- Is it better to gift or sell a car to a family member?
- What do I need for a title transfer in Indiana?
- Can you do a title transfer online in Indiana?
- Can you gift a car to a family member in Washington State?
- Does the car dealership give you the title?
- What do you need to transfer title at BMV?
- What is the penalty for not transferring title in Washington state?
- Can you register a car without a title in Washington?
- Can you register a car in Washington with an out of state license?
- How do I transfer a car title in Washington state?
- What is a quick title in Washington state?
- Can I sell my car to my son for $1?
- Is a bill of sale enough to get a title?
- Who can you gift a car to in Washington State?
Is it better to gift or sell a car to a family member?
The buyer is responsible for sales tax on the actual sale value of the vehicle, and you aren’t liable for penalties even if the buyer never pays.
This may make selling a car a better option than giving it to a friend or family member, which could cause the gift tax to come into play..
What do I need for a title transfer in Indiana?
You need proof of residence in Indiana (your driver’s license, for instance). You’ll need to have your car inspected, and provide proof of it. You’ll need to pay the titling fee, which is $15. If the title was lost and a new one is needed, it will cost $8.
Can you do a title transfer online in Indiana?
They can either order one online via the BMV services tool or they can go into any BMV branch location to make the request. They can also mail in a completed Application for Certificate of Title, a copy of their photo ID, and the fee to the main BMV location in Indianapolis.
Can you gift a car to a family member in Washington State?
Washington-titled vehicles/vessels The donor must have previously paid sales/use tax in Washington. Proof of payment in Washington may be required. A statement of gift is required from the donor and does not need to be notarized. “Gift” written on the title as the purchase price is acceptable as the statement of gift.
Does the car dealership give you the title?
If you’re making a cash purchase at a dealership, the dealer will usually send your title paperwork to your local Department of Motor Vehicles, or state transportation or revenue agency. The DMV or agency will send you the official certificate of title once the paperwork has been processed.
What do you need to transfer title at BMV?
What Do I Need to Bring to the Title Office?Application(s) for Certificate of Title to a Motor Vehicle (form BMV 3774)Manufacturer’s Certificate of Origin (MCO)Sales tax on the purchase price (sales tax rates by county are available HERE)Payment for title fees, including a lien holder notation (if applicable).
What is the penalty for not transferring title in Washington state?
The penalty for a late transfer under RCW 46.12. 650(7) is fifty dollars assessed on the sixteenth day after the date of delivery and two dollars for each additional day thereafter, but the total penalty must not exceed one hundred twenty-five dollars.
Can you register a car without a title in Washington?
You can ask DOL to issue a three-year registration without title. … You can file a bond with DOL for a three-year period and get a bonded title. The bond amount must be equal to one and a half times the vehicle’s value. You can file a petition in court for an order awarding you legal ownership of the vehicle.
Can you register a car in Washington with an out of state license?
In Washington, residents are required to obtain a driver’s license and register their vehicle within 30 days of moving to the state. Those who improperly license their vehicle in another state to avoid paying taxes and fees could face a gross misdemeanor punishable by a year in county jail and fine of $1,529.
How do I transfer a car title in Washington state?
To transfer a title, the following is needed:Current title with the previous owner’s signature(s) releasing ownership. … Bill of Sale (PDF) stating the full purchase price or a statement of gift signed by the previous owner. … Completed Vehicle Title Application.Required fees (see below).More items…
What is a quick title in Washington state?
Close. Island County > Auditor > Licensing > Quick Title. A Quick Title is a certificate of ownership for your vehicle or boat you can get immediately. It’s much faster than a standard title, which can take several weeks to arrive in the mail.
Can I sell my car to my son for $1?
Just make sure you have a Bill of Sale for legal reasons to protect both of you. The DMV will want their fair share of taxes based on the car make, model, and year. … HOWEVER, you will have to pay any sales taxes, etc due on the value of the vehicle, not the $1 sales price.
Is a bill of sale enough to get a title?
In the state of California, it is required that you have a completed bill of sale before you register the vehicle. … You will also need to have your bill of sale in order to have the title of the car transferred. If you’re the seller of the vehicle, it’s important that you keep a copy of the bill of sale too.
Who can you gift a car to in Washington State?
You can make a gift to absolutely anyone you want, as long as you meet the following 3 requirements: 1) the voluntary intent to make the gift (donative intent); 2) delivery of the gift either actually, by implication, or symbolically; and, 3)…