REGISTERING YOUR VEHICLE IN NEW HAMPSHIRE
When you buy a car at one of the Key Auto Group dealerships, you will receive a 20-day temporary plate. This temporary plate allows you to wait 20 days to register your car in NH, essentially giving you the privilege of driving free for the better part of a month. When it is time to register your car, you will turn in your New Hampshire title application (also known as your blues). This is what will be sent to the state and your lending institution, at which point a new title will be issued in your name. The lender will receive this title after you register the car, and the title will be held until you pay off your car loan. The title application makes it unnecessary to transfer the physical title at the dealership.
Not sure where in New Hampshire you're supposed to register your car or questions about locations, hours or anything else? Here's a link to the http://www.nh.gov/safety/divisions/dmv/
REGISTERING YOUR VEHICLE IN MASSACHUSETTS
New Hampshire car dealers like the Key Auto Group have a responsibility to help customers of other states register their cars, too. If you are registering your car in Massachusetts, you will typically leave the New Hampshire dealership with the title to your new vehicle and the RMV-1 form. Your auto insurance company will need to stamp the RMV-1 form, after which you will be able to register your car in Massachusetts.
REGISTERING YOUR VEHICLE IN MAINE
Maine residents purchasing a vehicle in New Hampshire will be issued a temporary New Hampshire plate as long as the vehicle is sold with a New Hampshire State Inspection. Maine residents will also receive either a title application for their purchased car or the actual physical title, whichever the situation demands.
TRADING YOUR CAR WITHOUT THE TITLE
The good news is that if your car is over 15 years old, you will not need the title. Our finance managers will simply have you sign off on a couple forms, and your vehicle will be exempt. If your vehicle is fewer than 15 years old, we will help you apply for a duplicate New Hampshire title. It's a very simple process and the title will come directly to our dealership, so you won't need to do anything once you leave with your new ride.
TRADING YOUR CAR THAT ISN'T PAID OFF YET
Are you trying to trade a vehicle that is currently being financed? Not a problem. We can appraise your vehicle for its market value. If you owe more on your vehicle than the amount for which it is appraised, the excess will be included in your next loan. Some customers choose to pay this off with cash, but it is rarely required to do so. In fact, many of the loans we write at our dealerships include some sort of negative equity. This is because the reality is that car values usually depreciate faster than loan values, and the average trade cycle is approximately three years. The good news is that our new cars and used cars are priced well below market value, making it easier to help someone cope with a negative equity situation.