Vehicle ownership is established by the car title, which is a legally binding document that lists the name of the rightful owner or owners. If you want to sell your car to another party, you must transfer the title in the correct manner to ensure the transaction is successful. This guide explains the proper methods for doing so, and what you can do if your situation is more complex. 

How to Transfer a Car Title 

If you're the vehicle's sole owner, the process for transferring titles is usually pretty straightforward. Simply sign the document and give it to the new buyer, who must take it to the DMV. The DMV will then create new title and registration documents reflecting the name of the new owner. Sellers may also need to provide additional information, such as an odometer reading, bill of sale, or a transfer of ownership form. 

What to Do If Other Owners Are Listed

In cases where you own the vehicle jointly with a spouse, you must both sign the document before it can be transferred to the new owner. However, if you're leasing the vehicle and the name of the lender is listed on the title, the process becomes a little more challenging. The lender is considered a lienholder, which means they have an investment in the vehicle because they provided funding. 

If you're able to pay off the remainder of the loan before the sale, you can contact the lender and ask to have their name removed as lienholder. They will send a lien release document that you can take to the DMV to have the vehicle re-titled. If you can't pay off the loan, the lender may be able to assist you in transferring the loan to the new party. Keep in mind that the lender is fully within their rights to refuse the transfer, especially if the new owner doesn't meet their lending criteria. 

Car title transfers are simple and straightforward when you have Guillory’s Title & Notary Service in your corner. These notary specialists approach each client with over 15 years of experience. In addition to title transfers, they also provide customers in Ville Platte, LA, with notary services like state bonding and driver's license renewal. Visit the website to learn more about their services or call (337) 224-0658 to schedule an appointment today.