I'm looking to trade my tC for another tC here. I have a quick question about transfer of title. I'm trying to keep the cost minimal as possible. Instead of selling I want to "gift" the car, can I put the value of gift any value, like lets say $0, or Do I have to put like $18k. If it's a gift will it still be taxed? If not, what if me and the other trader both "gift" our cars. Thanks for peeping this thread.

OR if I'm taxed on the vehicle, can I "sell" him the car for $1?

If you gift the car you dont have to put a value on it. U just have to pay the title transfer fee which is 15$. You dont get taxed either.

If you gift the car you dont have to put a value on it. U just have to pay the title transfer fee which is 15$. You dont get taxed either.

If I put x amount for the value of gift than still no Use tax?

I don't think so You can put its worth 10$ it doesnt matter.

Thanks man, thing was frustrating me. I was just comparing it to Christmas. If I give someone a gift I don't tell them how much it's worth and I don't pay taxes cause of it, than why can't it apply to cars?

Yayyy, good to know.

I also got a question, I have a unsettled ticket, if I switch titles, the ticket stays with me and not the car right?

Yayyy, good to know.

I also got a question, I have a unsettled ticket, if I switch titles, the ticket stays with me and not the car right?

I'm not sure about that one. I went to the DMV today about my pink slip. The lady said I can just fill out the form for a transfer of duplicate pink slip.

I just found out that if you "gift" a car to someone, the person you give it to will have to pay tax on it. It is viewed as income when it is a gift.

I just found out that if you "gift" a car to someone, the person you give it to will have to pay tax on it. It is viewed as income when it is a gift.

Damn really? I was afraid of something like that. Even if I do it as a sale, they would still have to pay taxes huh?

are we able to set the value of the gift?

are we able to set the value of the gift?

yeah, but imma call the DMV tomorrow. I dont see why they should get so much money off of this

damn trivecta, i don't know anymore about this, i just talked to my homeboy and he says theres kind of no way out of the fee, i'm going to call dmv 1 more time tomorrow though

The way you get around this is when you do the deal, put that you sold it for like $1-whatever amount you want. this way it isn't viewed as income and they will only have to pay for the title transfer and registration.

So we're allowed to gift/sell the cars for $1? Its not like, illegal or anything?

Seng lemme know what the DMV says when u call em....

Cali is whacked...You dont even get a tax credit when trading a car in....

What if I put the sale value at lets sat $2000? just to be somewhat realistic and tell them the engine is blown and car needs repairs due to hydrolock... estimated vaule of repair would be $8.000 and that is why i'm selling at $2000?

So what if he does the stated above, so I would have to pay the $180 use fee, and I gift my car to him so his would be exempt free? Can it work like that, cause i have the transfer title form in front of me, if we do 2 gifts i think they would be suspect and know that it's a trade. In the gift portion it says no individual trade. Will this plan work or will it flop? I did no reread what I wrote sorry for any grammatical mistakes

I asked some friends and they told me gifting is free, but one said he had a pay a percentage of the price that was paid for the truck. Is there no way we can just switch titles...without gifting or selling it to each other?

http://www.dmv.ca.gov/pubs/brochures/howto/htvr3.htm

It's all there

http://www.dmv.ca.gov/pubs/brochures/howto/htvr3.htm

It's all there

Read it, been doing a lot of research on it too. If you see the Reg 256 statement of fact form there is the option to gift, but...... right next to it says does not include vehicles traded between individuals. If we both do trade than it might be suspicious and is consider government fraud (deep dodo). The only legit way is to have 1 gifted and another buy a car for a low price for lower Use Tax (this is not necessarily illegal) because it is not really a trade... haha. Al of this seems like a big hassle right now, but I don't see any other way around the Use Tax....

Other ways to to avoid Use tax is to have my parents adopt trivecta or have him as my spouse haha so it would be considered transferred between family

^Lol

about selling the car for 2grand because it needs a motor rebuild, would the DMV then change the title of the car to non-operational or something along those lines?

How about not using the word trade?
Just say you are gifting the car to each other.

Or gift the car to each other at different times to avoid suspicion?

Or gift it to someone else in your families so that no owner is gifting and receiving?

How about not using the word trade?
Just say you are gifting the car to each other.

Or gift the car to each other at different times to avoid suspicion?

Or gift it to someone else in your families so that no owner is gifting and receiving?

Yeah but I think it might be too suspect. Gifting the car at different times can cause problems like if im driving a car without the title being under my name and getting into an accident, it would just be a mess.

Thought about the family one too, but my family up north. My dad has a different last name so it is plausible.

Trivecta if you were willing to try the $2000 I am

Yea, lets call the DMV next week to find out for sure, as least as far as selling the car as non-operational goes. Or if theres any other way they didn't state online to switch titles.

Yea, lets call the DMV next week to find out for sure, as least as far as selling the car as non-operational goes. Or if theres any other way they didn't state online to switch titles.

Alright sounds good, I'll probably stop by the DMV on tuesday than

Hmnnkay I just got off the phone with the DMV... seemed like the guy had an unsure answer. He just said put it as a sell and value at $0 and we shouldn't be taxed on it. I don't know how much I want to trust his word since he did not even know what a scion was.... Also cause he said "I need to go, we've been on the phone for too long", he spent 10 minutes searching up scion tc haha, i ha to give him my plate numbers for him to look it up cause he couldn't find it on kbb. I think I'm going to go in the DMV again haha

-.- lol, well ima hope that when u goto the DMV, they tell u the same thing, no tax :P

I just got back from the DMV, the lady spoke really soft and leaned towards me so no one would hear haha. She said put it has a gift and just put the gift value, they'll never know. Haha I don't know what to do anymore. She said if I really wanted the legit way, she gave me a USE tax clearance form and told me to call and ask for exemption. One guy told me it's taxable and hung up on me and I could not get ahold of any other district of the BOE (Board of Equalization).

hmm...so we could possibly get an exemption? or just put it as a gift lol