Re: Bought a Car, But Haven't Transfered the Title for Over a Year
According to the California DMV website:
The number of days you have to transfer ownership of a vehicle you purchased or sold.
If you purchase or acquire a vehicle from a private party, you have 10 days from the date of sale to report to DMV the change of ownership. Transfer fees must be paid to DMV within 30 days of the purchase date, even if you do not have all of the required documents. Failure to pay your fees to DMV within 30 days will result in transfer and use tax penalties.
And I couldn't tell you what or how much those penalties are. I have a hunch that it might also depened on the value of the vehicle (buying price)... But you can call the DMV at the number listed in this linked page which also includes instructions on What to do when purchasing a car from a private party.
I am right 97% of the time... Who cares about the other 4%!