What would be your ideal gift during the holidays from a loved one? Would it be your dream car, topped with a big red bow? According to research done by eBay.com Motors, “nearly one-third of Americans have either gifted a vehicle to themselves or to someone else in celebration. . . [of the] holidays.” Often, January is the strongest month for vehicles sales.
Buying a car and gifting a car are two entirely different things. Gifting a car can also mean passing down your used vehicle to your teenager. If you plan on gifting a car this holiday season, what are the guidelines you need to know about? Making a plan is essential.
All the legal challenges you face will pay off when you see the look on the recipient’s face upon receiving your gift. The giant red bow is the cherry on top.
By: KayLynn P.
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