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Yes. Here's why:
A person buying a new vehicle can only trade in a vehicle he/she owns personally. So, if you come to the dealer with a car your boyfriend owns, that he gave you to trade in on the car you're buying, the title to the car being traded must first be transferred into your name so that you can legally trade it. Unfortunately, in PA, sales tax is collected by the state every time a car is sold or the title changes hands. In a gift situation, tax is figured on the value of the car, except when a vehicle is given to an immediate family member (such as mother to daughter), in which situation no tax is charged.
However, it can all be done at one sitting, so long as all the documents and ID's are in order.
What else can I help you with?
Can you put a second lien on a vehicle in Indiana?
If I sold a vehicle and the bank did not give me the whole amount owed towards the vehicle or the person buying the vehicle did not pay the remainder of the money can I put a second lien on the vehicle I live in Indiana
Can you trade in a '03 motorcycle that you still owe money on?
Yes, the amount of money that you owe on the motorcycle will be added on to the amount you are borrowing on whatever vehicle you are buying. They will then pay off the title since you owe that money anyhow for the new vehicle.
Deciding on GAP Car Insurance in Florida?
Once a vehicle is driven away from the car dealership, it begins to lose value. Individuals who buy new vehicles can easily owe more than their vehicles are worth after owning them for only a few months. When a new vehicle is stolen or totaled, traditional car insurance will generally only pay the fair market value of the vehicle. The vehicle's owners are responsible for paying the difference between the vehicle's fair market value and the amount that is owed for the vehicle.Guaranteed auto protection (GAP) insurance protects vehicle buyers if their vehicle is lost or stolen by paying the difference between the fair market value of the vehicle and the amount that is still owed on the vehicle. Florida residents who are buying a new vehicle should consider buying GAP insurance. Buying GAP insurance is not always necessary, but in many cases, it is a good idea to purchase a GAP insurance policy.Where Florida Residents Can Purchase GAP InsuranceGAP insurance can generally be purchased at insurance companies that offer traditional car insurance. It can also be purchased at some car dealerships. Dealerships will often charge more for GAP insurance than car insurance companies, so it is important for insurance buyers to search for the best GAP insurance price and coverage.When Buying GAP Insurance is a Good IdeaSome situations where buying GAP insurance is recommended are when the vehicle buyer must pay the car loan for over three years, paid a low down payment, or will put a large amount of miles on the vehicle.GAP insurance only covers the cost of a vehicle if it is totaled or stolen, and it will sometimes pay the deductible for auto insurance. It is important to note that GAP insurance does not pay car payments, for repossessed vehicles, or the fair market value of a vehicle.When Buying GAP Insurance is UnnecessaryGAP insurance is unnecessary if a vehicle is worth the amount or less than the amount that is owed for its loan on the fair market. If the difference between the fair market value of a vehicle and the amount that is owed for the vehicle is small, a person may pay more for GAP insurance than the amount he or she will receive if something happens to the vehicle.
How does a car-buying service work?
A car buying service is more of a broker who helps you purchase a vehicle. However, you can take your vehicle to a dealership or try Auto Trader to sell your vehicle easily.
What is open title?
no, buying vehicle from someone who got the vehicle through a mechanics lien
What should I look for when buying a used wheelchair van?
Buying any used vehicle is tough. You should have a mechanic with you too inspect the vehicle prior to purchase.
How to sell a car as is?
Advertise the car "As Is". Tell the buyer he is buying as is. When you sell the vehicle have the buyer sign a form you have typed up stating the car is being sold "As Is" with no warranty whatsoever, either verbal, written, or implied. Keep that piece of paper for 7 years.
What about buying a vehicle with duplicate title?
A duplicate title can be issued if there was previously a bank that owned the vehicle, this can include a lease or a loan. Once the amount is paid in full, a duplicate title will be issued to person who signed the contract, with the exception of the lien holder listed.
How can you buy a new van without any money?
If you have no money to pay down on this vehicle or do not have a vehicle to trade in that you have no business buying a new van. You should be buying a used van.
Do you need to be advised it's a salvage car?
When buying the salvage vehicle, ensure that you search the history of the vehicle.
What to look for when buying a vehicle?
When buying a vehicle the first thing to consider is what is the vehicle going to be used for. Its no use purchasing a sports vehicle, if you have a family, for example. When you have decided on the type of vehicle, look at the vehicle for signs of wear, if its second hand. Wear on the steering wheel, badly rubbed seats, and different tyres all indicate high usage.
Is buying a used Lexus LS a good idea?
Buying a used vehicle is always a gamble. When purchasing a used vehicle it is best to have some kind of repair knowledge. If you don't then it is best to take the vehicle to an independent party to have it examined and ensure reliability.
