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When you sell or transfer your vehicle or vessel to another party, you are required to submit a Notice of Transfer and Release of Liability (NRL). This notifies DMV that ownership of the vehicle has changed and protects you from liability for parking violations, traffic violations, and civil litigation involving the vehicle.
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If you purchase a vehicle from another person instead of a dealer, it is known as a private party purchase. Buyers have 10 days after purchasing the vehicle to transfer ownership from the seller to themselves, and sellers have 5 days after the sale to report the transfer of ownership to DMV.
Sold your vehicle? Completing a Notice of Transfer and Release of Liability (NRL) lets DMV know that you are no longer responsible for parking/traffic violations or civil or criminal actions associated with the vehicle after the date of sale.
Paperwork Required to Sell Your Vehicle in California. The California Department of Motor Vehicles (DMV) has several rules and regulations you must follow when selling your car. There's a lot to keep track of, so review this short summary before beginning the process.
18 Ιουν 2024 · Part 1. Gathering What You Need. Download Article. 1. Get the official DMV transfer forms. When a car changes ownership in California (whether by being sold or by being inherited, given as a gift, etc.), the DMV considers this a "transfer." The DMV uses certain forms to document transfers.
If you purchase from a dealership, they will take care of this. But if you bought the car from a private party, you will need to apply for a title in your name by going in person to a DMV office with the following: California Certificate of Title OR Application for Duplicate Title (REG 227), signed by the buyer, seller, and lienholder (if any)
21 Ιουλ 2023 · Learn about selling a vehicle with a loan to a private party or dealership. When the bank, credit union, or finance company holds the title as funders of the loan, they are part owners of the car until it’s paid off. That begs the question: How can you sell a car if you don’t hold the title?
