Inform your lender that you're moving to a different state. Provide them with your new address and phone number.
2. Vehicle Registration and License:
In your new state:
- Register your car within a specific time frame, usually 30-60 days. Contact your new state's Department of Motor Vehicles.
- Apply for a new driver's license within a similar time frame if your car registration requires it.
3. Insurance Change:
Contact your auto insurance company about moving to a new state. Insurance requirements vary. Some states might need specific coverage.
4. Emissions Inspection:
Depending on your new state and vehicle, you might need to pass an emissions inspection to register your car. Some states exempt newer vehicles. Verify requirements.
5. Update Loan Details:
Contact your lender with updates after car registration, driver's license, and insurance changes. Provide necessary documents if requested.
6. Transfer Title (If Required):
In some states, you might need to transfer the title to your car at the DMV after completing registration and any related requirements.
7. Continue Loan Payments:
Regardless of your move, continue to make timely monthly loan payments according to your loan agreement. Any defaults can impact your credit and lead to potential repossession risks.
By following these steps, you can ensure a smooth transition for your financed car as you move to your new state. Remember to inform your lender promptly for assistance on loan-related details.
