This form is a bill of sale of an automobile. The seller(s) guarantees that the automobile is his/her/their property and is free of all claims and offsets of any kind. The bill of sale also states that the automobile is sold "as-is" without any warranties, express or implied. A separate Odometer Disclosure Statement is included with the bill of sale.
Titulo De Carro Nj For Sale
Category:
State:
New Jersey
Control #:
NJ-00431B
Format:
Word;
Rich Text
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Description
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How to fill out New Jersey Bill Of Sale Of Automobile And Odometer Statement For As-Is Sale?
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FAQ
?Gift taxes would not need to be paid until the exclusion of $12.92 million is exceeded,? she said. ?If the fair market vehicle of your car is $22,000, you may need to file the gift tax return for the additional $5,000. In essence, selling the car for $1, given its value, would also be considered a gift.?
Once your car loan is completely paid off, obtain a car title lien release from your lender so your state BMV or DMV can put the car title in your name. The lien removal process varies by state and typically involves completing paperwork and paying a fee for the new car title.
Transfer of ownership Transfer of the title is $60 (or $85 with a lien).
Requesting the Re-Issuance of a Lien Free Title You must provide the New Jersey title endorsed with a lien or the New Jersey title with the lien satisfaction letter attached. The fee is $60.
If you need assistance, you may call the MVC's Abandoned Title Unit at 609-292-6500 ext. 5064 or submit an email to MVC.SpecialTitle@mvc.nj.gov. You may also call or email the MVC if you want a packet mailed to you.