Can a newly purchased car be transferred the next day?
2 Answers
Yes. Below is additional information: For a newly registered vehicle: As long as the vehicle's documentation is complete, there is no mortgage or pledge, and all traffic violations and accidents have been resolved, the vehicle can be transferred at any time. Both parties involved and the vehicle must be present at the local DMV (Department of Motor Vehicles) where the vehicle is registered to apply for the transfer. After verifying that the actual condition of the vehicle matches the registered information, the DMV will cancel the original license plate and registration certificate, and issue new ones to the transferee. The vehicle must have complete documentation, with all traffic violations and accidents resolved. Both parties must present their original ID cards, and if either party is from a different region, they must also present a local residence permit.
I also thought about this when buying a car before. Technically, it's possible to transfer ownership right after getting a new car - you'd need to go to the DMV to complete the transfer procedures, pay the purchase tax, and update the registration. However, there are issues: 1. Transferring too quickly causes a steep price drop. The dealer initially charged you full price for a new car, but once transferred, it becomes second-hand, and buyers will haggle aggressively. A friend of mine lost a lot of money doing this. 2. Tax-wise, you may have already paid purchase tax once, but now need to repay or partially repay it during transfer, wasting thousands. 3. I'd suggest waiting at least a month before processing to let things stabilize; if urgently gifting or for emergencies, better clarify local DMV requirements to avoid missing documents. Getting this done properly saves headaches.
