Separate Title Lease For Free

Usually, the only way to get someone else's name off a lease or loan is to buy out (pay off) the loan/lease and secure a new loan or lease.

To transfer the ownership of the vehicle to your name, you must complete form MV-82* or MV-82TON*, and pay applicable sales tax. 1. A current and valid New York State Insurance Identification Card in the name of the registrant, or 2. For a For-Hire vehicle, form FH-1 (Insurance Certificate), or 3.

Thankfully, there are a few ways that you may be able to unburden yourself from a lease you no longer want to be in. You may be able to transfer the lease, buy the leased car and sell it to someone else, trade in your car, and/or lower or suspend your payments.

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.

You will not receive the original title certificate as proof of ownership. The leasing company is the owner and holds the title certificate, which displays their name.

What You'll Need to Do to Transfer your Vehicle Title in New York Visit any DMV office near you. Consider making a DMV appointment or getting a line waiting concierge. Submit the required documents and ID. Submit the required payment. Receive a temporary vehicle title. Receive your vehicle title via U.S. mail.

Retail Certificate of Sale (MV-50) (aka 'Dealer's Bill of Sale'). The proof of ownership for a used vehicle is the title certificate that the previous owner signed to transfer the ownership to the dealer and a form MV-50 that the dealer signs to transfer ownership to you.