Im am trying to get the title and registration changed to my dad's name. Can I sell my car to my dad for $1 so that he can get new registration and a new title in his name?
Since this is a private to private sell--there would be no taxes, right?
Anyone know if this is possible? I've tried the DMV site but did not see anything regarding this.
2006-11-24 00:49:18 · 8 answers · asked by hoowzer 2 in Cars & Transportation ➔ Buying & Selling
It shouldn't be a problem but if it is there may may be a family transfer form where the ttle and registration change but n money other than title and reg. fees.
2006-11-24 00:55:22 · answer #1 · answered by Colin L 5 · 1⤊ 0⤋
Friend
I'm 41 years old and have been selling cars from the time i was 10 yes you can sell your car to any one for a $ as a privet person you can sell any thing you want at the price you set....
in your case just keep a sales agreement so if the buyer has a problem the car is sold (AS IS) no extras ect....
you will need it to prove that the car is on longer yours in the case of stolen or an accident you can not be held responsible...
Good luck......
2006-11-24 02:32:01 · answer #2 · answered by red 3 · 0⤊ 0⤋
In georgia you can sell the car to your dad for any amount. In Georgia there is no sales tax when a private individual sell a car to a private individual.
The only thing it will cost him is the title fee. I think that is between 15 - 30 Dollars. I forget Now
2006-11-24 01:14:45 · answer #3 · answered by Anonymous · 1⤊ 0⤋
If a man/woman knows something is wrong, but does it anyway, that is sin. If a man/woman knows it's right to do something, but doesn't do it, that is also sin. If it is justified that you sell the car, and he is the rightful owner, then you should give him the $500 (less the $180 for the fine).
2016-05-22 22:05:41 · answer #4 · answered by ? 4 · 0⤊ 0⤋
if they are family you could give it to them and no fee is required,all he has to say is that it was a give from his daughter. but if you want to go the long way once they ask you how much is the car worth you tell them 100.00 bucks because that is were they make there money at is when they ask how much is the car worth most people llike to say way up there in price range. not knowing that it is just making there title fee that much more expiensive.
2006-11-24 01:10:00 · answer #5 · answered by timberrattler818 5 · 0⤊ 0⤋
All I know is that in Minnesota, you can transfer a vehicle to a relative with no tax. You technically don't even sell it. There is a transfer fee, but no tax.
2006-11-24 01:34:57 · answer #6 · answered by Papa John 6 · 0⤊ 0⤋
I live in Texas and that used to be legal here, but now we have to pay a gift tax if the price is under a predetermined amount.Not sure what that amount is.
2006-11-24 01:16:23 · answer #7 · answered by thorne_59er 1 · 0⤊ 0⤋
I remember my dad and brother doing this, but we live in Michigan.
2006-11-24 01:04:40 · answer #8 · answered by margarita 7 · 0⤊ 0⤋