If you want to sell or buy a used car, It is important that you know how much it costs to change a car name in South Dakota and what the requirements are. to carry out the transfer of title, which we will explain in detail in this article.
In South Dakota, Everything related to the transfer of vehicles is processed through the Department of Revenue (DOR) and County Treasures.
Both DOR and County Treasures are equivalent to the Department of Motor Vehicles (DMV) from other states, although driver's licenses in South Dakota are issued by the Department of Public Safety (DPS).
Name Change Costs in South Dakota
The fee to change ownership of a vehicle in South Dakota is $10. To this amount you have to add $10 for notations of liens if they exist.
It is mandatory that you make the transfer within 45 days of the purchase. If after this period you have not done so, DOR will charge you an additional $1 for each week you are late up to a maximum of $50.
As in other entities in the USA, the most significant cost of the transfer in South Dakota is the taxes. You must pay a 4.5% state tax on the sale price of the vehicle, to which you must add the county tax.
The county fee is 2% in almost all cases. The exceptions are Buffalo and Shannon, which have no liens, and Day County, specifically the city of Roslyn, where the 3% tax is charged.
According to these indicators, the most common rate to pay is 6.5%it is appropriate to highlight that South Dakota is one of the states where you pay the least in taxes for a car in the USA.
On the other hand, You are exempt if it is about changing the name of a car in South Dakota to transfer it between spouses, parents and children, or between siblingsalthough you must still pay the corresponding fee.
Keep reading: How much does it cost to change the name of a car in the United States?
Requirements to change vehicle ownership in South Dakota
Once detailed how much the DMV charges for change of ownership in South Dakota, we move on to list the requirements to transfer the vehicle to your name.
- Original title correctly completed and signed by the owner in the indicated section to transfer the title of the car.
- Sales invoice (Form MV-0860) with the information of the seller, the buyer and the car, including the price of the car, the date of the transaction and the Vehicle Identification Number (VIN).
- Application to request the transfer of the title indicating the pertinent data (Form MV-1001).
- Odometer reading if the car is nine years old or younger.
- Seller permission to circulate for 45 days, which is the maximum period to transfer the title. This authorization is printed through the MySDcars portal.
- Documents proving car liens and financing if applicable.
- Driver's license of any type issued in South Dakota.
- Sale information from the car to the DOR from the seller (Form MV-1024).
Keep reading: What happens when a car has a lot of miles?
How to pass a car into someone else's name in South Dakota?
If you are the seller, to transfer the name of your car to another person in South Dakota you must fill out and sign the car title correctly, report the sale to the DOR, and grant permission to the buyer so that he can circulate until he gets his degree.
Keep reading: I lost the car title. What do I do?
Can you change vehicle ownership online in South Dakota?
No, in the state of South Dakota, to change the ownership of the car you have to do it in person. You must go with the title assigned by the seller and the other collections to one of the County Treasurers offices, according to your county.
Continue reading: What does clear title mean?
What can I do with a car without a title in South Dakota?
In South Dakota you need the title and if you don't have it you will have to get a duplicate. But if you can't get the duplicate because the car is very old, or because it suffered a serious accident, The option is to sell your car without a title to a junkie. by notary.
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