As a car owner, you need proof that you in fact own your vehicle. This is exactly what a car title does. It is a legal document that serves as evidence and proof of ownership of a vehicle. In some states, a car title is referred to as a pink slip. Continue reading to learn some pertinent facts about Indiana car titles, including how to replace a lost or stolen car title, and what your options are for selling a car without one.
Source of Car Titles
Car titles are regulated and distributed by the Department of Motor Vehicles (DMV). You can visit a local branch of the Department of Motor Vehicles, also known as a Bureau of Motor Vehicles (BMV) when you need drivers’ license, registration, and car title services. There are dozens of locations in your city, so finding one is never a problem. Any major road-approved vehicle can be given a car title, including cars, trucks, SUV’s, vans, recreational vehicles, motorcycles, and even boats.
When a car owner decides to sell their vehicle, they must transfer the car title over to the buyer once the transaction has been completed. This is referred to as signing over a car title, or more formally, a car title transfer. If you wish to sell your car, but you do not have a car title, you could run into some delays. A private buyer who intends on operating the vehicle will want a valid car title. Car titles also make your car worth more, so having one is best if you plan to sell for a profit.
To replace a lost or stolen car title, you will have to get in touch with your local drivers’ license branch. There, you will receive all the instructions needed to complete the paperwork, requirements, and deadlines. There is usually a fee for this process, so be prepared to send in a check or money order when filing for a duplicate car title. See our blog, “How to Replace a Lost Car Title” to learn the steps for getting started.
Rebuilt and Reconstructed Car Titles
In the case that your vehicle has been deemed totaled by the insurance company, it will be given a new titled called a salvaged title. Now, in the case that you wish to pay to have the vehicle repaired back to a non-totaled, road-approved condition, the DMV would issue a rebuilt car title, also known as a reconstructed car title. If you have a totaled car that was not covered by insurance, you might not be able to afford repairs in such a major way. In this case, you could sell your junk vehicle to an automotive salvage yard, even without a car title. It is possible for junk car buyers to accept other forms of documentation to prove ownership of a vehicle, such as the registration, insurance policy, or lien.
Where to Sell a Totaled Car in Indiana
You can sell a totaled car in Indianapolis in as little as one day! Simply call 317-450-3721 and ask for Bill if you want the best deal for your junk car. As a family owned and operated company that has done business in Indiana since 1927, you can trust that we offer the fairest and most honest returns for junk cars and vehicles!