When a car loan is paid off, the lienholder typically sends a lien release that allows the owner to apply for a title transfer into their name only. Vehicles with liens, or a collateral safeguard by a loan company, are more complex to sell. Buyers provide their driver’s license number when they sign the old title and use the old title to register the vehicle and pick up new license plates. Plates may not be transferred to another owner. Sellers in New Jersey keep their license plates to transfer to another vehicle. The New Jersey Motor Vehicle Commission has an “Application for Certificate of Ownership” form that must be completed for title transfers. Sellers and buyers complete the information on the back of the title, including the sales price (which will be used for calculating sales tax), odometer reading (which may be exempted for older vehicles), address, and other information. Title transfers should be done in person at the New Jersey Motor Vehicle Commission, usually with both the buyer and seller present. Having all the materials ready to go will save you time and money. Once you have the title in hand and are ready to transfer your vehicle to another owner, there are a few steps to take and some required documentation. Fines may be levied against anyone who knowingly seeks a duplicate while holding the original car title to protect legal owners of vehicles in New Jersey. If the replacement title has a lien attached, the title is sent to the lienholder.ĭamaged titles may also be replaced for a fee applicants need to write down how the title was damaged and provide information, including name and address, vehicle information, and the damaged title. Replacement titles carry an additional fee. The New Jersey Motor Vehicle Commission has an “Application for Duplicate Certificate of Ownership” form for this situation, but more paperwork may be needed if you don’t have proof of ownership. Missing, stolen, or damaged titles are replaceable with proper documentation submitted in-person or through the mail.Īpplicants for replacement titles will need their current registration and proof of insurance. What Happens if I Can’t Find the Title?Ĭar titles, like other paperwork, can be easy to misplace over the years. Pre-owned cars require the out-of-state title or former registration, as well as the VIN, in addition to the mileage, your proof of insurance, and your driver’s license. New cars require the Manufacturer’s Certificate of Ownership. A New Jersey resident can title the vehicle by showing proof of ownership. If you purchase a car from out of state, the process is similar for pre-owned and new vehicles, but more information is needed. Lienholders hold the original title until the loan is paid. Dealers also add the lienholder to the title using the lienholder’s address and Entity Identification Number (EIN) to title the vehicle in the lienholder’s name. New Jersey State Auto Used Cars will handle the Manufacturer’s Certificate of Origin with proof of sales tax paid. New Jersey car dealers should handle the titling, taxes, and addition of the lienholder for titling new cars if there’s a loan for the vehicle. Required details include the sales price, odometer reading, and the seller’s name and address. Title transfers for pre-owned vehicles require the previous title with the previous owner’s signature and other title transfer information on the back of the title. Regardless of the title situation, having all necessary documentation is essential for properly titling a vehicle. The New Jersey Motor Vehicle Commission processes car title applications for various situations. Vehicle registration cards, often sent with new license plates or registration tabs, may be kept in the vehicle for proof of registration. Titles should always be kept in a secure place and not in the vehicle itself. Salvage titles are issued for vehicles that are totaled and later refurbished. Titles may also document information like vehicle weight, odometer reading, the license plate number, lienholder, the owner’s name and address, and purchase price. Titles have information like the vehicle identification number (VIN), manufacturer, model, and year of manufacture. They serve as a record of ownership and other key information during a car’s life span. Why Are Car Titles Important?Ĭar titles provide proof of ownership and list any liens or loans against the vehicle. A car title is a vital document issued by the New Jersey Motor Vehicle Commission (MVC) that legally proves ownership and must be transferred when a vehicle is new, sold, given to someone, or inherited.
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