Transfer ownership and acceptable proofs of ownership. To transfer ownership of the vehicle to another person, the spouse or guardian must complete an. (MV-349.1) to transfer the ownership. A copy of Letters of Testamentary, Letters of Administration, or Voluntary Administrator’s affidavit from the Surrogate Court MUST be submitted.

1. Transfer Of Ownership Vehicle Letter
2. Business Transfer Of Ownership Letter

State the date of the sale and the purchase price. Describe the method of payment for the purchase—cash, personal check, cashier’s check, money order, etc.^[4]

Transfer Of Ownership Vehicle Letter

For example, “The date of sale is March 14, 2011. Buyer agrees to pay to Seller the purchase price of $500 to be paid in cash.”

Business Transfer Of Ownership Letter

• Though not recommended, you can also stipulate an agreed to payment plan. For example, the buyer might pay $250/month for sixteen months. Only agree to a payment plan if you know the person to whom you are selling the car. A common fraud scheme is for someone to give an initial payment, then take the vehicle and disappear.
• If you do agree to a payment plan, be sure that you hold the car’s title until the payments have all been made in full. After all payments are complete, you can send the title to the new owner via certified mail.
• State whether the purchase price is inclusive of sales taxes. In some states, you must charge sales tax. You can state in the contract that your purchase price includes this sales tax (“inclusive of all sales taxes”), or decide that sales tax is additional to the price (“exclusive of all sales taxes”).