Selling a Car to a Friend for $1

Quick Answer: Selling a car to a friend for $1 is legally possible but involves important considerations. To ensure a smooth transaction, both parties should understand the implications, and the process should be well-documented. Factors to consider include sales tax, potential gift taxes, and adhering to the official gifting process. 1. Ownership and Loan Status … Read moreSelling a Car to a Friend for $1: A Comprehensive Guide