Can You Get a Car Title with Just a Bill of Sale?
Yes, to get a title with your bill of sale first obtain a surety bond to confirm there are no liens on the car. Once you have a surety bond, you can obtain a bonded title from the secretary of state.
If you have just purchased a car, you may be wondering “can you get a car title with just a bill of sale?” TFC Title Loans, obviously, isn’t the DMV so we aren’t exactly related to this question. Nonetheless we believe we have a duty to our all of our past, present, and potential clients to financially educate, equip, and empower them so that they might be able to build a brighter financial future for themselves and their loved ones. This is the reason we seek to answer questions even if they aren’t directly related with our business; because we care deeply about our customers.
As the oldest title loan lender in California, we have been able to stick around for so long because of our willingness to go above and beyond for our customers. Since we opened our doors in 1994, we have further decided that we ought to go the extra mile to educate, empower, and equip those who aren’t presently, or may even never, be our customers. We have been actively expanding our website to include informative resource pages covering questions and topics from the buying/selling of cars to financial planning. In this informational article, we will be explaining to you what a bill of sale is, how to get one, and how to use that bill of sale to get a title for your car.
Our second-to-none customer service has drawn thousands of consumers to our doors to obtain title loans. We value consumer education very highly so if you need more information on this topic, then please continue reading. However, if you stumbled across this page because you are interested in receiving a title loan from us, then fill out the online application today! The process is simple, quick, and easy.
Bill of Sale
A bill of sale is always an important item to have, especially when you are have bought a vehicle from a private party. The bill of sale is necessary for the buyer’s and seller’s records. A bill of sale is basically proof that you legally bought the vehicle. It acts as a kind of contract to transfer ownership of the car to you. Your local DMV should carry bill of sale forms that you can use while some states also accept generic bill of sale forms. Regardless, these are the facts that every bill of sale usually calls for:
- Selling price of the car.
- Vehicle Identification Number.
- Vehicle’s license plate number.
- Date and location of transaction.
- Names, addresses, and signatures of both the buyer and the seller.
Buy a Surety Bond
If you have your bill of sale, then take that and a few other necessary identification documents to the DMV. They will then be sending you a letter shortly to inform you of the cost of the surety bond that you need to buy from an approved insurance provider in order to obtain a bonded title. Buying a surety bond, confirms that the vehicle is free and clear of all liens or any other issues with the car. Once you are able to confirm this by buying the surety bond you will be able to be listed as the new owner.
Obtain the Bonded Title
Once you are able to obtain the surety bond, you will have a certain amount of time to apply for a bonded title that would allow you to be named as the legal owner of the vehicle. Take your proof of bond and other necessary documents back to the DMV. A bonded title is provided to you by the secretary of state once they have reviewed your bond and your letter from the DMV. When you get the bonded title, you will then be free to do whatever you wish with the car: you can register it, buy car insurance, or even get a title loan on it.
We hope that you have found this resource article both educational and informative. However, if you have any leftover questions, we encourage you to give us a call today. We would love to answer any questions you might have. If you are interested in getting a title loan with us, then please fill out our online application or give us a call today. We would absolutely love to work with you!