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re: Gifting a Vehicle (Title Transfer, Notary etc.)

Posted on 5/30/12 at 8:20 pm to
Posted by MAUCKjersey1
Houston Oil and Gas
Member since Aug 2005
3532 posts
Posted on 5/30/12 at 8:20 pm to
Just did this last year, bring tell him to bring insurance for the gift car, title and $125, sign a few papers and its done
Posted by ewilliams20
Houston
Member since Jan 2007
104 posts
Posted on 5/30/12 at 8:55 pm to
If your father owns the car outright, no taxes owed (I believe). If there is an outstanding balance owed to a lender, sales tax is owed on this amount.
This post was edited on 5/30/12 at 8:57 pm
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