How to Transfer a Car Title in Indiana
Deciding to perform a title transfer in Indiana can be a big commitment, but it is also a process that many residents take advantage of to be legal vehicle owners. A car ...
An Indiana car title transfer is a procedure that vehicle owners need to perform when selling and purchasing a motor vehicle. In general, a certificate of title is a legal document that serves as proof of ownership of a car. ... Read More
Therefore, vehicle owners need to have a title certificate in their possession when transferring the car’s ownership rights between them and another legal party. Motorists who are wondering how to transfer a car title in IN need to perform a procedure through the Indiana Bureau of Motor Vehicles (BMV). Moreover, vehicle owners must satisfy certain title transfer requirements and prepare a list of documents in order to successfully perform this procedure.
An auto title transfer procedure is most often required when motorists are selling or purchasing a motor vehicle. In addition, a transfer of car title may be required when a car is received as a gift or as a result of the passing of a relative. Regardless of the reason for a transfer of title, vehicle owners need to perform such procedure through the Bureau of Motor Vehicles. Indiana motorists who want to perform a successful vehicle title transfer must submit a title certificate to the BMV in order to prove that the ownership rights have been transferred in their name. In addition to the title certificate, vehicle owners need to satisfy certain requirements and prepare the following documents:
As the ultimate requirement for performing a transfer, motorists need to provide an acceptable payment method in order to pay off the require title transfer cost. This cost is predetermined and must be paid in order to finalize the vehicle transfer procedure. In addition, motorists who are transferring a car title to another legal entity may be required to pay a sales tax of seven percent upon the purchase of the motor vehicle.
The title transfer requirements and documentation may vary depending on amotorist’s specific situation. For example, when inheriting a vehicle, you may have to undergo additional steps. Therefore, prior to performing a process of transferring a vehicle title from one legal entity to another, applicants should be certain that they are aware of all of the requirements established by the BMV.