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Some states require a bill of sale when you transfer a car title. ... the buyer takes the signed title to the DMV to register the vehicle. With this document, the state then creates a new title ...
The lessor can do the title transfer paperwork on your behalf, but it may charge you a processing fee. The lease buyout title transfer process is similar to a private- or third-party vehicle purchase.
Vehicle titles are also used for car title loans, in which a car owner gives the vehicle lender their vehicle title as collateral in exchange for a loan. In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan.
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Plates are currently issued by the Arizona Department of Transportation (ADOT) through its Motor Vehicle Division (MVD). Only rear plates have been required since 1989. In Arizona, the license plate belongs to the vehicle owner. This allows for the transfer of a plate from one vehicle to another. [1]
The Motor Vehicle Division (MVD) is responsible for driver licensing and vehicle registration. It has 1600 employees and an annual operating budget of $72 million. Currently it is headed by ADOT Assistant Director Eric Jorgensen. [1] As of FY 2023, the MVD has 7,969,576 license plates registered with the department. [5]