We tell you all the details so that, once the purchase is made, you can promptly carry out the pertinent procedures, since There is a time limit to transfer the car title at the BMV (Bureau of Motor Vehicles).
The Maine BMV reports directly to the Department of the Secretary of State and It is the equivalent of the Department of Motor Vehicles (DMV), which in most states handles everything related to vehicles and licenses.
The BMV fee to change a car name in Maine is $33 and if you need the title urgently you must pay an additional $10. Property transfers between family members are exempt from fees (tarifas, in Spanish).
Additionally, a fee must be considered for the smog inspection.which is $15.50 if the car is a 1995 or earlier model and $18.50 if it is a 1996 or newer model.
Regarding the tax, in the 16 counties of the state of Maine 5.5% is charged on the sale price of the vehicle and taxes are not canceled in the event that the car is transferred between parents and children or spouses.
Keep reading: How much does it cost to change the name of a car in the United States?
Requirements to change vehicle ownership in Maine
Having explained how much the DMV charges for change of ownership in Maine, as well as what is related to taxes, Below we detail what the requirements are.
In the state of Maine, the buyer must transfer title within 30 days following the purchase according to the invoice date.
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How to pass a car into someone else's name in Maine?
To change ownership of a vehicle in Maine, the seller must correctly fill out and sign the title. The indicated section of the title must include all information about the buyer and seller, as well as the vehicle and the transaction.
Subsequently, The buyer must go to one of the BMV headquarters with all the documents, pay the fee as well as the car taxes and fill out the application. The title will be issued in approximately two weeks unless requested urgently.
Keep reading: What to do if a car does not have a title?
Who must pay for the transfer of a vehicle in Maine?
As in the rest of the states, all costs of the transfer in Maine are borne by the buyer. These expenses include the payment of fees to the BMV as well as the state tax on the sale price of the car and the cost of the smog inspection.