Can I buy a car and put it under someone else's name?

If you purchase a car for someone else, you have the option to have the loan in your name or to cosign with the individual you're buying it for. The only way to buy the vehicle as a surprise is to put in the loan in your own name. The title may be registered under both names.

What happens if the buyer doesn't sign the title?

Have both parties sign it, create a copy, and then send the bill of sale to the DMV. If anything happens and the buyer fails to register the car, you'll have the proof needed to say the car's ownership has been transferred and it is no longer in your name.

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California Name Affidavit of Buyer

Ca Name Affidavit

Name: California Name Affidavit of Buyer
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.68 (208 reviews)

Category:

California Real Estate - Closings

State:

California

Control #:

CA-CLOSE5

Format:

Instant download

Description Name Affidavit Buyer

The Buyers Name Affidavit is for the Buyer to provide a statement of his or her legal name and signature, as well as to certify to other "known as" names. Many times persons sign documents in different ways and the name affidavit is necessary to clarify that the signatures are one and the same person. i.e. John Jones, John T. Jones and J.T. Jones are one and the same person.

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How to fill out California Name Affidavit Of Buyer?

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To begin, complete your signing up procedure by providing your email and making a security password. Follow the steps listed below to make your account and get the California Name Affidavit of Buyer template to deal with your circumstances:

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FAQ

Selling a car means that, as the original owner, you don't have to pay any tax.This may make selling a car a better option than giving it to a friend or family member, which could cause the gift tax to come into play. According to the IRS, any gift worth more than $13,000 is liable for gift taxes, as of 2010.

If you purchase a car for someone else, you have the option to have the loan in your name or to cosign with the individual you're buying it for. The only way to buy the vehicle as a surprise is to put in the loan in your own name. The title may be registered under both names.

The procedures for transferring ownership are similar to buying or selling a car: the donor must include the odometer disclosure on the title, both parties must sign and date the title, and the recipient must go to the DMV and apply for a a new title in his/her name and pay the transfer fee. Making Name Corrections.

Directly under the statement Assignment of title by registered owner, write in the date the car was sold. On the next line, write in the name or names of the buyers and their address. On the next line, write in the odometer reading. Where it says Signature(s) of buyer, the buyer or buyers must sign the title.

The following line says Signature of buyer. The buyer should sign on this line. Next to that, the buyer should print their name. Note that if two people are taking ownership of the car, both people must fit their names on the same lines. The next line says Name of seller. The seller should print their name there.

In simple situations where you own the vehicle outright and wish to transfer ownership to someone else, all you must do is complete a title certificate. Once you have filled out and signed the certificate, the buyer or recipient can take the title to a local DMV office and officially transfer ownership.

The buyer must complete the back top portion of the title. Legibly write your resident address to ensure your new title is mailed correctly. Ensure you sign and date next to your drivers license number. If you do not have a drivers license write in your identification card number instead.

Have both parties sign it, create a copy, and then send the bill of sale to the DMV. If anything happens and the buyer fails to register the car, you'll have the proof needed to say the car's ownership has been transferred and it is no longer in your name.

After the payment has been transferred, the seller needs to sign the title over to the buyer (instructions are normally provided on the back). The seller will then need to contact the DMV within 5 days to transfer ownership and release themselves from any liability for the vehicle.

Ca Name Affidavit

Description Name Affidavit Buyer

Name Affidavit California Related forms

How to fill out California Name Affidavit Of Buyer?

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FAQ

Is it better to gift or sell a car to a family member?

Can I buy a car and put it under someone else's name?

How can I put my car in someone's name?

How do you fill out a California title?

How do you sign a title over to a buyer?

How do you put a title in someone else's name?

What part of the title does the buyer fill out?

What happens if the buyer doesn't sign the title?

Do I give the title to the buyer?

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Ca Name Affidavit

Description Name Affidavit Buyer

Name Affidavit California Related forms

Related legal definitions

How to fill out California Name Affidavit Of Buyer?

Show more info

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