View Full Version : How to sell a car belonging to my friend
jjlex
Jul 28, 2008, 11:37 AM
My friend helped me bought a car, but this car is bought in my friend's name. That is, although I paid everything, this car belongs to my friend lawfully. Now my friend is moving to other state. I'm wondering how can I sell this car when later I leave this state too. Is it enough that my friend leave me an authorization for selling the car? Can somebody give me any suggestions?
Thanks!
ScottGem
Jul 28, 2008, 11:39 AM
Why doesn't your friend just sign over the title to you. Your local DMV can tell you how.
jjlex
Jul 28, 2008, 01:43 PM
Thanks for the response!
You mean we can change the title without actual selling the car?
progunr
Jul 28, 2008, 02:07 PM
Not sure about all jurisdictions, but I don't think most will transfer the title without a sale.
He could sell you the car for $50.00, thus limiting the amount of tax you will have to pay.
He might even be nice enough to write you a bill of sale, and happen to forget about getting the $50 from you??
ScottGem
Jul 28, 2008, 04:00 PM
At least, in NYS you can transfer title without money changing hands. Check with your local DMV.
jjlex
Jul 28, 2008, 04:21 PM
Thanks a lot for you guys suggestions!