The fee applied by the Department of Motor Vehicles (DMV) for the change of ownership in New York is $50, to which we must add the car inspection at the DMV NY, which is around $10. On the other hand, the tax paid in New York is 4%, and that of the counties is between 0.7% and 3.5%.
Changing vehicle ownership in New York costs $50. In addition to this title transfer fee charged by the DMV, You should consider a car inspection in New York, which costs about $10.
On the other hand, the tax paid in New York for the purchase of a car is 4%, and that of the counties is between 0.7% and 3.5%.
Keep reading: How much do you pay in taxes for a car in the USA?
Requirements to change vehicle ownership in New York
After reviewing How much does the DMV charge for changing vehicle ownership in New York?, as well as what taxes applybelow we describe the requirements to transfer a car title.
- New York car title correctly completed and signed by the buyer in the appropriate section
- Transaction Statement (Form DTF-802)
- Inspection certificate
- Proof of car insurance
- Odometer disclosure statement indicating vehicle miles
- Application for Certificate of Title (Form MV-82)
- New York Driver's License
- Purchase invoice indicating make, model and year of the vehicle, sale price of the car, date of the transaction and VIN (Vehicle Identification Number)
- Proof of residency
- Release of liens if the car was purchased on credit
- Approval of car financing if the acquisition is through a loan
- Payment of corresponding fees and taxes
- Plates of the previous vehicle or, failing that, request for new plates
An important point to highlight is that the New York DMV does not issues titles for vehicle models corresponding to the year 1972 or prior to this date.
Keep reading: How much does it cost to change the name of a car in the United States?
Who pays the costs of transferring a car?
The cost of transferring a vehicle in New York is the responsibility of the buyer. All expenses involve the fee charged by the DMV, state and local taxes, transfer or new license plates, inspection and Car insurance.
How much does it cost to register a car in New York?
The cost of registering a car in New York State is around $32.50 for six-cylinder vehicles.. When it's the first time, you have to add $50 for the title certificate and $25 for the plates. Here you can calculate the cost by county.
How long do I have to transfer a vehicle?
The transfer of the vehicle is carried out together with the registration. In NY This procedure can be done within 180 days following the date on which the car insurance comes into effect.. It is important to comply with this period, since driving without registration is punishable by law.