Tuesday, February 24, 2009

How to Quit a Claim on a Joint Purchase Automobile

Buying a car with another person results in a joint purchase. Both parties sign the car title and have ownership of the vehicle. But if situations change, and you want to remove your name from the car title and give up ownership, you can quit a claim and transfer complete ownership to the other person.

Instructions

    1

    Talk to the other party about removing your name. Situations vary, and in some instances, you don't need permission from the other owner to take your name off the title. Review the title first, and if the title reads "and/or" between both names you can remove the name without the other person's consent. On the other hand, if the titles includes "and" between both names, both parties must agree to the removal.

    2

    Sign the back of the title to transfer ownership. The recipient also signs the document to complete the transfer.

    3

    Submit the title to the Department of Motor Vehicles to finalize the transfer. The DMV will update the vehicle's information in its system and then create a new title and tags for the car. To avoid mistakes when filing the sections of the original title, you can complete signing of the title at the DMV in front of a representative.

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