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re: Gifting a car or selling it for cheap???

Posted on 3/15/24 at 7:05 am to
Posted by BayouBengal23
BR
Member since Mar 2019
573 posts
Posted on 3/15/24 at 7:05 am to
Not me… but someone I know… has sold many cars for $3000 or less on paper. “They” asked the lady at the title transfer place if anything ever happens or red flags are raised and she said never. We see it all day everyday and I’ve never heard of anything happening.

On top of that, acts of donation happen all of the time too so no taxes are paid.
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