Can You Transfer a Car Title Online? What You Need to Know
Download MP3All right, so here it goes again: some more great news from the vehicle title industry. It's kind of a snowball effect; the dominoes are falling, and more and more states are going to electronic title transfers. As you know, we're one of the founding members of the eART Coalition, a group of companies promoting electronic titles. Some of the partners in that group are DocuSign, CarMax, and Carvana—companies and industries that have a vested interest in getting vehicle titles into the modern era rather than sticking with old-school paperwork and documents with ink.
So, here's another state where vehicle title transfers are now available online—not just titles, but you can actually transfer it online. How does this work? In Michigan, residents can now transfer a vehicle title online through a website. To transfer a vehicle online, both the buyer and seller must have a valid Michigan license. There are a few requirements: the vehicle must have a paper title, it must be a car, minivan, truck, camping vehicle, or ATV, and it must be between one individual seller and one individual buyer (it can’t be companies or co-owners). The vehicle also cannot be financed. Eligibility checks will be performed throughout the transaction, and you can transfer it online.
More and more states are going to do this. We expect that within the next 12 to 18 months, many states will have vehicle title transfers electronically, which is how everything else is done nowadays. You can buy a house online now; you can do everything electronically. The government, though, has been dragging its feet on electronic titles. It’s something we’ve been promoting for years, and it’s now starting to come to fruition. Be glad you’re not going to have to deal with old-school paper titles pretty soon. For the moment, you probably still do, but hope is coming, and you’ll be able to deal with the DMV in the same way you do everything else soon.
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