{"id":6162,"date":"2024-11-08T05:33:07","date_gmt":"2024-11-08T13:33:07","guid":{"rendered":"\/wp-site\/?p=6162"},"modified":"2024-11-09T08:24:05","modified_gmt":"2024-11-09T16:24:05","slug":"gifting-a-car-in-north-carolina","status":"publish","type":"post","link":"https:\/\/jerry.ai\/car-loan\/gifting-a-car-in-north-carolina\/","title":{"rendered":"Gifting a Car in North Carolina"},"content":{"rendered":"\n<p>Gifting a car in <a href=\"\/car-insurance\/north-carolina\/\">North Carolina<\/a> doesn\u2019t always come with vehicle taxes, but you will have to go through the process of transferring the car\u2019s title, which includes some fees.<\/p>\n\n\n\n<blockquote class=\"wp-block-jerry-key-takeaway border-primary flex flex-col rounded bg-gray-50 p-6 border-l-0\"><div class=\"flex flex-col md:block md:space-x-1\"><span class=\"has-primary-color text-lg font-semibold\">QUICK LOOK<\/span><span class=\"text-gray-900 text-base\"><\/span><\/div><div class=\"jerry-block-content\" contentclassname=\"text-gray-900 text-base\">\n<ul class=\"wp-block-list\">\n<li>Vehicles gifted from a spouse, parent, or stepparent are exempt from highway use tax in North Carolina<\/li>\n\n\n\n<li>Transferring a vehicle title to a new owner involves filling out several forms and paying applicable taxes and fees<\/li>\n\n\n\n<li>A certificate of title fee in North Carolina is $56<\/li>\n<\/ul>\n<\/div><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Buy-a-car-as-a-gift-in-North-Carolina\">How to buy a car as a gift in North Carolina<\/h2>\n\n\n\n<p>If you\u2019re giving away a new car, you\u2019ll want to get the giftee involved as soon as possible by bringing them into the dealership.<\/p>\n\n\n\n<p>This is because you need to have the car title in hand before transferring the car to your friend or family member. If you\u2019re buying it up front, it\u2019s no problem\u2014you can hand over the title right away.<\/p>\n\n\n\n<p>On the other hand, if you need a little help from financing to buy the car, you\u2019ll want to include the recipient from the get-go. That way, you can guarantee that they won\u2019t hit any legal or financial roadblocks down the line.<\/p>\n\n\n\n<blockquote class=\"wp-block-jerry-key-takeaway border-primary flex flex-col rounded bg-gray-50 p-6 border-l-4\"><div class=\"flex flex-col md:block md:space-x-1\"><span class=\"has-primary-color text-lg font-semibold\">Key Takeaway<\/span><span class=\"text-gray-900 text-base\">You need to have the car title in hand before you can gift a car in North Carolina\u2014so it\u2019s best to bring the recipient into the dealership and sort out the financing together.<\/span><\/div><div class=\"jerry-block-content\" contentclassname=\"text-gray-900 text-base\"><\/div><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Gift-a-used-car-in-North-Carolina\">How to gift a used car in North Carolina<\/h2>\n\n\n\n<p>As long as there are no outstanding loans on the car, you can transfer the title of a car you already own. These are the main steps involved in the North Carolina title transfer process.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Negotiate the terms of the gift with your recipient<\/h3>\n\n\n\n<p>Both you and your recipient should be on the same page when it comes to the terms of your gift.<\/p>\n\n\n\n<p>In <a href=\"\/car-insurance\/north-carolina\/\">North Carolina<\/a>, these are the key costs to discuss with your recipient before you transfer ownership with the Department of Motor Vehicles:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A $56 certificate of title<\/li>\n\n\n\n<li>A $20 vehicle plate transfer<\/li>\n\n\n\n<li>A highway use tax that\u2019s equal to 3% of the car\u2019s sales price (unless you\u2019re giving the car to certain family members)<\/li>\n\n\n\n<li>Long-term costs, like insurance, maintenance, and fuel<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-jerry-key-takeaway border-primary flex flex-col rounded bg-gray-50 p-6 border-l-4\"><div class=\"flex flex-col md:block md:space-x-1\"><span class=\"has-primary-color text-lg font-semibold\">Key Takeaway<\/span><span class=\"text-gray-900 text-base\">The last thing you want is to give a car to someone only for them to be ambushed by its long-term financial expenses. Discussing finances beforehand can help to prevent any awkward misunderstandings.<\/span><\/div><div class=\"jerry-block-content\" contentclassname=\"text-gray-900 text-base\"><\/div><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">2. Record the gift with a bill of sale<\/h3>\n\n\n\n<p>It might seem odd that you need a bill of sale when nothing is being sold and no money is trading hands. In this case, it\u2019s better to think of the bill of sale as proof that you intended to give the car away.<\/p>\n\n\n\n<p>All you need to do is write $0 in the \u201cprice\u201d section of the bill, which indicates that you\u2019re giving it as a gift. Make sure that you and the recipient both sign the bill of sale so that you don\u2019t run into any legal snafus down the road.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Transfer the vehicle title<\/h3>\n\n\n\n<p>Transferring the title is the most important part of all. This is how the car will <em>officially <\/em>change hands\u2014so it\u2019s important to do it right!<\/p>\n\n\n\n<p>These are the steps:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Both vehicle owner and giftee should head to a North Carolina Division of Motor Vehicles (NC DMV) office<\/li>\n\n\n\n<li>Provide North Carolina driver\u2019s license and proof of insurance<\/li>\n\n\n\n<li>Make sure all property taxes are paid<\/li>\n\n\n\n<li>Bring the vehicle title and show that there are no outstanding liens<\/li>\n\n\n\n<li>If the vehicle title still lists a lien, bring a lien release letter from the lienholder<\/li>\n\n\n\n<li>Complete a <a href=\"https:\/\/www.ncdot.gov\/dmv\/downloads\/Documents\/MVR-1.pdf\" target=\"_blank\" rel=\"noopener\">Title Application<\/a> (form MVR-1), <a href=\"https:\/\/www.ncdot.gov\/dmv\/downloads\/Documents\/MVR-180.pdf\" target=\"_blank\" rel=\"noopener\">Odometer Disclosure Statement<\/a> (form MVR-180), and <a href=\"https:\/\/www.ncdot.gov\/dmv\/downloads\/Documents\/MVR-181.pdf\" target=\"_blank\" rel=\"noopener\">Damage Disclosure Statement<\/a> (form MVR-181)<\/li>\n\n\n\n<li>Complete the transfer information on the back of the title (must be notarized)<\/li>\n\n\n\n<li>Complete a <a href=\"https:\/\/www.ncdot.gov\/dmv\/downloads\/Documents\/MVR-613.pdf\" target=\"_blank\" rel=\"noopener\">Highway-Use Tax Exemption Certificate<\/a> (form MVR-613), if the car is being transferred between spouses, a parent and a child, or a stepparent and a stepchild<\/li>\n\n\n\n<li>Pay the title transfer fee<\/li>\n<\/ul>\n\n\n\n<p>Applicable title and registration fees can be found on the <a href=\"https:\/\/www.ncdot.gov\/dmv\/title-registration\/vehicle\/Pages\/fees.aspx\" target=\"_blank\" rel=\"noopener\">NCDOT website<\/a>.<\/p>\n\n\n\n<p><strong>If you don\u2019t have the original title:<\/strong> You\u2019ll need to request a duplicate title before you can proceed. Your new title should arrive within 10 to 15 days.<\/p>\n\n\n\n<p><strong>If the vehicle title is an out-of-state title:<\/strong> The North Carolina DMV office will reference that state\u2019s requirements.<\/p>\n\n\n\n<p><strong>Keep in mind: <\/strong>You might need to go through a car inspection and pass an emissions test within a few months of the title transfer so you can move forward with vehicle registration.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Purchase North Carolina liability insurance\u2014or full coverage<\/h3>\n\n\n\n<p>In the state of North Carolina, <a href=\"\/car-insurance\/liability-car-insurance\/\">liability coverage <\/a>is required by law. Full-coverage auto insurance is also a good idea for most drivers.<\/p>\n\n\n\n<p>Compare quotes from at least three car insurance companies to find the best rate for you or your family member.<\/p>\n\n\n\n<div class=\"wp-block-jerry-cta\"><div class=\"flex flex-col items-start gap-4 rounded-xl border border-zinc-200 px-12 py-8 md:flex-row md:items-center md:gap-14\"><div class=\"flex-1\"><span class=\"text-xl font-black text-gray-900\">Find affordable car insurance in minutes.<\/span><\/div><div class=\"flex-1\"><a href=\"\/signup\" class=\"bg-primary block w-full rounded-full px-14 py-2 text-center font-black text-white hover:no-underline\">COMPARE QUOTES<\/a><\/div><\/div><\/div>\n\n\n\n<div class=\"!mbs-12 !mbe-12 wp-block-jerry-faqs wp-block-jerry-faqs\">\n  <!-- Title -->\n    <h2 class=\"medium-title text-black mb-1.5 pt-12 uppercase\">\n    FAQ  <\/h2>\n  \n  <!-- Accordion -->\n  \n<div class=\"max-w-screen-lg my-6 [&amp;_li:last-child]:border-b-0\">\n<ul class=\"wp-block-jerry-accordion\">\n<li class=\"font-circular flex cursor-pointer list-none flex-col items-start gap-1 border-b border-zinc-200 py-6 text-lg text-slate-500 md:flex-row md:gap-5 wp-block-jerry-accordion-item font-circular flex cursor-pointer flex-row items-start border-b border-zinc-200 py-6 text-lg text-slate-500 is-style-accordion-item-box wp-block-jerry-accordion-item\" data-wp-interactive=\"accordion-item\" data-wp-init=\"callbacks.onInit\">\n  <!-- Accessory -->\n  \n  <div class=\"flex flex-1 flex-col text-gray-600\">\n    <div class=\"flex flex-row items-start justify-between gap-4\">\n      <!-- Title -->\n      <span class=\"accordion-q align-middle text-black font-medium\">\n        Do you have to pay taxes on a gifted car in North Carolina?      <\/span>\n\n      <!-- Icon -->\n      <span class=\"accordion-i text-black font-medium mr-4 mt-1 shrink-0 align-middle transition iconify i--plus\"><\/span>\n    <\/div>\n\n    <!-- Content -->\n    \n<div class=\"jerry-block-content accordion-a mt-5 hidden\">\n<p>If your car is a gift from your spouse, parent, or stepparent, you can have the 3% highway use tax\u2014the sales tax that applies to all vehicle purchases\u2014waived. Otherwise, you might still need to pay a few taxes and minor fees.<\/p>\n<\/div>\n  <\/div>\n<\/li>\n\n\n\n<li class=\"font-circular flex cursor-pointer list-none flex-col items-start gap-1 border-b border-zinc-200 py-6 text-lg text-slate-500 md:flex-row md:gap-5 wp-block-jerry-accordion-item font-circular flex cursor-pointer flex-row items-start border-b border-zinc-200 py-6 text-lg text-slate-500 is-style-accordion-item-box wp-block-jerry-accordion-item\" data-wp-interactive=\"accordion-item\" data-wp-init=\"callbacks.onInit\">\n  <!-- Accessory -->\n  \n  <div class=\"flex flex-1 flex-col text-gray-600\">\n    <div class=\"flex flex-row items-start justify-between gap-4\">\n      <!-- Title -->\n      <span class=\"accordion-q align-middle text-black font-medium\">\n        Is it better to gift a car or sell it for $1 in North Carolina?      <\/span>\n\n      <!-- Icon -->\n      <span class=\"accordion-i text-black font-medium mr-4 mt-1 shrink-0 align-middle transition iconify i--plus\"><\/span>\n    <\/div>\n\n    <!-- Content -->\n    \n<div class=\"jerry-block-content accordion-a mt-5 hidden\">\n<p>Though it\u2019s possible to sell your car for $1, we wouldn\u2019t recommend it: it often takes more work than simply gifting the car and rarely saves you money. On top of that, the contract wouldn\u2019t be based on the <strong>fair market value <\/strong>of the car, so it might not be legally valid.<\/p>\n<\/div>\n  <\/div>\n<\/li>\n<\/ul>\n<\/div>\n\n  <!-- Contact link -->\n  <\/div>\n\n\n\n<div class=\"wp-block-jerry-meet-experts\" data-wp-interactive=\"jerry\/meet-experts\" data-wp-context=\"{&quot;modalVisible&quot;:false}\">\n  <div class=\"font-circular text-2xl font-extrabold text-slate-900\">Expert-driven. Built for you.<\/div>\n\n  <div class=\"my-3\">\n    <div class=\"flex justify-between items-center py-3 border-b border-neutral-200 cursor-pointer font-semibold text-gray-900\" data-wp-on-async--click=\"actions.toggleModal\">\n  <button class=\"text-left text-base\" type=\"button\">\n    Why you can count on Jerry&#8217;s articles  <\/button>\n\n  <div class=\"transition data-[visible=true]:md:rotate-180 text-xs iconify i--chevron-down text-gray-500\" data-wp-bind--data-visible=\"context.modalVisible\"><\/div>\n<\/div>\n<div class=\"modal-backdrop fixed bottom-0 left-0 right-0 top-0 z-50 overflow-hidden overscroll-contain bg-black\/70 font-body transition-transform delay-100 duration-0 md:relative md:z-auto [&amp;:not([data-visible=true])]:translate-y-full [&amp;:not([data-visible=true])]:bg-black\/0 [&amp;:not([data-visible=true])]:md:hidden\" data-wp-init=\"callbacks.onModalInit\" data-wp-on-async--click=\"actions.hideModal\" data-wp-bind--data-visible=\"context.modalVisible\">\n  <div class=\"modal-view fixed bottom-0 left-0 right-0 flex max-h-[75%] w-full flex-col rounded-t-3xl bg-white pb-7 pl-7 pt-3.5 transition md:relative md:rounded-none md:pl-0 md:transition-none [&amp;:not([data-visible=true])]:translate-y-full [&amp;:not([data-visible=true])]:md:hidden\" data-wp-bind--data-visible=\"context.modalVisible\">\n    <div class=\"modal-header md:hidden flex justify-between items-center pb-1 mb-1 border-b border-zinc-200\">\n      <div class=\"modal-title text-base font-semibold\">Summary<\/div>\n\n      <div\n        class=\"modal-close-btn wp-block-group w-11 h-11 mr-2.5 content-center text-center\"\n        data-wp-on-async--click=\"actions.hideModal\"\n      >\n        <div class=\"iconify i--close text-gray-500 cursor-pointer\"><\/div>\n      <\/div>\n    <\/div>\n\n    <div class=\"modal-body pr-7 overflow-y-auto\"><div class=\"wp-block-template-part\"><div class=\"flex flex-row items-center gap-2.5 rounded-lg bg-gray-pink px-4 py-5\">\n  <span class=\"iconify mt-0.5 shrink-0 self-start text-xs text-primary i--shield-check\"><\/span>\n\n  <div>\n    <div class=\"font-body text-xs font-bold text-primary\">Our goal is clear, trustworthy information.<\/div>\n    <div class=\"mt-1 font-body text-xs text-gray-600\">\n      Our content is created, edited and fact checked by a team of licensed insurance agents, automotive pros and\n      experienced journalists who know the industry inside and out. Facts are thoroughly researched, verified and kept\n      current, and our editorial team is separate from our business partners, so our opinions &#038; tips are unbiased. All\n      insights drawn from Jerry\u2019s proprietary, aggregated customer auto insurance quotes data provide unique, real-world\n      guidance.\n    <\/div>\n  <\/div>\n<\/div>\n<\/div><\/div>\n  <\/div>\n<\/div>\n  <\/div>\n\n  <div class=\"text-base font-semibold text-gray-900\">Our experts<\/div>\n\n  <div class=\"my-8 flex flex-col gap-8 items-center justify-center\">\n          <div\n        class=\"meet-experts-item group relative flex h-auto w-full flex-none flex-col justify-between overflow-hidden rounded-3xl py-9 text-sm shadow-variant-card\"\n        data-expand=\"false\"\n        data-wp-init=\"callbacks.onItemInit\"\n      >\n        <div class=\"grid h-full w-full grid-cols-1 overflow-hidden px-8 md:grid-cols-4\">\n          <img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"250\" src=\"\/wp-content\/uploads\/2024\/11\/Samuel-Todd.png\" class=\"size-16 rounded-full md:size-32 col-span-1 md:ml-4\" alt=\"meet-experts-thumbnail\" srcset=\"\/wp-content\/uploads\/2024\/11\/Samuel-Todd.png 250w, \/wp-content\/uploads\/2024\/11\/Samuel-Todd-150x150.png 150w, \/wp-content\/uploads\/2024\/11\/Samuel-Todd-56x56.png 56w, \/wp-content\/uploads\/2024\/11\/Samuel-Todd-120x120.png 120w\" sizes=\"auto, (max-width: 346px) 260px, (max-width: 576px) 432px, (max-width: 720px) 540px, (min-width: 720px) 250px, 100vw\" fetchpriority=\"low\"\/>\n          <div class=\"col-span-3\">\n            <div class=\"my-4 flex-1 content-center font-circular text-lg font-medium text-slate-900 md:mt-0\">\n              Samuel Todd            <\/div>\n\n            \n            <div class=\"text-slate-500 mt-2 leading-6\">\n              <p>Samuel Todd is an insurance writer with over three years of experience writing and editing content for various industries. Samuel specializes in helping car owners understand the ins and outs of what makes a \u201cgood\u201d car, ensuring they always get the best value for their dollar. Since joining Jerry\u2019s team of experts, Samuel has written nearly 200 articles for Jerry on topics including state regulations, common vehicle problems, and city insurance landscapes. Before joining Jerry, Samuel was an editor for Lamplight Books.<\/p>            <\/div>\n          <\/div>\n        <\/div>\n\n        <div class=\"absolute hidden group-data-[expand=true]:flex bottom-0 w-full h-24 bg-gradient-to-t from-white from-30% to-transparent to-100% items-end justify-center\">\n          <div\n            class=\"flex cursor-pointer flex-row items-center gap-2 my-4 font-circular text-primary\"\n            data-wp-on-async--click=\"actions.onItemExpandClick\"\n          >\n            <span class=\"text-sm\">See more<\/span>\n            <span class=\"iconify i--chevron-down text-xs\"><\/span>\n          <\/div>\n        <\/div>\n      <\/div>\n          <div\n        class=\"meet-experts-item group relative flex h-auto w-full flex-none flex-col justify-between overflow-hidden rounded-3xl py-9 text-sm shadow-variant-card\"\n        data-expand=\"false\"\n        data-wp-init=\"callbacks.onItemInit\"\n      >\n        <div class=\"grid h-full w-full grid-cols-1 overflow-hidden px-8 md:grid-cols-4\">\n          <img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"250\" src=\"\/wp-content\/uploads\/2024\/11\/Melanie-Krieps-Mergen.png\" class=\"size-16 rounded-full md:size-32 col-span-1 md:ml-4\" alt=\"meet-experts-thumbnail\" srcset=\"\/wp-content\/uploads\/2024\/11\/Melanie-Krieps-Mergen.png 250w, \/wp-content\/uploads\/2024\/11\/Melanie-Krieps-Mergen-150x150.png 150w, \/wp-content\/uploads\/2024\/11\/Melanie-Krieps-Mergen-56x56.png 56w, \/wp-content\/uploads\/2024\/11\/Melanie-Krieps-Mergen-120x120.png 120w\" sizes=\"auto, (max-width: 346px) 260px, (max-width: 576px) 432px, (max-width: 720px) 540px, (min-width: 720px) 250px, 100vw\" fetchpriority=\"low\"\/>\n          <div class=\"col-span-3\">\n            <div class=\"my-4 flex-1 content-center font-circular text-lg font-medium text-slate-900 md:mt-0\">\n              Melanie Krieps Mergen            <\/div>\n\n            \n            <div class=\"text-slate-500 mt-2 leading-6\">\n              <p>Melanie Mergen is an insurance writer with more than 8 years of writing, research, and editing experience. She\u2019s covered topics like car insurance, home insurance, finance, and car ownership for Jerry. Her mission in doing so is to help people secure and protect their most important assets while making the best possible use of their finances.<br \/>Prior to joining forces with Jerry, Melanie worked as a freelance content writer and editor, a teaching artist, and journalist. She received her Creative Writing MFA from Columbia University.<\/p>            <\/div>\n          <\/div>\n        <\/div>\n\n        <div class=\"absolute hidden group-data-[expand=true]:flex bottom-0 w-full h-24 bg-gradient-to-t from-white from-30% to-transparent to-100% items-end justify-center\">\n          <div\n            class=\"flex cursor-pointer flex-row items-center gap-2 my-4 font-circular text-primary\"\n            data-wp-on-async--click=\"actions.onItemExpandClick\"\n          >\n            <span class=\"text-sm\">See more<\/span>\n            <span class=\"iconify i--chevron-down text-xs\"><\/span>\n          <\/div>\n        <\/div>\n      <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019ve got the vehicle title in hand, you can gift a car in North Carolina by filling out title transfer forms and paying applicable taxes and fees.<\/p>\n","protected":false},"author":19,"featured_media":54665,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jerry_authors":"[{\"id\":\"271\",\"type\":\"main-author\"},{\"id\":\"311\",\"type\":\"editor\"}]","jerry_author_ids":[271],"jerry_idx_page_label":"","jerry_meta_desc":"If you\u2019ve got the vehicle title in hand, you can gift a car in North Carolina by filling out title transfer forms and paying applicable taxes and fees.","jerry_related_posts":"[6079,5177,8452]","jerry_summary":"","inline_featured_image":false,"_lmt_disableupdate":"yes","_lmt_disable":"","footnotes":""},"categories":[16],"tags":[127,161,291,346,363],"class_list":["post-6162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-car-loan","tag-car-title","tag-dmv","tag-north-carolina","tag-state-laws","tag-title-transfers"],"modified_by":"harveen.sran@getjerry.com","_links":{"self":[{"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/posts\/6162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/comments?post=6162"}],"version-history":[{"count":4,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/posts\/6162\/revisions"}],"predecessor-version":[{"id":53110,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/posts\/6162\/revisions\/53110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/media\/54665"}],"wp:attachment":[{"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/media?parent=6162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/categories?post=6162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jerry.ai\/wp-json\/wp\/v2\/tags?post=6162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}