What You Need to Know About Transferring a Car Title in Chicago

by | Aug 26, 2021 | Financial Service

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If you do not have the car title in your name, there is nothing that proves that you own the vehicle. Obviously, when the ownership of a vehicle changes hands, the car title must be transferred to the new owner’s name. No matter if you are buying or selling a new car, you will need to find a location to do a car title transfer near Chicago.

You will also need a location to do a car title transfer near Chicago if you are giving your car to a family member as a gift or if you inherit a vehicle. There are a couple of things a person should know if they are looking to transfer a car title.

The buyer should know that the process of transferring the title is not difficult. The DMV system has streamlined the process. The buyer needs to make sure they have the completed title from the seller.

The title should include the VIN and odometer reading. It is required that you complete the application for the vehicle transaction. You will need to get the private party vehicle tax transaction form. You can get this form from your local Secretary of State office. You will need to pay a file transfer fee and any other fees that might be assessed at the time of the transfer.

Learn more about transferring car titles and see how West Suburban Currency Exchanges, Inc. strives to be the leader of retail financial services when you visit their website.

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