A title transfer is the official process of transferring legal vehicle ownership through the state DMV. It involves signing the existing title, completing a bill of sale, paying applicable taxes and fees, and submitting documentation to obtain a new title in the buyer's name.
Title transfers are a core responsibility of the dealer's title department. Accuracy and timeliness matter: errors or delays create penalties, customer complaints, and lender funding holds. A well-run title operation tracks every transaction from purchase to completed title in the customer's name.