You can title the car as " [Your Name] AND [Recipient Name] " (requires both signatures to sell) or " [Your Name] OR [Recipient Name] " (either party can sell independently).
If you want it to be a surprise, you may have to title it in your name first and then transfer it later using a Gift Affidavit to avoid double taxation. 2. Financing Restrictions buying a used car for someone else
You cannot "gift" a car that still has an active loan. The lien must be cleared and the title in your hand before you can legally sign it over to someone else. 3. Tax and Insurance Considerations You can title the car as " [Your
It is generally illegal (and often considered loan fraud) to take out a loan for someone who cannot qualify themselves and then immediately transfer the title only to them. Financing Restrictions You cannot "gift" a car that