You will need a car with a wholesale value of at least $ 5,000, a copy of your driver license, a certificate of title or lien satisfied /
lien release form, evidence of insurance for your vehicle, a recent utility bill in your name that verifies your home address, a pay stub or bank statements as proof of income, and three references.
The
release forms will also require that you acknowledge that there are no medical or other
liens, and if there are, that you will indemnify and / or hold the insurance company harmless from any such
liens.
The ELT program uses electronic transmission of
lien information in place of paper
forms to record and
release liens on motor vehicles and boats titled in NY.