What if the title is already signed?
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What if the title is already signed?
If someone else signed the title, but the car is supposed to be in your name, that person will need to transfer the title to you. First, he will need to obtain a title in his name by going to the state department of motor vehicles, paying the title transfer fee and waiting for the title to arrive.
Can I sell my car to a relative for $1?
Yes, the state will want the fair market value as a sales tax. Good luck convincing them that it's worth closer to $1 than the blue book value. Some US states use the selling price to determine taxes and other use far market value. Either way selling a car for a dollar is a pretty common way to give cars to people.
Can I sell my truck back to dealership?
In most cases, you can sell a car back to a car dealership prior to paying it off, but the amount you receive will need to be enough to pay it off. If the dealer you're visiting has too many of the vehicle you're trying to sell, it may lead to an offer that's lower than what you were hoping for.
