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Transferring A Title After A Lease Buyout You'll need to complete Form MV-82 and provide proof of identity, proof of vehicle ownership and proof of sales tax payment. You'll need to bring this information, along with the lease buyout agreement and any lien releases needed, to your local DMV office.

Once you pay off your loan, your lender will send you an official release of lien letter. Take that letter to your state's Department of Motor Vehicles office (or, in some cases, to your local city or town clerk's office), and they'll issue you a car title in your name.

If you are selling your car, you need to give the new owner a valid smog certification when you sell the car. If the car you are selling is less than four years old, you do not need to get a smog inspection. Instead, the new owner of the car will need to pay a smog transfer fee.

If the buyer does not sign the title and mail or give it to DVS, then the seller's name stays on the title of the car. If the buyer doesn't transfer the title within 10 days, the car's registration is suspended.

If the lessee: Buys the vehicle at the end of the lease, use tax is based on the balance owed at the time of lease pay-off. Sells the vehicle within 10 days, use tax is due only from the third party. Sells the vehicle after 10 days, use tax will be due from the lessee and the third party.

Transferring a Title After a Lease Buyout To transfer a vehicle's title in Connecticut, you are required to: Sign the CT vehicle title (buyer and seller) Complete an Official Release Lien or Permissions to Issue a Replacement Title (Form H-6B) and Bill of Sale/Odometer Disclosure Statement (Form H-31) if required.

Sign in the buyer's section on the reverse side of the title and insert their driver's license or Entity Identification Number (EIN-formerly Corpcode). Visit a motor vehicle agency to transfer the title, complete the Vehicle Registration Application (Form BA-49) if applicable, and receive the license plates.