If you want a "big bow" moment, you’ll likely need to buy the car in your name first and transfer the title later.
You can often add the vehicle to your existing policy. how to buy a car for someone
Ensure you have the recipient's full legal name and address for the paperwork. 3. Taxes and the "Gift" Rule If you want a "big bow" moment, you’ll
As of 2024, you can gift up to $18,000 per person without reporting it to the IRS. If the car costs more, you’ll need to file Form 709, though you likely won't owe taxes unless you've hit your lifetime exemption ($13+ million). 4. Insurance (The "Before You Drive" Step) A car cannot legally leave the lot without insurance. the owner's manual
Have a folder ready with the bill of sale, the owner's manual, and a temporary registration tag.