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Anyone ever trade vehicles with someone?

Posted on 11/27/16 at 11:58 am
Posted by LessofLes
Member since Sep 2010
1686 posts
Posted on 11/27/16 at 11:58 am
My brother-in-law and I have a mutual need for each other's 3rd vehicle. Clear titles for both and they are worth the same amount.

What's the process? Sign title over to each other and then register in our respective state?

Can it be that easy? Can we donate them to each other somehow for a tax deduction?
Posted by DirtyMikeandtheBoys
Member since May 2011
19426 posts
Posted on 11/27/16 at 12:01 pm to
quote:


Can it be that easy? Can we donate them to each other somehow for a tax deduction?


You gonna not claim the receipt of his donation on yours?
Posted by LessofLes
Member since Sep 2010
1686 posts
Posted on 11/27/16 at 12:02 pm to
True. That would be a wash.
Posted by mikelbr
Baton Rouge
Member since Apr 2008
47507 posts
Posted on 11/27/16 at 12:12 pm to
I did it without hassle. But I went to a car/title/notary place. Worth the 138 or something in fees to have it all done there and proper. No need to go to DMV or anything.
This post was edited on 11/27/16 at 12:14 pm
Posted by REB BEER
Laffy Yet
Member since Dec 2010
16213 posts
Posted on 11/27/16 at 2:18 pm to
I did this before. Now in La anyone can donate a vehicle to anyone else. You used to have to be immediate family (I believe). No taxes will be paid with act of donation.
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