Dear I am writing to express my deepest gratitude for your incredibly generous gift of the car. Words cannot truly capture how much this means to me, and I want you to know how thankful I am for your kindness and thoughtfulness. This car will make...

To gift someone a vehicle, you must transfer the vehicle title to their name and create a bill of sale. Selling a vehicle for $1 instead of gifting it could result in your recipient paying sales tax based on the car's fair market value — it's better to stick with the official gifting process.

While some car owners consider selling the car for a dollar instead of gifting it, the DMV gift car process is the recommended, not to mention more legitimate, way to go.

More info

Do not make copies of the forms prior to completing. These forms have unique transaction numbers that should not be duplicated.The gift letter should begin with the date and contact information of both the giver and the receiver. This includes full names, addresses, and phone numbers. Forms on this website are PDFs with fillable fields. Forms should be downloaded to your computer before filling in the fields. The Electronic Registration and Title (ERT) System allows you to complete and print an Application for Vehicle Transaction(s) (VSD 190). On the rear of your title is a small declaration that's called a "Release of Liability". In addition to signing over the title, you should write up a bill of sale stating that the car is a gift. It probably should be notarized.

Gift Letter Template For Car In Chicago

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

How to write a letter for gifting a car?

Is it better to gift a car or sell for a dollar in Illinois?

Is it better to gift or sell a car for $1 in Illinois?

More info

Trusted and secure by over 3 million people of the world’s leading companies