In 1960, according to Infoplease, 74 million vehicles were on the road. In 2004, this had increased to 234 million vehicles. It therefore became necessary to keep track of them. State governments set up systems in which vehicle registration and title information is recorded. The title, according to the New Hampshire Division of Motor Vehicles, is "a secure document issued by the DMV which represents ownership of a motor vehicle." The information can be useful when a vehicle is stolen or for deciding ownership disputes. While vehicle title laws vary from state to state, some details are the same.
Which Vehicles
Every car on the road that is 15 years old or younger must have a title. This also applies to trailers that are 15 or younger and have a gross vehicle weight of 3001 lbs. or more. Truck-tractors and trucks that have a gross vehicle weight of 18,001 lbs. or more must have titles for the life of the vehicle.
Acquire Title
The city or town clerk can help you obtain a title. However, you must prove ownership in a written statement or bill of sale by the former owner if it is a private sale, or in paperwork generated by a dealership if you sell through a dealership.
Transfer Ownership
You can transfer the ownership of a vehicle's title by turning over the title and filling in the form on the other side, providing the new owner's name and address and the vehicle's odometer reading. Ask for the signature of the buyer, and add your own. At this point you can hand over the title to the vehicle's new owner.
0 comments:
Post a Comment