Question: How Do I Transfer A Car To A Family Member In Massachusetts?

Can you sell a car to a family member for $1?

Yes, it is totally possible.

Just make sure you have a Bill of Sale for legal reasons to protect both of you.

The DMV will want their fair share of taxes based on the car make, model, and year.

If you do somehow get it registered at the DMV, you will likely get a bill a few months later for a fair value of taxes..

What is needed to register a car in Massachusetts?

What you needA completed Registration and Title Application.The previous owner’s certificate of title or the previous owner’s registration and bill of sale for vehicles that are exempt because of its age.Applicable fee.

Is it better to gift a car or sell it for a dollar?

If there is any money owed on the vehicle, it is best to pay that money in full, before giving the vehicle as a gift. If you fail to meet all financial obligations regarding the car, you won’t be able to gift a car or transfer a car title, because you will not own the car outright.

How do you transfer a car title in Massachusetts?

To change information on your vehicle title, you need:Certificate of title (original only, no copies)A completed title amendment form. Please check the appropriate boxes and fill in all the required information. … Any other documentation relevant to the correction.Title amendment fee.

How much does it cost to transfer a car title in Massachusetts?

It costs $75 to transfer a title in Massachusetts, plus a 6.25% sales tax and registration fees (registration fees vary by plate type).

Can you gift a car to a family member in Massachusetts?

Massachusetts does allow you to transfer a car between immediate family members. Fill out the back of the title as if selling it to your child, brother, sister, or spouse and write, “Gift,” in the purchase price area of the assignment.

Is it better to sell or gift a car to a family member?

The buyer is responsible for sales tax on the actual sale value of the vehicle, and you aren’t liable for penalties even if the buyer never pays. This may make selling a car a better option than giving it to a friend or family member, which could cause the gift tax to come into play.

Can you transfer license plates to another person in Massachusetts?

The purchaser of a new vehicle can transfer plates from another vehicle and has 7 days to register the vehicle ONLY if the owner loses possession of the vehicle the plates are being transferred from before purchasing the new vehicle.

Do you need a title to register a car in MA?

The Massachusetts title law requires that all motor vehicles and trailers be titled within 10 days of purchase. Passenger vehicles with a model year of 1980 and older, purchased before November 26, 1990 are exempt from titling. Trailers that are 3,000 pounds or less are also exempt and do not need a title.

How do you sign over a title in Massachusetts?

After you’ve received payment from the buyer, sign the title over to them. On the back side of the title you’ll find an area where you can fill out the particulars of the sale and then endorse the title so that it can be transferred by the buyer at the Massachusetts Registry of Motor Vehicles (RMV).

Can you gift a car to family member?

When you sell or want to transfer ownership of a vehicle, you should give the new owner a document that proves their entitlement to register the vehicle. … The process is the same if you want to transfer registration to a family member.

Is it better to gift a car or sell for a dollar?

If you do have to pay taxes on your gifted vehicle, the state uses the vehicle’s fair market value to calculate the amount you have to pay. While some car owners consider selling the car for a dollar instead of gifting it, the DMV gift car process is the recommended, not to mention more legitimate, way to go.

Can I drive a car without plates if I just bought it in Massachusetts?

Massachusetts law allows a vehicle owner to remove the current registration plates form a registered vehicle the owner has sold, transferred or otherwise lost possession of, and attach the plates to a newly acquired vehicle.

How much is tax title and registration in MA?

Vehicle registration fee: $60. Add or delete a lien holder on car title: $25. Certificate of title transfer fee: $75. Registration gift tax transfer: $25.

Can someone else register my car for me in Massachusetts?

Only the person whose name is on the registration can submit it and receive the new plates. … Even when renewing registration, you can have someone else do it. She also said to never trust an insurance agent regarding RMV questions unless they offer to go handle the registration for you.