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Subject:
Gettin a car from my Parents.
Category: Miscellaneous Asked by: kitramos-ga List Price: $10.00 |
Posted:
07 Jun 2005 20:10 PDT
Expires: 07 Jul 2005 20:10 PDT Question ID: 530651 |
Currently my mom owns title to two cars. I'm going to be moving down to flordia from minnesota in July and my mom wants to give me one of those cars as a present. how ever we have heard she can't officaly just give me the car even though bouth cars have been complety paid for already. is there truth to this? does she officaly have to sell me the car and if so how small can she set the price tag? (After all she wants to set it at 0) if there is anything we gotta do special to do in order to sell it cheeply or give it away legaly then please tell me. |
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Subject:
Re: Gettin a car from my Parents.
Answered By: richard-ga on 08 Jun 2005 05:24 PDT |
Hello and thank you for your question. Since you're going to be registering the car in Florida, the Florida rules will apply. Question "Is it legal to give a car as a gift to a family member, or do I have to put a dollar figure on it (for example $1)?" Answer "It is legal to give a car to a family member or anyone else, however, a bill of sale or an affidavit should be completed by both parties to verify this information for the Department of Revenue." FAQs on Getting a Hassle Free Title http://www.hsmv.state.fl.us/dmv/faqtitle.html#12 The bill of sale or affidavit can look something like this (since your mother has a Minnesota certificate of title, change "Florida" to "Minnesota" where it asks for the certificate of title number). http://www3.hsmv.state.fl.us/Intranet/dmv/Forms/BTR/82050.pdf Search terms used: florida registry gift car Thanks again for letting us help Richard-ga | |
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Subject:
Re: Gettin a car from my Parents.
From: research_help-ga on 08 Jun 2005 06:11 PDT |
As someone who has received a car as a gift in Florida, I have to disagree with the official answer. You do not need a bill of sale or affidavit. When you transfer the title, there is a place where you indicate the sale price and all you have to do is indicate "gift." |
Subject:
Re: Gettin a car from my Parents.
From: kitramos-ga on 08 Jun 2005 08:15 PDT |
I'm going to hold of on rateing this question untill I've suceffully gotten the car in my name. you get high marks for speed, now the more important part acccurcy will be seen when she makes the offical atttempt to give me the car. if it goes smoothly I'll give you a nice high rating. |
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