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If cosigned on daughters car but the dealership put your name first on title and you want to sign over to her with no taxes Can you sign it over showing her paying you one dollar?
Wiki User
∙ 15y ago
certain states have a gift clause for title transfers, that is to say that you can give a vehicle as a gift and transfer the title without the exchange of money between the two parties. Some people buy cars from private parties and use this to avoid sales tax. (illegally) Check the vehicle codes in the state you live to find out. If they have a gift clause you can gift the vehicle to your daughter without the exchange of money. The only thing you have to do is transfer it in the presence of a notary.
Wiki User
∙ 15y ago
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