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Is there an outstanding loan for the purchase of the car and if yes, whose name is XXXXX XXXXX?
there is no loan
we bought it last year with our savings.
He will just write me a check for the payment
Hello again Pauline --
He must have the original title to the car -- you just turn it over and have both owners (you and him) sign it over to the new owner (him) and then he must turn it into the DMV where they will issue him a new title in his name. It is not very complicated at all when there is no loan involved (much more complicated with a loan in both names).
is there a fee associated to the new registration?
Yes, there is always a fee associated with getting a new title and registration -- less than $100 for both. You may have to sign a separate paper that states that it is an interfamily transfer to avoid any sales tax -- but that is about it.
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