How Much in total including new tags and registraton does it cost to gift a car to a family memeber
2007-08-15 03:55:15 · 3 answers · asked by Nick M 2 in Cars & Transportation ➔ Insurance & Registration
The question you're asking is state dependent. You don't say which state your in.
In California, you can give your car to a family member for no additional cost to you.
If you're in CA, see details here.
http://www.dmv.ca.gov/pubs/brochures/howto/htvr1.htm
2007-08-15 04:40:44 · answer #1 · answered by hsueh010 7 · 0⤊ 0⤋
Work up a bill of sale for $1. It saves you the 'gifting' hassle. The cost of your tags and registration depends on where you live. My last car was $60. The one before that was $300. Some counties charge personal property tax upfront, some don't.
2007-08-15 04:03:57 · answer #2 · answered by Bruce J 4 · 0⤊ 0⤋
In Texas you can no longer gift a vehicle to someone. Where you go to register it will look up what they call the "black book value" of the vehicle and then you pay tax on 80% of that value, plus the cost of registering the vehicle.
2007-08-15 04:22:34 · answer #3 · answered by hunt_ken 4 · 0⤊ 0⤋