Filing change of ownership for a car is a legal responsibility, but it’s one that is quite simple. We’re going to walk you through the process, so that you know exactly what you’re doing!
Why File Change of Ownership?
Firstly, you have to file change of ownership because it’s the law. Why? So that the authorities know exactly who a car belongs to. If there is a crime committed with a car, for example, the authorities will want to trace the owner. However, you will also need the correct vehicle registration so that you can do other things, such as apply for car insurance. The process of change of ownership depends on whether you want to buy a car (and that means buying a used car or buying a new vehicle), or whether you’re selling a car.
Change of Ownership: The Seller
If you are selling the car then there are only two things that you need to do to change ownership. You’ll need to go to your local licensing authority (taking your ID with you), and file an NCO form (Notification of Change of Ownership/Sale of Motor Vehicle). To save time, you can print this form online and fill it out before you get to the office.
Your only other responsibility is to hand over the car’s registration certificate to the person that you have sold the car to. Your part in the change of ownership proceedings is now over.
Change of Ownership: The Buyer
If you are a buyer then you will need to wait for the seller to complete his part of the change of ownership procedure and get the registration certificate for the car. Then you must go to your local registering office (with your ID and the car’s registration certificate). Here you will give the office the registration certificate, and you’ll need to fill in an RLV form (Application for Registration and Licencing of Motor Vehicle). Again, you can print that form online and fill it out before going to the office to save a little time.
Time and Change of Ownership
For the seller there is no time limit, since the vehicle is not considered sold until the buyer holds the certificate of registration. But once the buyer has the registration certificate he must go to the licensing office no later than 21 days after receiving it.
The application will be processed the same day, as you wait. As for how long it will take you at the registering office, that just depends on how busy the office is!
Proof of Sale
Be aware that in order to process change of ownership SOME registering authorities will ask for proof of sale. This is as simple as a bill or sales agreement. You’ll need to contact your local registering office and ask if they require this, and if they do and you don’t have a bill or agreement ask if they accept any other proof.
The Cost of Change of Ownership
Costs for the change of ownership process depend on the local registering authority, so again, you’re going to have to call for more information.
And that’s really all you need to know about change of ownership for a car. This is an important step to remember when buying a car or selling one, so don’t forget. Not only is this a legal requirement, but you can end up getting into trouble if you don’t change the ownership of a vehicle as soon as possible!
Main Subject: change of ownership
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