Principal Car Dealership is a second-hand car agency in Kunming, and today we are going to talk about a headache for many people - car ownership. I believe that many friends will encounter this cumbersome process when buying a second-hand car or need to transfer the vehicle to others. So, how can you easily get the car ownership transfer?Next, let me reveal the whole process of car ownership transfer for you, so that you can say goodbye to the cumbersome and do it in one step!
First of all, we need to understand what a car transfer is. In simple terms, a car transfer is the process of transferring ownership of a vehicle from one person or company to another. This process requires a series of procedures to follow certain laws and regulations. So, what is the specific process of car ownership?Let's take a look!
1.Prepare the relevant documents.
Before proceeding with the transfer of ownership of the car, we need to prepare some necessary documents. These documents include: vehicle registration certificate, driving license, proof of identity of both parties (if it is a company, a business license, a copy of the above documents, etc.). Ensure that all documents are in order to carry out the subsequent transfer procedures smoothly.
2.Sign a contract of sale and purchase.
After preparing the relevant documents, the buyer and seller need to sign a sales contract. This contract should include basic information about the vehicle, the transaction**, the time of the transaction, etc. After the contract is signed, both parties keep one copy as proof.
3.Handle the transfer of ownership of the vehicle.
With the sales contract and relevant documents, we can go to the DMV to go through the procedures for the transfer of ownership of the vehicle. First of all, we need to fill out a "Motor Vehicle Registration Application Form" and submit the relevant documents. Then, after the external inspection, the DMV will review the submitted documents. After the review is passed, the DMV will apply for a new driving license and vehicle registration certificate for the new owner. At this point, the car transfer procedures have basically been completed.
4.Pay the relevant fees.
The situation of the name varies from region to region, and we also need to pay some related fees in the process of going through the car transfer procedures. These fees include: vehicle transaction fees, miscellaneous fees (license plates, extensions, etc.), vehicle production costs, etc. The specific cost depends on the type and displacement of the vehicle, so you can find out in advance.
5.Handle the transfer of insurance.
After the transfer of ownership of the car, we also need to go through the insurance transfer procedures. This step needs to be done at the place where the insurance was purchased. We need to provide the new owner's identification, acceptance certificate, driving license, vehicle registration certificate and other documents, as well as the original owner's insurance policy. After the insurance company approves the approval, it will apply for an additional approval for the new owner to complete the entire transfer process of the vehicle.