I have an old car that I want to get rid of because it costs me too much money to maintain. I don’t want to go through the hassle of selling it, so how can I retire the car to the state?
Reviewed by Shannon Martin, Licensed Insurance Agent.
Retiring a car to the state has many causes, including when the owner is unsure what to do with the vehicle or does not want the hassle of selling it. Each state has its own processes and requirements for retiring a car to its custody. So to make sure you take all the necessary steps, contact your local DMV and ask if you are eligible to turn the vehicle over.
Requirements vary by state, but some commonalities and things that may be required include:
You must be the registered owner of the vehicle
You may have to disclose your household income to see if you are eligible in your state
You cannot have recently retired another vehicle
The vehicle must be currently registered
The vehicle must pass an emissions test
The vehicle must pass an inspection for retirement
You may have to drive the vehicle to the retirement site
If you are retiring to the vehicle due to financial hardship, see if a used dealership or salvage yard will buy the car. Many of these sales are done the same day and save you the hassle of lining up a private sale.
Another way to save on the cost of owning a vehicle is by reviewing your
app to get started. As a licensed broker, Jerry does all the hard work of finding cheap quotes from the top insurance companies and buying new car insurance. Jerry will even help you cancel your old policy.
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