How do you trade vehicles straight up between two parties?

Discussion in 'General Chit Chat' started by FunkSkunk, Jan 9, 2014.

  1. FunkSkunk

    FunkSkunk Strongest control arms around!

    Joined:
    Aug 25, 2005
    Location:
    WNC
    Ok so I have a '99 Durango that I want to trade for a '01 F150 from a friend. I've searched the internet and even on NC4x4 but I can't figure out the steps to take to just trade straight up and the process at the DMV tag office. I'll call them tomorrow but I figured you guys could tell me the process sooner. Do we pay each other a dollar for the vehicles? Any additional paperwork I need to have filled out? Give me the idiots guide to trading 4x4s!

    Thanks in advance
     
  2. 86yotarover

    86yotarover Member

    Joined:
    Sep 29, 2011
    Location:
    Forest City NC
    Transfer titles. bill of sale that's about it.
     
  3. 13bullets

    13bullets Chris

    Joined:
    Dec 14, 2008
    Location:
    Lincolnton
    Just sign the titles over to the new owner. Go to a bank or somewhere that can notarize the signatures for you and you're set.
     
    86yotarover likes this.
  4. FunkSkunk

    FunkSkunk Strongest control arms around!

    Joined:
    Aug 25, 2005
    Location:
    WNC
    that easy? I know the tag office in my town notarizes for free, so we could just go there? And the usual get insurance coverage and pay the tag fee crap don't you have to list your selling price on some form?
     
  5. 13bullets

    13bullets Chris

    Joined:
    Dec 14, 2008
    Location:
    Lincolnton
    Yes, it's that easy. Hard to believe, isn't it? The selling price doesn't matter, taxes are derived from the retail sale price of the vehicles. The price you pay, or don't pay, doesn't factor into it.
     
  6. bowtieman55

    bowtieman55 Well-Known Member

    Joined:
    Jan 25, 2006
    Location:
    Elizabeth City, NC
    What about the license plates? Aren't they "tagged" to a specific vehicle?
     
  7. DSM Turbos

    DSM Turbos Well-Known Member

    Joined:
    Feb 25, 2006
    Location:
    Raleigh, NC
    Exactly, I did this about a year and a half go. Pretty easy, notarize the titles, go to DMV pay the taxes and transfer your plates.
     
  8. 13bullets

    13bullets Chris

    Joined:
    Dec 14, 2008
    Location:
    Lincolnton
    You either transfer your old tag to your new vehicle at the tag office or turn it in and get a new one. Depending on how old the tag is, or a few other things, it's pretty much a toss up as to which way it goes.
     
  9. Andy J.

    Andy J. wheels for beer

    Joined:
    Nov 5, 2005
    Location:
    Winston
    You can transfer your plates to the new vehicle or turn them in and get a new plate. If you get a new plate, you get to wait a full year before you have to do an inspection.
     
  10. bowtieman55

    bowtieman55 Well-Known Member

    Joined:
    Jan 25, 2006
    Location:
    Elizabeth City, NC
    Thanks guys.

    Sent from my SCH-I535 using Tapatalk
     
  11. DSM Turbos

    DSM Turbos Well-Known Member

    Joined:
    Feb 25, 2006
    Location:
    Raleigh, NC
    But you have to pay more for tags I believe to get a new one vs transferring.
     
    Andy J. likes this.
  12. Andy J.

    Andy J. wheels for beer

    Joined:
    Nov 5, 2005
    Location:
    Winston
    Yep, I don't remember exactly how much but it's like $30-$40. Might be worth it if you are due for an inspection soon.
     
  13. frankenyoter

    frankenyoter No Rain, No Rainbow

    Joined:
    Mar 17, 2009
    Location:
    DARK CITY
    I think it is the same price to transfer or get a new tag.
     
  14. 13bullets

    13bullets Chris

    Joined:
    Dec 14, 2008
    Location:
    Lincolnton
    I'm not sure that's always the case. If buying from a private party you have to get it inspected before they'll give you a tag, at least I did. But when I've bought used cars from a dealer I've always gotten to wait a year.
     
  15. DSM Turbos

    DSM Turbos Well-Known Member

    Joined:
    Feb 25, 2006
    Location:
    Raleigh, NC
    When I traded straight up with another private party I transferred my tags without having to get an inspection first.
     
  16. FunkSkunk

    FunkSkunk Strongest control arms around!

    Joined:
    Aug 25, 2005
    Location:
    WNC
    Well I called the Tag Office and they told me to trade vehicles:

    - Sign Titles over and Notarized
    - Proof of Insurance
    - Current Inspection
    pay the 'man' and your done.

    Pretty simple really, the hardest part is getting both parties together with a Notary!
     
  17. Fart

    Fart Well-Known Member

    Joined:
    Mar 22, 2005
    Location:
    Raleigh, NC
    Tell him it's easiest if you both sell the vehicle to one another for a dollar.
    Sign and notarize his title and bill of sale first. Then grab the documents and run out of there while yelling "thanks for the truck suckerrrrrrrr!!!!!!!"
     
  18. 13bullets

    13bullets Chris

    Joined:
    Dec 14, 2008
    Location:
    Lincolnton
    Only the seller's signature has to be notarized on each title. You don't have to be at the same place at the same time. You could get yours done at your convenience and the same for him. The only thing then is you've got 28 days (I think) from the date it's notarized before you have to pay a penalty at the tag office. As long as you're within that 28 day window you're good to go.
     
  19. paradisePWoffrd

    paradisePWoffrd Recovering Project Junkie

    Joined:
    Nov 5, 2005
    Location:
    Newton, NC
    this.

    this should be true. you can transfer, but if the due date for your current plate is more then a few months off of the current month, they will suggest you get a new plate.
     
  20. mongo1

    mongo1 Member

    Joined:
    Dec 27, 2013
    Might have one issue with plates transferring since one is a pickup and other is suv.. When i traded my suburban for a pickup I filled title out as gift but I couldn't transfer the plates. When I traded pickup for another pickup it all transfered over. Just pay new registration..
     
  21. FunkSkunk

    FunkSkunk Strongest control arms around!

    Joined:
    Aug 25, 2005
    Location:
    WNC
    good to know, yeah I just got that same info about sellers signature being notarized from another source too. Thanks for all the help guys it makes this process a lot smoother.
     
  22. FunkSkunk

    FunkSkunk Strongest control arms around!

    Joined:
    Aug 25, 2005
    Location:
    WNC
    Alright everything is notarized title wise but.... Both of our vehicles were out on the inspections and I know I'll need that before I go get a tag. But won't I have to put it on my new tag? Or do I just do it on his old tag/title and then it just transfers to the new one when I get to the Tag Office?

    ugh to many laws in this country! sheesh!
     
  23. yodaman88

    yodaman88 Well-Known Member

    Joined:
    Dec 5, 2008
    Location:
    Wilmington, North Carolina
    it's cheaper to transfer a tag than to get a new one. New plate costs $28 transfer is only $15
     
  24. cardudenc

    cardudenc jeep a holic, resident assho;e

    Joined:
    Sep 21, 2007
    Location:
    morganton
    I have seen the inspections slide a few times lately
     
  25. FunkSkunk

    FunkSkunk Strongest control arms around!

    Joined:
    Aug 25, 2005
    Location:
    WNC
    Well I got it all wrapped up on Tuesday:

    Got it inspected because it was out and my guy had to put his dealer tag in the computer for it to go through the system. At the DMV I took the notarized title, new inspection, and proof of insurance. Paid $210 or so for new tag and taxes. And FINALLY I've got a TRUCK!

    Thanks for the help fellas and hopefully this will help somebody else down the road too.
     

Share This Page