Your business may have a few vehicles for transportation, deliveries, and other operations. In some instances, it may be impossible to run your business without its vehicles.
You need to register them regardless of the type of business you run. If you wish to brand the vehicles with your business colors and logos, it would be a good idea to register them in your business name first. After registration, you will have control over driving policies, GPS tracking, and a lot more.
Transferring a Personal Car
If you wish to transfer your personal car to your business, the process is a lot easier than when buying it from a third party. This is because you can sign both the buyer and seller portions of the paperwork. If, however, you owe some money on the car, you have to contact your lender before transferring it to your business. The requirements vary depending on where you live.
After the transfer process, your business will have to take over payments. However, some lenders may require you to pay off the debt before completing the transfer.
Getting a New Car for the Business
If you buy a new car for your business, arrange to meet the seller at the registrar’s office. You will need to fill out the paperwork together. When both of you do it together, you can have peace knowing that everything was done well. If you got your car from a dealership, you will have a representative to guide you.
Here are a few tips that will help streamline your business vehicle registration:
1. Choosing the Right DMV Partner
Working with a partner is one of the simplest ways to streamline the process of business vehicle registration. Your DMV partner will let you know what to expect depending on your needs. With their help, you can complete the registration process in no time. They may also help with other DMV-related transactions. The right partner will save you a lot of time and trouble. You may never have to visit a DMV office again.
2. Get the Paperwork Ready
The relevant fees and paperwork for registering your business car depend on your state. However, all states require that you provide identification for yourself and your business and proof of insurance. Important paperwork that you may need to provide before registering your business vehicle include:
You need to provide identification before registering your business car. The acceptable forms of identification include your U.S passport, a non-driver ID card, driver’s license, and a recognized tribal ID.
Proof of Ownership
You must have an original title as proof of ownership. Alternatively, you may get registration from the previous car owner. If the registration is expired and you bought it from a different state, you must have a letter of registration verification from the state.
Other important documents include:
- Proof of insurance
- Your completed application
- A bill of sale if you recently purchased the vehicle
- Registration fees depending on where you live
When unsure of the requirements in your state, your local DMV or DMV partners may help. Having all your relevant documents ready will make the entire process faster. It is better to spend some time collecting your documents than slowing down the registration process because you don’t have them at hand.
Like with everything else, research will make things easier for you when you want to register your business car. Find out what the process entails before you start it. This way, you can set realistic expectations. Even when working with DMV partners, you need to know what is happening. Some of the important things to research include your state requirements, how long the entire process may take, what you can do to make it faster, and the applicable fee.
There is a lot that you could do to streamline your business vehicle registration. The first and most important thing to do is research. Find out what documents you need to have, what the entire process entails, and how you can speed it up. Working with the right DMV partners is a good idea as well.
With their help, you can complete all DMV transactions without having to step in a DMV office. Get all your relevant documents before starting the process. The requirements vary depending on where you live. However, you generally need to provide proof of insurance, your identification, and your business identification. Relevant documents may include; your completed application, driver’s ID, proof of ownership, and a bill of sale.