Step 6 – Transfer ownership and deliver vehicle
- Buyer and Seller meet at dealership to sign the Loan Transfer documents and disburse down payment or cash incentive (if applicable). The dealership may or may not assist with collecting sales tax and vehicle licensing.
Buyer and Seller meet at the local vehicle licensing office to transfer ownership of the vehicle and pay any additional fees.
Buyer affixes new plates to the vehicle to close the deal
Note: Even though the financing for the vehicle may be complete, the vehicle remains registered in the seller’s name until the transfer has been completed by the licensing office.