How to Perform a Title Transfer in Oklahoma
Completing a car title transfer in Oklahoma is a mandatory step when a vehicle ownership changes hands from the owner on record to a new owner. Title transfers for cars can be completed through any tag office of the Motor Vehicle Division (MVD) of the Oklahoma Tax Commission (OTC).
Note that, when meeting the OK title transfer requirements, vehicle owners will also be asked to obtain a new car registration in most cases. Get more information on how to fill out transfer of title forms and when to complete a vehicle title transfer in OK by reading the following sections.
What is a car title transfer in Oklahoma?
Prior to transferring a car title in Oklahoma, vehicle owners must familiarize themselves with the transfer of car title process to ensure they avoid any delays when they perform a title transfer. The OK title transfer for cars is a common transaction that results in the official transfer of ownership from one legal entity to another.
The principal document used to transfer a car title is the state-issued title certificate, which contains important information about the owner on record and the motor vehicle. Failure to finalize the transfer of vehicle title in OK will impede the issuance of a car registration for the newly-purchased vehicle.
When is a vehicle title transfer required in Oklahoma?
Auto owners must apply for title transfers for cars in Oklahoma on each occasion the possession of the vehicle is passed to a new owner, regardless of the nature of the ownership transfer. Therefore, apart from transferring a vehicle title after a private sale, you will also be required to request a transfer of your car title under different circumstances.
For example, if you have received the vehicle as a gift from a family member or by means of inheritance, you will be required to meet the corresponding OK title transfer requirements that apply to your circumstances.
Note: Vehicle owners must request a car title transfer within 30 days of the effective transfer of ownership, according to current law.
Information and Documents Necessary to Transfer a Title in Oklahoma
The state MVD will process a request for a title transfer for cars in Oklahoma only if the applicant meets the corresponding car title transfer requirements. Note that the criteria to transfer a vehicle title may vary to a certain degree depending on the circumstances surrounding the passing of ownership.
For instance, the documentation requirements for the standard OK title transfers for cars that must be completed after buying or selling a vehicle are outlined below:
- A properly signed-over and notarized title certificate containing data about the seller and the buyer, their official signatures, the sale price and the odometer statement
- A filled out Application for Oklahoma Certificate of Title for a Vehicle (Form 701-6), if required
- A bill of sale and an odometer disclosure statement (Form 729), if the title does not have separate sections for this purpose
- A lien release form, if applicable
- The current vehicle registration
- Proof of vehicle insurance coverage
Note: Sellers with lost or damaged titles can apply for a replacement title certificate by submitting the Application for Duplicate Certificate of Title (Form 701-7) by mail or in person.
In addition to the standard documentation to transfer a car title in OK, vehicle owners may be required to submit additional paperwork under certain unique circumstances. For example, if you are transferring a vehicle title after the death of the original owner, you may required to submit the decedent’s death certificate and certain testamentary letters issued by the state probate courts.
Steps for Performing a Transfer of Title in Oklahoma
To successfully finalize the Oklahoma title transfer for vehicles, car owners will be required to submit the necessary documentation and fee payment in person through a nearby tag agency.
In order to avoid any delays in the auto title transfer procedure, applicants must ensure they have collected all necessary items prior to making their office visit.
Tag agents process requests for OK title transfers for cars as soon as the submitted documents and cost payments are verified. The newly-issued title certificates are mailed to the applicant’s address on file from a centralized manufacturing location within several days.
Note: To avoid future liability for the sold vehicle, sellers can fill out the MVD Notice of Transfer of Ownership of a Vehicle (Form 773) and submit it to the division.
Getting a New Car Title Versus Title Transfers in Oklahoma
Vehicle owners need to order new car titles in Oklahoma after they discover the differences between applying for a title certificate and transferring a car title between two legal entities. The Oklahoma Tax Commission (OTC) issues a DMV new title to drivers who have recently bought a new vehicle or to new residents who have just moved from another state to OK.
Motorists may be required to apply for a new car title for certain types of motor vehicles. However, when purchasing a motor vehicle from a dealership, the dealer may apply for a new title for car in the name of the owner.
The process of getting a new car title in Oklahoma differs from the title transfer process. A title transfer procedure is required when the ownership rights are transferred from one person to another. In most cases, the title transfer must be completed when purchasing or selling a motor vehicle. However, motorists may also need to perform a title transfer in the following situations:
- When transferring ownership to a family member
- When gifting a motor vehicle
- When donating a motor vehicle
- When inheriting a motor vehicle
Car Title Transfer Fees in Oklahoma
An important step when transferring a vehicle title in Oklahoma is arranging payment for the applicable MVD fees. The base price for a standard title is $11 in Oklahoma.
Note that since you may also be required to register your vehicle during the vehicle title transfer procedure, you may have to pay the applicable registration fees as well, in addition to the standard titling fees. Therefore, the total cost of the OK transfer of car title process may include a base title transfer fee, the payments for the taxes and the registration and license plate costs.
Note that, depending on your circumstances, you may also be required to pay additional fees. For instance, if you are processing a lien when you transfer your vehicle title, you will have to pay an additional fee. If you are required to complete a vehicle identification number and an odometer reading inspection, on the other hand, you will be required to pay a fee.