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Last updated: 16 days ago
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About RhodeIslandVehicle.org
Ensure a smooth transaction when selling a vehicle in Rhode Island. Review odometer disclosure requirements and the process for obtaining a duplicate title. Protect yourself from liability by removing license plates and promptly cancelling vehicle insurance. Go to full description...
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Today: 12:00am - 12:00pm
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Jasperinigo_us@outlook.com
This comprehensive resource streamlines the process of selling a vehicle in Rhode Island, adhering to the directives set out by the Department of Motor Vehicles and the Department of Revenue. It is the responsibility of the seller to ensure that the vehicle title is prepared (or, in the case of older models, a bill of sale is issued) and that the title transfer is executed properly. Key requirements include accurate odometer disclosure for newer vehicles and obtaining a lien release if applicable. It is imperative to understand the seven percent sales tax responsibility, which is typically paid by the buyer upon registration and titling. The tax calculation is based on the vehicle's age and is typically made using the National Automobile Dealers Association (NADA) book value or the Cars of Particular Interest (CPI) list. Once the sale is complete, it is the responsibility of the seller to remove their license plates and cancel their vehicle insurance in order to avoid any future liability. While not mandatory, it is highly recommended that the Rhode Island DMV be notified of the sale for added protection.
Year Established: 2022