How to Transfer a Car Title Loan in Oklahoma

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Owning a car means more than just having access to reliable transportation, it means having a car title in your name. Without a car title in your name, you cannot legally prove that you own a car in Oklahoma.

Learn how to transfer a car title in Oklahoma, then use that title to obtain fast financial relief through a title loan serviced by LoanMart!1

How to Transfer a Car Title in Oklahoma?

There are various reasons why someone may want to transfer a car title in Oklahoma. You may have recently received the car as a gift, or your co-owner may have recently died.

If you need to establish ownership of a car, you can transfer your car title in Oklahoma by gathering the following documents and visiting a tag agency:

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Oklahoma Car Title

In order to complete the title transfer process in Oklahoma, you will need a properly assigned and notarized car title. Notarization ensures that both the new and previous owner of the car have been properly identified and consented to the exchange.

Proof of Car Insurance

In the state of Oklahoma, you will need to provide proof of liability car insurance to transfer a car title. The verification form you provide must be in compliance with Oklahoma requirements.

Lien Release

A lien release is only required if there is an active lien on the car title. If there is no release, then the active lien is transferred to the new car title after the transfer process is complete.

Oklahoma Car Registration

You will need to provide the current car registration to transfer a car title in Oklahoma. However, if the car title is a salvage or junk title, then the car registration is not required.

Odometer Disclosure

In the state of Oklahoma, if your car is nine years old or newer, you will need to provide a completed odometer disclosure statement when transferring a car title. The odometer disclosure is typically added into title certificate ownership assignments, but you could also download the odometer disclosure statement (Form 729).

How to Transfer a Car Title Loan in Oklahoma if the Previous Owner Died?

If a car owner died, and you received ownership of the car through the deceased’s will, you will need to request a title transfer in Oklahoma to obtain the car. However, you will first need to have the will probated. Probate is the judicial process that establishes the validity of a will.

Once the will is probated, you can present the following to a tag agency in Oklahoma to be awarded the car:

  • The letters testamentary issued by the court
  • A copy of the deceased’s death certificate.

If there was no will left behind by the deceased, but you are entitled to the car, you could still obtain ownership. You will need to complete the title transfer documentation at a tag agency and provide a copy of the deceased’s death certificate.

How to Notify the Oklahoma Tax Commission of a Car Title Transfer?

When you transfer a car title in Oklahoma or sell your car to another party, you will need to notify the Oklahoma Tax Commission (OTC). You can easily do this online by visiting the website and completing a notice of transfer form. You will need to provide the last four characters of your vehicle identification number (VIN), your primary license plate number, and the full legal name of the buyer.

What is the Fee to Transfer a Car Title Loan in Oklahoma?

You are required to pay a fee and excise tax when you transfer the car title in Oklahoma. The fee for a new standard car title is $11. If the car has a junk title, the title transfer fee is $4. The excise tax is collected when you are issued a new car title. The amount you will have to pay is based on the purchase price.

If the purchase price falls within 20% of the average market value for that model car, then the excise tax will be based on that value. However, if the purchase price is not within 20% of the average market value, then the excise tax is based on the Blue Book value.

To get an idea of how much excise tax you may have to pay to transfer your car title in Oklahoma, you can use the online excise tax calculator. To get an estimate, you will need to provide the Blue Book value of your car and the purchase price.

How Can I Contact the Oklahoma Tax Commission (OTC) to Transfer a Car Title Loan?

If you have any questions about transferring a car title in Oklahoma, you can call the motor vehicle service office at (405) 521-3221 from 8:00 am to 4:00 pm. Or if you prefer, you can contact the motor vehicle service office online. You will need to provide basic contact information, your VIN, and a detailed message with your questions or concerns.

Obtain a Car Title Loan in Oklahoma with Your Car Title

Need fast emergency cash to handle an upcoming bill? Once you transfer your car title in Oklahoma, you can inquire for a title loan serviced by LoanMart. The qualification requirements are easy to meet and flexible. If you have bad credit, you may still be eligible!1

The approval process is quick, and can be completed almost entirely online! If you are approved, you could look forward to receiving your money in as little as 24 hours!3

Check out the 3 steps you need to follow to get emergency cash:

  1. Inquire Online or Over the Phone: To inquire for a title loan serviced by LoanMart in Oklahoma, you can call (855) 422-7412 to speak with an agent or use the cash value form to submit your contact details. If your car qualifies, you could get a free title loan estimate.
  2. Send in Your Paperwork: If you are approved, you will be asked to start uploading your documents online. You will be asked for a valid photo ID, proof of income, proof of residence, photos of the car, references, and your car title.
  3. Get Your Title Loan Money1: Once an agent verifies your information, you could be fully approved for a title loan serviced by LoanMart!

Getting the financial support you need in Oklahoma is easy when you transfer a car title in your name to get a title loan serviced by LoanMart.1

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