How to Gift a Vehicle: 11 Steps
Gifting a vehicle can be an exciting and generous gesture that can make someone’s day. However, it’s essential to follow some necessary steps to ensure a smooth transfer of ownership. Here are 11 steps on how to gift a vehicle:
1. Verify eligibility: Before gifting the vehicle, ensure the recipient is eligible to own a car, like having a valid driver’s license and meeting age requirements.
2. Prepare the car: Clean the vehicle inside and out, conduct any necessary maintenance, and make sure it is in good working condition before gifting it.
3. Locate the title: Find the original vehicle title, which is necessary for transferring ownership.
4. Fill out title transfer information: Complete the appropriate sections on the back of the title (usually seller and buyer information). Be sure to include accurate odometer reading and selling price (although gifted, some states require a nominal value to assess taxes).
5. Notify insurance companies: Notify your insurance provider about your intention to gift your vehicle. The recipient will also need to secure insurance before receiving the car.
6. Obtain necessary forms: Check with your state’s motor vehicle department website or visit in person to obtain all necessary forms required for transferring ownership of a gifted vehicle.
7. Complete and sign forms: Fill out all required forms accurately and obtain signatures from both parties.
8. Acquire emissions testing certification: Some states require emissions tests on vehicles before sale or transfer of ownership. If so, have your car tested and obtain a pass certificate as proof.
9. Pay fees and taxes: Based on state regulations, you may be responsible for paying sales tax or other fees associated with gifting a vehicle. Pay any required charges promptly to avoid complications in the transfer process.
10. Submit forms and documentation: Once all forms are completed, signed, and fees paid, submit them to your state’s motor vehicle department. Your state may have specific submission guidelines, like mailing or in-person submissions.
11. Provide keys and vehicle: After processing all necessary documentation, you can finally hand over the keys and vehicle to the recipient.
By following these 11 steps, you can seamlessly gift a vehicle, ensuring that both parties fully understand their responsibilities and enjoy the benefits of this generous act.