How To Register A Gifted Car In Texas

Likewise if someone gives you a car make sure you get the properly signed title.

How to register a gifted car in texas. Application for texas title 130 u original signature of the donor as the seller and recipient as the buyer is required. The first thing that a person who wants to give a vehicle as a gift needs to do is make sure that they are the legal owners of the vehicle. Legal name on the buyer s photo id must match the name on the application for texas title 130 u affidavit of motor vehicle gift transfer. Try calling your old car insurance company to see if they offer policies in texas. Yet regardless of how common the transactions are neither giving nor receiving a car is as simple as watching a title and set of keys change hands.

You and or your son will need to submit those documents in person to your county tax office and pay the 10 gift tax. Application for texas certificate of title form 130 u. After this process is complete then your son will be the titled owner of the vehicle. Update your auto insurance. Affidavit of motor vehicle gift transfer form 14 317.

Title transfers for gifted vehicles. If there is a lien on the car it can not be transferred as a gift. Pay any necessary county fees and the car is yours. When you give someone a vehicle you must sign over the title to that person. To gift a car in texas there are a few forms that need filling out to properly transfer title.

For example if the car sales tax in your state is 10 and you gift a 20 000 car you can save 2 000 on sales tax. Once the paperwork is filled out just go to the county tax assessor s office in the county where the person who died was living at the time of their death. Of course if you buy a car and then gift it you will have to pay sales tax on. The texas title properly assigned to you by the previous owner. Specifically you are required to have coverage of 30 000 for each injured person 60 000 for injuries per incident and 25 000 for property damage.

You will need to bring the car title proof that the car passed inspection proof of liability insurance and the registration fee. A gifted vehicle should include the application for texas certificate of title form 130 u and affidavit of motor vehicle gift transfer form 14 317. To apply for the auto title change of ownership submit the following to your county tax office. Transferring the vehicle title is the first step of the procedure. Plus a 10 gift tax.