Are you thinking of giving a car as a gift? Maybe you’re ready to upgrade and don’t think you’ll get much in resale. Maybe you’re a grandparent who knows a hard-working teen who deserves a new ride. Or maybe you’re just a super generous person.
Whether it’s for a loved one, charity organization or friend, handing the keys to someone can be an exciting and rewarding moment. Before rushing into it though, there are certain legal and insurance responsibilities that you should consider beforehand. Giving a car comes with plenty of paperwork – from transferring title to ensuring proper registration – so take some time and read through these 8 things to know before gifting away your vehicle!