Car Title Buyer and Seller Responsibilities: A Complete Guide
Car Title Buyer and Seller Responsibilities: A Complete Guide When buying or selling a car, handling the vehicle title correctly is not just a formality—it's a legal necessity. Understanding the car title transfer process and the specific responsibilities of both the buyer and seller helps prevent future liabilities, ensures compliance with local laws, and provides peace of mind. In this comprehensive guide, we outline every essential detail surrounding car title responsibilities in vehicle transactions. What Is a Car Title? A car title is a legal document issued by the Department of Motor Vehicles (DMV) or a relevant state agency that proves ownership of a vehicle. It includes vital details such as: Vehicle Identification Number (VIN) Make and model Year of manufacture Current owner’s information Lienholder details, if applicable Without a correctly executed title transfer , the vehicle legally remains the property of the prior owner, potentially creating legal and financial is...