Many of us parents have considered whether or not we would
be wise to give the gift of an automobile to our child for Christmas. The thought of how their young face will
light up with delight when they realize what is “under” the tree this year can
bring a parent as much joy and delight as it does their recipient kid. However, to do the automobile gift giving
right, you must follow several steps put forth by the state of
Pennsylvania.
So, before you undertake this magnitude of gift giving, lets us help you make sure you have crossed all of your merry “t’s” and dotted all of your holiday “i’s”! We will examine the steps need to do this in the state of Pennsylvania.
So, before you undertake this magnitude of gift giving, lets us help you make sure you have crossed all of your merry “t’s” and dotted all of your holiday “i’s”! We will examine the steps need to do this in the state of Pennsylvania.
- To get started, make sure you have the vehicle title.
- If you’ve lost the title, you’ll need to apply for a replacement before you can gift the auto.
- PennDOT requires that you work with a notary to transfer a vehicle to your child.
- You’ll need to take your driver’s license and a recent bank statement, pay stub or utility bill with you to complete the title transfer.
- The recipient of the gifted vehicle will need to accompany you to the notary.
- The two of you will need to fill out the applicable sections of the title document to complete the transfer and sign it.
- Both the gift giver and recipient need to complete an Affidavit of Gift document (form MV-13ST) while at the notary.
- And with check or money order, the title transfer fee will need to be paid to complete the transaction.
- Following the completion of the transaction, your kid has ten days to get the vehicle inspected by a garage or mechanic.
- Of course, auto insurance in order to legally drive the vehicle is a must-have as well.
Another angle of gifting an automobile is that of charitable
giving. Donating your vehicle to an
automotive charity drive as part of your yearend giving is both an admirable thing. Before giving, make sure you are familiar
with the donation requirements of your state.
In Pennsylvania, if you want to donate a vehicle, you must fully own the
vehicle and need to have the title to accompany it, or you cannot donate
it. If you’ve misplaced the title, than
apply for a replacement before donation.
If you decide to gift or donate a vehicle this Christmas
season, make yourself familiar with your states requirements, follow those steps
and you can take some of the tedium out of the process. Tis the season and we wish you ‘happy
automobile giving and donating!’
Information for this
article was sourced from www.DMVanswers.com.
No comments:
Post a Comment