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Notification of change of ownership of a vehicle

Notification of transfer of vehicle ownership

Vehicle ownership transfer

When a vehicle changes ownership, the ownership transfer must be reported to the Icelandic Transport Authority (ICETRA) as soon as possible. Registering the change of ownership ensures that the correct party is legally responsible for the vehicle, including matters related to fees, insurance, and traffic violations.

Before reporting the transfer

Before completing the purchase or sale of a vehicle, it is important to carefully review the following:

  • Liens – whether the vehicle is subject to any liens

  • Damage history – whether the vehicle has sustained damage

  • Other factors that may affect the transaction

Further information can be found in the article buying and selling a vehicle.

Ownership transfer process

  1. The seller completes the notification of change of ownership and pays the registration fee.

  2. The buyer, co-owner, or registered user, as applicable, signs the notification electronically.

  3. The ownership transfer is then automatically registered in the vehicle register.

Cost

An ownership transfer costs 3.041 ISKwhich the seller pays upon registration.

Notification of transfer of vehicle ownership