What is the process for transferring vehicle ownership?

Transferring vehicle ownership in Missouri involves several steps to ensure a smooth and legal transition of the title from the seller to the buyer. First, the seller must complete the assignment of title on the back of the vehicle title. This includes filling out necessary information such as the purchase price, date of sale, and the buyer's information. Both the seller and the buyer must sign the title to validate the transfer. Next, if there is a lien on the title, the seller must ensure that the lien is released. If the title is lost or damaged, the seller may need to apply for a duplicate title through the Missouri Department of Revenue. Once the title is signed and any liens are cleared, the buyer is responsible for obtaining insurance for the vehicle. The buyer must then visit a local Missouri Department of Motor Vehicles office to apply for a new title in their name. At the DMV, the buyer will need to present the signed title, proof of identity, proof of residency, and any other required documentation. Additionally, sales tax must be paid based on the purchase price. It is advisable for both parties to keep a copy of the signed title transfer for their records. For more information on specifics such as forms and current fees, the Missouri Department of Revenue's website provides valuable resources that can be helpful during the process.