| Author |
Message |
    
tjohn
Citizen
Username: Tjohn
Post Number: 1593
Registered: 12-2001
| | Posted on Sunday, July 20, 2003 - 9:49 am: | 
|
When completing a private car sale, where can one go for the title transfer? Does it make any difference if the title is out of state? What documents should I have to effect the transfer (other than cashier's check from buyer) |
algebra2
Citizen
Username: Algebra2
Post Number: 1102
Registered: 5-2001
| | Posted on Sunday, July 20, 2003 - 4:52 pm: |
|
I was just looking into this ... look ont NJ's DMV site -- I'm pretty sure that there is a section regarding transferring out of state titles, I think to complete the transaction you just need the title signed by the seller and the sales tax form. The Sprinfield DMV does title transfers. |
Jackie Day
Citizen
Username: Zoesky1
Post Number: 43
Registered: 6-2003
| | Posted on Monday, July 21, 2003 - 11:45 am: |
|
I just went through this. First, have the seller fill out the back of the title with the sales price and sign it (tip: have him put in $1 and you won't pay sales tax to NJ when you go to actually transfer the title). You get a title change form at the DMV. Go in there with the signed-over title, the title change form, and it's relatively easy. I am trying to remember what the fee is, but it's pretty nominal -- unless, that is, you have to pay sales tax on the vehicle, which can be in the thousands of dollars, of course (that's why, if the seller is OK with it, it's nice to have him/her just fill in $1). If the vehicle is free, as mine was, you might need additional documentation, such as a divorce settlement agreement or whatever. |
1-2many
Citizen
Username: Wbg69
Post Number: 166
Registered: 6-2002
| | Posted on Monday, July 21, 2003 - 4:12 pm: |
|
the buyer must take the signed-over title to the DMV and get either permanent (for residents) or temporary (for non-residents) registration.
temporary registration is good for 20 days, and necessary because there must be tags on the car and you need to take yours off when you sign over title to the car (or be held responsible for whatever happens with your tags on it). Also, in that case, no sales tax will be collected by NJ, as it is assumed that it will be collected in the destination state. (No sales tax is collected if the purchase is from an immediate family member, either, FYI.)
the tip above re: $1 consideration is also, just FYI, fraud. NJ is pretty intense about fraud issues, so whenever I have bought a car here, much as I hate to pay the 6% sales tax, I report the correct sales amount. Additionally, if you ever had a fight about the car sale and had not filled in the correct transfer amount, it might hurt you. do your part for the state, and avoid a potential fraud problem (not just civilly but criminally), save yourself any risk and pay the sales tax.
|
woodstock
Citizen
Username: Woodstock
Post Number: 259
Registered: 9-2002
| | Posted on Monday, July 21, 2003 - 4:40 pm: |
|
Just to follow up with the $1 suggestion. NJ goes through past registrations, and even if you get away with it the first year, you'll likely get a bill for taxes on the estimated value of the car at some point.
The estimate is done by the state, and does not take into consideration the condition of the car. So if you bought a beater for $500, and if it was worth $5000 in mint condition, the state might send you a bill for the taxes on $5000, rather than $500.
Waiting For The Electrician, Or Someone Like Him
|
|
Closed: New threads not accepted on this page