Any idea how much a transfer of title would cost? Basically, I am driving a car that has my dad's name on it and I want to change that to mine. The only problem is it would not be worth it if there are prohibitive costs or taxes to be concerned about.
http://www.txdot.gov/drivers_vehicles/vehicle_titles/default.htm Fees When you apply for a vehicle title, you must pay the motor vehicle sales tax, which is 6.25 percent of the purchase price, or if buying a used vehicle from a private party, the standard presumptive value. You will also be charged a title transfer, registration and local fees. Your county tax office can tell you the exact amount you must pay. For more information about vehicle title transfers, please read our FAQs, call us at (512) 465-7611 or send us an e-mail.
http://www.txdot.gov/drivers_vehicles/vehicle_titles/std_presumptive_value.htm Vehicles Not Subject to Standard Presumptive Value Taxation New vehicles Vehicles purchased from licensed dealers Vehicles purchased at a governmental or foreclosure auction Vehicles 25 years old or older Off-road vehicles, such as dirt bikes or all-terrain vehicles (ATVs) Salvage or abandoned vehicles (except rebuilt salvage vehicles) Vehicles sold through a mechanic or storage lien Vehicles given as gifts Even-trade vehicles, when vehicles of equal value are swapped by the owners
http://www.dmv.org/tx-texas/title-transfers.php Here's the form you have to fill out: http://www.dot.state.tx.us/txdotefo...eportError.jsp&configFile=WFServletConfig.xml The "gift tax" is $10. The applicatin fee is between $28 and $33. So it will cost you roughly $40 total. I think you handle all this at a county tax collectors office. There are a handfull in and around Houston. You don't have to go downtown if you don't want to.
