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Friday, January 25, 2013

How to Remove a Name From the Title of a Financed Vehicle in Florida

The title of a car is proof of ownership. More than one person can be listed on the title. If you wish to remove someone from a Florida title, whether that person is yourself or a joint owner, you will need to first obtain the title from the financial institution that granted you the car loan. After you receive the title, anyone who wishes to remove themselves from the title can do so with a quick signature and a check-in at the local tax collector's office.

Instructions

    1

    Satisfy the lien. When the car is used as collateral for a car loan, the lender owns the car and thus the title until you pay off the loan. Once you pay off the loan, the lender will send you the title. If you financed the car with an unsecured loan, you received the title when you bought the car.

    2

    Turn over the title so that the "Seller" and "Buyer" locations are visible.

    3

    Look at whether the word "And" or "Or" appears between the names on the title. Everyone who is listed must sign on the "Seller Signature" line if "And" appears between the names. If "Or" appears, your signature will suffice if you want to remove only yourself from the title. Everyone else who wishes to delete their name from the title must also sign.

    4

    Write down the odometer reading in the applicable box. Write "Gift" in the "Price" section.

    5

    Ask the new title holder to sign his name on the "Buyer Signature" line. If that is you, then you would sign your name.

    6

    Print out the Florida Title Application (see Resources). Whoever is to appear on the title must fill out the application.

    7

    Visit the Florida Highway Safety and Motor Vehicles office finder website (see Resources). Select your county. Visit the nearest tax collector's office. Submit the original title and title application.

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