New residents in Silver Spring, Maryland must get their vehicle registered within 60 days of moving to the state. This guide to the basics of Maryland car registration will help you take care of this task before time runs out. Registration Application To apply for vehicle registration and title in Maryland, you can visit a Maryland Vehicle Administration (MVA) office or tag and title service in person or apply through the mail by sending your documents directly to the MVA. You'll be required to present proof of ownership, which is the existing title to the vehicle that identifies you as the owner. If you have a car loan, you'll need to have your lender send the title to the MVA. more Once the MVA receives the title, the agency will tell you how much you owe in excise tax. You'll then send a completed Application for Certificate of Title, car insurance information, Maryland Safety Inspection Certificate, title fee, lien recording fee, and excise tax to the MVA. You may also be required to provide proof of the vehicle's value, a copy of the lease agreement, lien release, and power of attorney (if another person is signing the documents for you). Excise Titling Tax In Maryland, the excise titling tax is 6% of the total purchase price for recently purchased vehicles or $640, whichever is greater. The purchase price must be verified by an MVA Bill of Sale (form VR-181), and this form must be notarized and signed by both the buyer and the seller. If the car has not been recently purchased, the excise titling tax will be 6% of the valuation in an MVA-approved national publication of used vehicle values. If your vehicle is more than seven years old, the excise tax will be based on 6% of the purchase price or $640, whichever is greater. In the event that a national publication of used vehicle values is used to set the value of your car, the total value may be increased or decreased based on the mileage or condition of the car. Insurance You must provide proof of insurance when you register your car in Maryland. Your insurance company must be licensed in Maryland, and you are required to carry a minimum of $30,000 per person in bodily injury and at least $15,000 for property damage. A copy of your policy should be attached to the registration documents when you apply for registration. Safety Inspection Certificate All used vehicles in Maryland must be inspected at a licensed Maryland inspection station, of which car dealerships are one. This certificate verifies that the car meets the state's safety standards and is valid for 90 days from the date of the inspection. Brand new vehicles do not have to submit this certificate, as they are assumed to meet the standards. Find Your New or Used Car in Silver Spring, MD at Our Dealership Today When you move to Maryland, you'll want to take care of your vehicle's registration as soon as possible to get the lowest excise tax rate possible. Do you need a new car? Come on over to DARCARS Chrysler Dodge Jeep RAM of Silver Spring, buy a new car, and let us take care of the registration application for you.
