CA people: What should I do to transfer this car title?
KiMBO's Hubby
Joined: Mar 2002
Posts: 3,488
Likes: 0
From: San Hose Jose
there is an exemption form for taxes if you transfer titles from parents to kids or vice versa. i just transfered my car to my parents without paying a single penny.
or...
add a owner to your title. put it under yours and your mom's name with an "OR" title.
or...
add a owner to your title. put it under yours and your mom's name with an "OR" title.
Apathy Kills
Joined: Nov 2002
Posts: 60,714
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From: The Left Lane
Gift it. It's the truth as far as the state is concerned.
Then all she needs to do is sign the title to transfer ownership, just as if it were a sale.
Then all she needs to do is sign the title to transfer ownership, just as if it were a sale.
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Senior Member
Joined: Apr 2006
Posts: 4,301
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From: Indianapolis
put $1 as the selling price. For it to be a "legal transaction" it has have a selling price in most states. And if the lazy person at the DMV says something tell them that you bought it from your mom. And if you want to make it true, give your mom a dollar.
Btw, I bought my bike for $300. hehe
Btw, I bought my bike for $300. hehe
RIP Woong.
Joined: May 2000
Posts: 17,284
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From: san jose, ca
put $1 as the selling price. For it to be a "legal transaction" it has have a selling price in most states. And if the lazy person at the DMV says something tell them that you bought it from your mom. And if you want to make it true, give your mom a dollar.
Btw, I bought my bike for $300. hehe
Btw, I bought my bike for $300. hehe
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I
Joined: Jan 2001
Posts: 56,525
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From: Westside til I die
Doesn't the person that "gifts" the car have to pay taxes on it at some point?
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Team B.O.B.® - Ballaz on a Budget
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From: Location Location
even if you gift it dmv can reassess the value. i would just put $500 rather than risk the dmv reassessing the value.
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