How Long Does It Take to Transfer Ownership of a Used Car?
1 Answers
Local ownership transfer can usually be completed on the same day as long as all required documents are in order. Duration for out-of-town used car ownership transfer: Transferring ownership of an out-of-town used car requires extracting the vehicle's major and minor files, which typically takes about 7 working days to complete. Before proceeding with an out-of-town transfer, it is advisable for the buyer to consult the local traffic management department regarding the vehicle relocation policy. The seller should also check the local regulations on vehicle relocation. Important notes for used car ownership transfer: When engaging in a used car transaction, remember not only to transfer the ownership but also the car insurance to avoid unnecessary complications in the future. The insurance transfer for a used car is essentially a post-transaction procedure, which involves changing the beneficiary and license plate number on the original insurance endorsement after completing the owner information update and obtaining the new vehicle license plate and registration certificate.