![]() ![]() ![]() Visit your local MVA office or title and tag agent with the title and above documents, as well as: If a notarized Bill of Sale is not completed and the sale price is within $500 of the book value, MVA will use the price on the title to calculate the excise tax.You wish to base the excise tax (6% of the vehicle's value) on the sale price rather than the book value of the vehicle.Make sure the seller properly records the odometer reading on the title or in a separate Odometer Disclosure Statement (Form VR-197)Complete a Bill of Sale with the seller.Both you and the seller complete, sign, and date the title in the Assignment of Ownership section.If possible, the seller should accompany you to the MVA office or title and tag agent. You must register your vehicle and get license plates before driving it. Research the value of your trade-in before going to the dealership. Read all paperwork carefully, and do not sign anything that you do not understand. Your license plates from the trade-in vehicle if you wish to transfer them.(You may need to get a duplicate from the Motor Vehicle Administration if yours has been lost or damaged). To trade in your prior vehicle toward the purchase of a new car, you will need: You will be responsible for obtaining adequate insurance before hitting the road. If you buy a new car at a dealership, the dealer will handle the car title transfer. Only do this after you have surrendered the plates and obtained a receipt from the MVA.īuying a Vehicle in Maryland New Vehicles Cancel the car insurance on the sold vehicle.Before you cancel the insurance, surrender the license plates to the Motor Vehicle Administration or transfer them to another vehicle.Give the title and the Notice of Security Filing to the buyer so he can complete the vehicle title transfer with the Motor Vehicle Administration.See the Removing a Lien section below for more information. If there were liens on the vehicle, you must provide the buyer with the Notice of Security Interest Filing (Form VR-217) showing that the loans have been paid off.If a notarized Bill of Sale (Form VR-181) is not completed and the sale price is within $500 of the book value, MVA will use the price on the title.The buyer of the vehicle wishes to base the excise tax (6% of the vehicle's value) on the sale price rather than the book value of the vehicle.Call MVA Customer Service at (410) 768-7000 to verify the vehicle's value. The sales price is at least $500 less than the vehicle's value in the National Publication of Used Car Values.You must have the Bill of Sale (Form VR-181) notarized if: ![]() If the title doesn't include a space for the odometer reading, complete an Odometer Disclosure Statement (Form VR-197)Complete a Bill of Sale (Form VR-181) with the buyer.Both you and the buyer must complete, sign, and date the title.When you and the buyer are ready to complete the MVA title transfer: Make sure to record the odometer reading and the sales price. In the “Assignment of Ownership" section on the back of the title, the former owner must sign and date the title as the seller, and the new owner signs and dates the title as the buyer. If your title has been lost or damaged, you must get a duplicate before you can do the title transfer. The following situations require title transfers: The Motor Vehicle Administration MVA doesn't require the title transfer to occur within a certain time period, but if you are moving to Maryland from another state, you must register your vehicle within 60 days. When the vehicle's ownership―or any names on the title―changes, a title transfer must take place. It may include the names of other owners, as well as any current lienholders. The title is the legal document that proves you own your vehicle. This article details how to update your MD title when a car transfers ownership in Maryland, when you pay off your car loan, or when you change your name. Your Maryland car title proves that you own your vehicle, and it must show accurate information. ![]()
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