Important Guidelines For Title And Registration Services NY

When you spot a nice vehicle and wants to buy it, you must follow a certain procedure for you to be on the right side of the law. Similarly, when getting one through inheritance or as a gift, you need to follow the right channel of ownership transfer. The paragraphs below will be providing some important tips for title and registration services NY.

Always ensure that you get a title whenever you buy a car. This document has to be dully signed in your name and capturing all the necessary details concerning the vehicle. Do not be lured to pay for a car without this document. Normally it may be held by another party like a lien holder, and thus you should know all details. Some may be hiding some details like brand and designation.

Whenever you leave your place and change to another residence always makes sure you inform the relevant authorities to channel necessary notifications to the new address. This is because if you fail to do that, you are likely to miss important alerts that may end up costing you in future. For instance, if you fail to get a reminder of driving license renewal, you may forget and get penalized.

In case you want to sell a vehicle yourself. Make sure you offer the title. Avoid holding because it is a crime and may lead you to serious court suits that may impose heavy fines and even imprisonment. Never acquire a car and resell without a title in your name unless you have a license of a dealer. This is a serious crime and may land you in serious trouble.

It is very important to file a release of liability because you want to transfer ownership of the car to another person. This is very significant since it will protect you from liabilities that may arise in the hands of the new person. It is possible for accidents to occur and other related violations such as towing and parking charges and all this may be imposed on you if the process is not complete.

When you sell your car, retain the license plates with you and keep them since you can reuse them shortly. It is also good to note that improper signing may render the whole process invalid. All signatures should be consistent as well as the names of all parties involved in that particular transactions. There should be no any form of forgery or such related ambiguities.

It is also important to make sure that you state the correct amount paid by the buyer in the bill of sale and title. Do not quote incorrect figure or a false one. This may land you in trouble when the officers do their research and realize you overcharged against the market value. Likewise, make sure you do not file any false statement as that may lead to legal actions taken against you.

During the process of transfer of ownership of the vehicle, make sure you bring the proper identification and original documents. Provide full names that should appear in the title and registrations. These should be your correct names and your taxpayer identification number and other related personal details. If jointly owned, the other party must also comply.