Is your car a gift from your parents? Or maybe you’re planning on selling the one you have to purchase a new one. Whatever the reason, there are instances when a car’s title has to be transferred from one person to another. This has to be done properly to make the ownership legal and ensure you can apply for car finance Abbotsford Alberta.
How to Transfer a Car’s Title
- Basic Transfer: It’s very easy to transfer a car’s title when you own the vehicle outright. You simply fill up and sign a title certificate and the prospective owner will bring it to their local DMV. The steps for completing the transfer vary per state but it’s a straightforward and quick process.
- Lost Title: A car’s title is an important document. Vehicle owners must keep it safe but accessible. If it gets lost, you should report the incident immediately to the DMV. You have to request a duplicate copy before you sell or give away the vehicle.
- Transfer with Existing Loan: It’s also possible to transfer a car’s ownership even if there’s an existing lien. Maybe the owner is still paying for the car or it’s being used as collateral for a refinance car loan. Ask the lending company about your options. Some lenders might require that the loan be paid off in full or at a certain percentage.
Faster Than the Competition
Taking out a loan is simple with Canada Car Cash. The company specializes in title loans and offers more money than other lenders. Their interest rates are 70% lower and they have affordable monthly payments. You can get approved in minutes and receive the cash you need within the day. You can call their toll-free number at 1-844-598-7631 or sign up on their website to apply.
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