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American state-issued registration certificate from 1917. A vehicle registration certificate is an official document providing proof of registration of a vehicle. It is used primarily by governments as a means of ensuring that all road vehicles are on the national vehicle register, but is also used as a form of law enforcement and to facilitate change of ownership when buying and selling a ...
In-state vehicle sales are recorded at the back of the title as long as there are unused reassignment boxes. If a vehicle is sold out-of-state, the new owner must apply for a new title at their local DMV office. [14] In Spain a second-hand vehicle ownership transfer is done at the DGT office or Tráfico as it's known locally. Transfer tax must ...
Ownership of a vehicle is evidenced by a certificate of title issued by the DMV. [10] The certificate is known as a "pink slip" after the color of the piece of paper that was issued to owners, until a 1988 change in the document. [10]
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. Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...
A roadworthy vehicle is considered to be roadworthy until it changes hands. A vehicle purchaser is required to register the change-of-ownership of a vehicle. The new owner must present a Roadworthy Certificate (CoR) in order to receive a new license (disk) for the vehicle. A new license plate number is also issued at that time.
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