is important to have the most updated version of your car title. This is why it is important to properly transfer the car title if you have recently purchased or sold a vehicle, or recently moved to Nevada. You can complete this process by going through the Department of Motor Vehicles.
Here are the tips to know about how to transfer a car title in Nevada.
Things To Keep In Mind When Transferring A Nevada Car Title
New Residents
If you have recently moved to Nevada, you are recommended to transfer your vehicle title with the Nevada Department of Motor Vehicles. This is not technically a requirement, but it will make it easier to avoid any red tape if you decide to sell your car in the future.
Once you move to Nevada, you should establish your title and registration at the same time, within a month or so of moving to the state.
Buying and Selling Vehicles
The rules and regulations surrounding how to transfer a car title vary depending on where you are buying or selling your car.
If you are purchasing a car from a dealership, the dealership is required by law to send all of the title paperwork to the DMV within thirty days of completing the sale, and you receive your copy of the title in the mail.
If you are financing your vehicle, then the lien holder gets the title instead of you. If you do this, you still need to complete your own registration forms on the DMV website.
If you are purchasing a car from another individual, then you need to get the original title directly from that person. If that person has a lien on the title, then you also need to get proof that the lien has been released.
You will also have to get proof of emissions testing on the car within the last three months. Once you have all of this paperwork, you can take this to the information, along with the other following documents:
- Proof of car insurance in Nevada
- Proof of a Vehicle Identification Number inspection, if this is your first time getting a title for the car in Nevada
- Your driver’s license or another valid form of government-issued photo ID
- Form VP-222, also known as the Application for Vehicle Registration
If you are the one who is selling a car in Nevada, then your obligations are a little bit different. First, you have to remove the license plates from the car. You will either keep these or turn them in to the DMV.
Next, you have to transfer the car title to the person buying the vehicle. If the title is marked “and”, then every person on the title has to sign. If it is marked “or”, then only one person has to.
Next, you have to complete a bill of sale and give the buyer proof of lien release, if appropriate. Finally, you have to let the DMV know that the sale was made.
Inheriting, Gifting, Or Donating A Vehicle
Giving someone a vehicle as a gift is treated the same way that private sales between individuals are. This means that you do not have to face any special requirements for gifting a car to your loved ones.
If you are inheriting a car from someone who has passed away, you have to surrender the original owner’s driver’s license and license plates to the DMV. You will be issued new ones. You also need to provide a death certificate and submit the vehicle title as well.
Removing Liens From Your Title
If you have finished paying off a lien on your title, you need to get your title back. Your lien holder should send you your title back automatically. You will have to fill out the title again, indicating that the lien has been satisfied. If the lien holder does not have your title, they can send you a lien release form instead.
Getting Car Title Loans
One of the advantages that come when you transfer a car title to yourself is that you are now able to apply for a Nevada car title loan.
This is a way to get fast cash based on the value of your Nevada title so that you can pay for emergency expenses. You apply for one of these loans today with Nevada Title and Payday Loans, Inc.
The only things that you need to get started applying for car title loans in Nevada are the following items:
- Your driver’s license or another valid form of government-issued photo ID
- The Nevada title
- Your car for inspection by a loan specialist agent
Once you have all of this, you are ready to get started with the easy online application.
Final Thoughts
The process to transfer a car title in Nevada is not difficult, it just requires you to fill out some paperwork with the Department of Motor Vehicles.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.