Is it Better to Sell or Gift a Car to a Family Member

If you aim to make money from the transaction, selling the car is preferable. However, if financial gain isn’t a concern and you wish to help a family member, gifting is a suitable option. Remember, gifting a car exempts the recipient from sales tax, but may involve gift taxes depending on the car’s value. If … Read moreIs it Better to Sell or Gift a Car to a Family Member?