SCDMV Form TI-002A. Notice of Vehicle Sold at Auction

SCDMV Form TI-002A. Notice of Vehicle Sold at Auction

The Notice of Vehicle Sold at Auction, known as SCDMV Form TI-002A, is used to inform the South Carolina Department of Motor Vehicles (SCDMV) about the sale of a vehicle at an auction. The purpose of this form is to update the SCDMV records and transfer ownership of the vehicle to the new buyer.

The form consists of several sections that require detailed information about the vehicle, including its make, model, year, and VIN number. The seller must also provide information about the buyer, including their name, address, and contact details. Additionally, the form requires the seller to indicate the date of sale and the auction location.

It is important for both the seller and buyer to accurately complete all the required fields in the form to ensure a smooth transfer of ownership. The seller should retain a copy of the completed form for their records, while the original should be submitted to the SCDMV within a specified timeframe.

An example of when this form is needed is when a dealership or individual sells a vehicle at an auction. By submitting this form to the SCDMV, the seller notifies the department about the change in ownership, allowing them to update their records and transfer the vehicle's registration to the new owner.

A related form is the SCDMV Form TI-002, which is used to report the sale of a vehicle to an individual buyer, rather than at an auction. The TI-002A form specifically caters to vehicles sold at auctions, while the TI-002 form is used for private sales. Both forms play a crucial role in updating the SCDMV records and transferring ownership of vehicles in South Carolina.