gifting a car vs selling for $1

When considering transferring a car to a family member, it’s generally more beneficial to gift the car rather than sell it for $1. Gifting simplifies the process, often reducing tax implications and paperwork. Selling for a nominal fee can lead to sales tax based on the car’s fair market value, making gifting the smarter financial … Read moreGifting a Car vs. Selling for $1: Your Ultimate Guide to Vehicle Transfer