Chapter 8, Section B:|
Dealer Transactions - Titling in Name of Dealer
Revised August 12, 2008
Dealer Titling in Name of the Dealership or
A dealer is not required to obtain title
in its own name before transferring title to a buyer.
- If the dealer wishes to title a
vehicle in the name of the dealership or its owner, the dealer must
pay all fees (excise tax, registration and title fee). A Title,
registration and license plate are issued. The dealer is also
required to affirm insurance.
Note: This will happen when a dealer plans to use the vehicle.
- If affirmation is
received from a used car dealer that the vehicle will remain in inventory, a title only
may be issued. No excise tax will be collected, and no registration and
plate will be issued.
Note: The purpose of this title-only transaction is normally to
obtain a clear title to the vehicle.