Any change of the registered owner or lienholder (legal owner) of a vehicle or vessel is considered to be a change in ownership that must be updated on the records at the Department of Motor Vehicles (DMV). The change is usually due to:
Sale or gift
Adding or deleting the name of an owner
Satisfaction of lien (full payment of car loan)
Transfer—Whenever there is a change of ownership, the DMV refers to the transaction as a “transfer.”
Seller—The person(s) and/or company shown as the registered owner on the Certificate of Title (and DMV’s records) is always referred to as the seller, even if the vehicle is a gift.
Buyer—The person(s) and/or company who is going to become the new registered owner is referred to as the buyer.
How Much Does It Cost?DMV Fees
Any fees will be determined when your application is submitted. Here are some possible fees that we can go over in our office:
Use Tax – Based on new registered owner’s city and county of residence
Replacement License Plate – Due if a license plate has been lost or stolen.