A great word template you can use when selling a vehicle. It’s very important you cover your tail with a Bill of Sale that states “Sold As Is”
If you are being “gifted” a vehicle, then this version is more what you are looking for
This can be used when giving a vehicle to a family member so they don’t have to pay taxes on the sale.
All of the conditions that apply when buying a vehicle from an individual in a private sale also apply when buying, inheriting, or being gifted a vehicle from a family member.
However, 6% sales tax isn’t due with vehicle sales or transfers to certain relatives, including the seller’s:
- Spouse
- Parent, stepparent, legal ward, or legal guardian
- Child or stepchild
- Sibling or stepsibling
- Grandparent
- Grandchild
- Parent-in-law (mother/father-in-law)
- Sibling-in-law (sister/brother-in-law)
- Child-in-law (son/daughter-in-law)
- Grandparent-in-law
You can also transfer a license plate to the above relatives during a vehicle sale.
If the vehicle owner is deceased and their surviving relatives want to transfer ownership of the vehicle, the requirements for transferring the registration and title will vary.
