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Gifting a Vehicle

Can I give me child my car to use as a trade-in and save on taxes? Yes and No. This all depends on your state's tax rules. But typically in most state's you can gift your vehicle to immediate family, which they can trade-in and lower the tax liability. Please see your local tax office for more information. Now, if you do live in an area where this is allowed by law, you have every right to do so, even if the dealer does not want to fill out the extra paperwork.

Posted 11-07-2017 -



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