What Is The Process For Transferring Vehicle Ownership In Yukon?
The Yukon Motor Vehicles Act governs the process of transferring vehicle ownership is governed by the Yukon Motor Vehicles Act. When ownership of a registered vehicle is transferred from the registered owner to another person, whether voluntarily or by operation of law, the vehicle's registration expires immediately, and the registered owner must remove the license plates from the vehicle.
The new owner must then register the vehicle in their name by providing the required documents and paying the applicable fees at a Yukon Motor Vehicles office.
How To Transfer Ownership Of A Car In Yukon.
To transfer ownership of a car in Yukon, follow these steps:
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The seller and buyer must complete, sign, and date a Bill of Sale, which includes the vehicle information, sale price, and both parties' names and addresses.
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The seller must provide the buyer with a copy of the vehicle registration certificate.
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The buyer must obtain valid insurance for the vehicle.
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The buyer must submit the following documents to a Yukon Motor Vehicles office:
- Signed and dated Bill of Sale
- Copy of the previous owner's registration
- Proof of valid insurance
- Pay the applicable transfer fees.
How To Complete The Bill Of Sale In Yukon.
When completing a Bill of Sale for a vehicle in Yukon, the seller and the buyer must provide accurate information and sign and date the document. The Bill of Sale should include:
Fill Out Vehicle Information:
- Vehicle Identification Number (VIN): Enter the unique VIN of the vehicle.
- Vehicle Details: Include make, model, year, body style, and vehicle color.
Enter Seller’s Information:
- Include the full name and address of the seller.
Enter Buyer’s Information:
- Include the full name and address of the buyer.
Provide Purchase Details:
- Purchase Price: Clearly state the amount for which the vehicle is being sold.
- Purchase Date: Enter the date of the sale.
Sign the Document:
Ensure all details are accurately filled out. Keep a copy of the bill of sale for both the buyer and seller as proof of the transaction.
What Is Needed When Transferring Ownership Of A Vehicle In Yukon?
When transferring ownership of a vehicle in Yukon, the following documents are required:
- A completed, signed, and dated Bill of Sale
- A copy of the previous owner's vehicle registration certificate (for registering a used vehicle)
- New Vehicle Information Statement (NVIS) (for registering a new vehicle)
- Proof of valid insurance for the vehicle under the new owner's name
The buyer must submit these documents and pay the applicable transfer fees at a Yukon Motor Vehicles office.
When a registered vehicle's ownership is transferred, the registration expires immediately, and the license plates must be removed and returned to the registrar unless they are being transferred to another vehicle registered in the same owner's name within 14 days of the transfer.