Chapter 9 Vehicle Informa

Vehicle Information

Chapter 9

Vehicle Information Before you drive your car on New Jersey roads, you must:

-Title it -Register it -Insure it

Vehicle Title If you move to NJ, your vehicle must be titled and registered: -Within 60 days -Before the out-of-state registration expires -Whichever comes first

Vehicle Title How to title a New Car:

A. Generally, the car dealership where the vehicle was purchased will provide you with the completed title as a convenience B. If the dealership does not provide you with the title, they must provide you with the manufacturer’s certificate of origin -If option B, take the certificate of origin to the NJDMV and pay the required titling fee.

Vehicle Title How to title a Used Car: -Often used when buying cars from newspapers, craigslist, family members, side of road, etc. 1. The title must be taken to the DMV within 10 business days of sale date to avoid $25 fee. 2. Fill out the reverse side of the title with the seller, be sure to include: -Buyer’s name and address -Date of Sale -Odometer Reading at time of sale -Sale Price -Seller’s information -Signature of buyer and seller

Vehicle Title (Front)

Gary Cop 695 Woodlane Road Westampton, NJ 08060

Vehicle Title (Back) Fill-out:

1. Buyer’s Name and address 2. Seller’s Name and address 3. Odometer Reading 4. Odometer Cert. 5. Date Odometer Read 6. Sale Price 7. Date of Sale 8. Seller’s Signature 9. Buyer’s Signature

3 4

1

2

6 8 5

9

7

Vehicle Title How to title a Used Car (Continued):

3. Bring completed and signed title to the NJDMV and pay required fee (around $60.00) 4. Pay required sales tax (7%) on purchase to NJDMV when titling the car. *Note – Do not pay sales tax to seller*

Example: Used car sales price: $3,000 Titling Fee: $60 Sales Tax $210 ______________________________ Total Check to NJDMV $270 *If Lost or damaged, a title can be replaced at the DMV*

Vehicle Title Scenario 1: You saved your money like crazy and were able to purchase a new Volkswagen Jetta for $13,999.00. How do you title it? Scenario 2: You saved your money (not as crazy) and were able to purchase a used 2005 Ford Focus with 72,537 miles for $2,000.00 from: Mr. Gary Cop 695 Woodlane Road Westampton, NJ 08060 *You may sign for the seller and use today’s date*

POP QUIZ!

Vehicle Registration How to complete an Initial Registration for a New Car:

-Generally, most new car dealerships will complete an initial registration for a buyer along with the titling process as a convenience. How to complete an Initial Registration for a Used Car: 1. You must be at least 17 to register a vehicle yourself 2. Bring the signed title from previous owner if the title has not been transferred to your name yet 3. Bring proof (receipt) that sales tax has been paid 4. Bring current insurance company name and policy number, if unavailable, insurance must be purchased prior to registering the vehicle 5. Fill-out a NJ Registration Application 6. Pay the required registration fee (around $75.00) *New car registration lasts 4 years, all others must be renewed annually*

Vehicle Registration -Upon vehicle registration, the owner will receive A set (2) of matching NJ License Plates -One plate must be attached to the front of the car and the other must be attached to the rear. -The rear plate must be lighted and visible from 50 feet at night. -If any plate is not clearly visible, the driver may face a fine up to $100

License Plates -Report lost or stolen plates to local police

-Turn in old plates to any NJ DMV -Get information on custom plates at any NJ DMV -Get information on handicap plates at any NJ DMV -Renew registration every year by mail, internet, or in person at the NJ DMV

Vehicle Registration Scenario 1: Your parents purchased you a brand new Jeep Liberty when you turned 17. The car is in their name, but will be yours. How would go about registering it? What information do you need?

Scenario 2: Your parents purchased you a 2005 Volkswagen Golf for $3,500. The car is in their name, but will be yours. You are 17 years old. How do you go about registering it? What information do you need?

Registration Application Form

Vehicle Inspection All gasoline powered vehicles must pass a NJ State Inspection at: A New Jersey Inspection Facility: -No Charge to Driver -Generally Long wait times -May have to drive to get to one -Closest Free Facility: 617 Hampton Road Cherry Hill, NJ 08002

Vehicle Inspection Or, at a State-licensed Private Inspection Facility: -Driver will be charged fee (around $60) -Less wait times -More convenient locations

Vehicle Inspection Inspection for New Cars: -1st Inspection 5 years after initial registration -Inspection every 2 years after initial inspection

Inspection for Used Cars From Out-of-State: -Inspection necessary within 14 days of registration

Inspection for Used Cars From New Jersey: -Inspection upon expiration of current inspection sticker (14 days if expired) -Inspection every 2 years

Vehicle Inspection Critical Thinking:

A

A: If purchased new, what month and year was this car purchased? November 2007 B: If this car was purchased used today, when would you have to get it inspected? By November 30, 2012 C: If this car was purchased used today, when would you have to get it inspected by? 14 days after registration

D: If this car was purchased used in New Jersey but has PA inspection that does not expire until Dec. 2012, when would you have to get it inspected by? 14 days after registration

B

C

D

Vehicle Inspection When you go to inspection, you must have: -Valid License -Valid Registration -Valid Insurance (You will fail if any of these documents are not present)

Your vehicle will be tested for: -Brake suspension -Steering -Wheel Alignment -Safety Features -Emissions (will fail if “check engine” light on) -Gas cap seal

Vehicle Inspection If your car fails inspection: -You have 30 days from the last day of the month on the current inspection sticker to make repairs

-In that 30 days you must bring the car back for re-inspection -All repair work receipts must be presented at re-inspection

-All emission repairs must be completed at a state-approved emission repair facility

Vehicle Inspection Driving a vehicle with an expired inspection: -fine from $100 to $200 -possible 30 days in jail -possible loss of registration privileges

Insurance True or False: All types of Vehicle Insurance are required in the state of NJ? Answer: False The only required type of vehicle insurance is? Liability What is Liability Insurance? Liability insurance protects you from damage you do to others (injure them in an accident) or damage you do to property (driving through a storefront)

Insurance What are the other types of Insurance? Collision Auto Insurance -Pays for damages to your car from accidents involving other cars or objects -Will pay actual cash value of car based on age, purchase price and condition -Most expensive form of insurance -Not a required form of insurance

Insurance Comprehensive Auto Insurance: -Pays for damages to your car that aren’t caused by a collision, for example: -Storms and Natural Disasters -Vandalism and Theft -Animal Damage -Broken Windshields -Falling Objects -Not a required form of insurance

Insurance Uninsured/Underinsured Motorist Coverage: -Protects you financially if you are in an accident with someone who is at fault and has no insurance or insufficient coverage -Not a required form of insurance

Insurance Make a Decision:

-Decide what coverage(s) you want based on price, condition and age of your car -With newer cars, collision/comprehensive coverage is a good idea

Comprehensive/Collision Recommended Value: $55,000

-With older cars, your deductible may be the same value as the whole car How to get insurance:

-Have your parent/guardian add you to their policy (will be least expensive option if parent/guardian is willing to add you) -Purchase your own policy (will be most expensive option, search many companies for the best price)

Liability only recommended Value: $500

Insurance Researching Price: -Log onto auto insurance websites -Have Vehicle Information: -Make -Model -Year -Condition -VIN -Miles -Get Quotes and Compare -Tickets, points, and accidents will all increase rates -Good grades, alarm systems, antilock brakes, and airbags will decrease rates

Let’s see how to get a quote online…

Your Auto Quote (Complete) (or $138.88 /mo) $1,666.60/year Drivers Gary Cop Alyssa Cop 2010 KIA RIO 5D RIO5

6 MONTH PREMIUM $833.30

Bodily Injury Lawsuit Option Property Damage Principal PIP Principal PIP - Med Exp Only Extra PIP Package Income Continuation Extended Medical Payments Uninsured Motorist Bod. Injury Uninsured Motorist Prop. Damage Comprehensive Collision Towing & Road Service Glass Deductible Buyback Collision Plus/Loss of Use K5

LIMITS/DEDUCTIBLES

COSTS

$250,000/$500,000 Limit $250,000 $250,000/$500,000 No Coverage Coverage $250/$26,000 $10,000,000 $250,000/$500,000 $250,000/500 $250 $250 Coverage No Coverage Coverage

$211.70 $0.00 $82.40 $134.80 $0.00 $16.00 $0.00 $1.00 $47.10 $12.90 $40.80 $190.40 $8.50 $0.00 $87.70