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    jjlex's Avatar
    jjlex Posts: 21, Reputation: 1
    New Member
     
    #1

    Jul 28, 2008, 11:37 AM
    How to sell a car belonging to my friend
    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    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's Avatar
    jjlex Posts: 21, Reputation: 1
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    #3

    Jul 28, 2008, 01:43 PM
    Thanks for the response!

    You mean we can change the title without actual selling the car?
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
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    #4

    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #5

    Jul 28, 2008, 04:00 PM
    At least, in NYS you can transfer title without money changing hands. Check with your local DMV.
    jjlex's Avatar
    jjlex Posts: 21, Reputation: 1
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    #6

    Jul 28, 2008, 04:21 PM
    Thanks a lot for you guys suggestions!

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