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Lets say I have a "friend" in which all of the family cars are in his name. And this seems to drive his wife crazy. So in an effort to put this hot button to rest, he would like to transfer ownership of a car into her name. How would he go about this. And is it going to cost money to transfer the title (taxes?) and tags.

My "friend" would like to thank everyone in advance for any advice.

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Richard Casto
1972 Porsche 914
2013 Honda Fit Sport
2015 Honda Fit EX
http://motorsport.zyyz.com
Money can't buy happiness, but somehow it's more comfortable to cry in a Porsche than a Kia.

I don't think the state will recognize the transfer of a car with in the family that I'm aware of, but I hope I'm wrong as I'll need to do the same thing myself. At a minimum, you'll need to transfer the title and pay what ever associated tax value of the car in question when you apply for the new title and tags.

Let me know how your friend fairs in this deal

BTW, with the car now in another persons name, you need to make sure that your ins company is aware. Is your friend and your wife, er, friends wife already on the same policy? If the wife is the sole owner, then you may need a new policy. Just something to watch out for....

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Rodney

'08 Bullitt mustang, CAM 7
Autox VP '09-'10, President '11-'12, interim President 2nd half of ‘14
proud recipient of the Bowie Grey service award '12
Now just a guy driving a mustang....

when I was 16, my dad added me to the title... later we removed his name. He said this was to avoid costs of "selling" the car.

Dont know how useful that is to you... i mean your friend

If a family member dies and the car is gifted to someone within the family, there are no state use taxes due. I bet something similar to this can be done. All you would pay would be the $40 title fee.

I would call the NC DMV at 919-715-7000 and ask directly. - AB

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'14 Toyota Sequoia Platinum 4WD
Super Westerfield Bros - '93 Integra - LeChump Du Jour
STX 93 - Scion FR-S

I think the easiest solution to this problem is to sell all the cars and buy new ones. Or, keep all the cars as is, and your friend could buy his wife a new car and keep it in her name.

NCDMV says:

Vehicles already titled within North Carolina have certain exemptions from the Highway Use Tax (HUT) such as:

An insurance company obtaining a salvage title for a vehicle for which a total loss claim was paid.

When transferring a title to a manufacturer or retailer for the purpose of resale.

When making a name-change or name-correction to a title.

If the vehicle is transferred by a will or intestacy.

If the vehicle is a gift between a husband and wife, a parent and child or a stepparent and a stepchild. This exemption does not include out of state title transactions, only North Carolina title transactions apply.

If the vehicle is transferred as a result of the distribution of marital or divisible property incident to a marital separation of divorce.

To a handicapped person from the Department of Health and Human Services after the vehicle has been equipped by the Department for use by the handicapped.

To a local board of education for use in the driver education program of a public school when the vehicle is transferred by a retailer and is to be transferred back to the retailer within 300 days after the transfer or transferred by a local board of education.

To a volunteer fire department or volunteer rescue squad that is not part of a unit of local government, has no more than two paid employees, and is exempt from State income tax under G.S. 105-130.11, when the motor vehicle is one of the following:
A fire truck, a pump truck, a tanker truck, or a ladder truck used to suppress fire.
A four-wheel drive vehicle intended to be mounted with a water tank and hose and used for forest fire fighting.
An emergency services vehicle.



http://www.ncdot.org/dmv/vehicle_servic ... e.html#HUT Exemptions


So, you....err, your friend....will only have to pay the title transfer fee, and notary fee (if necessary). Should be ~$50 or so IIRC.

Tell her 1. it is a commuity property state, she owns half of it anyway 2. If I put it in your name you are going to be responsible for taxes.

ON the insurance front. the named insured definition includes the spouse. Good insurance agents list both the Spouses as named insureds to make sure there is no issue anyway.

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2002 MCS, 2003 MCS Track Rat, 2003 Generic White Yukon, 2003 BMWk1200rs, 1973 CB350F, 02 996. 08 Cayenne Turbo
http://www.clinehallagency.com

Thanks for all of the tips. I thought there was some type of transfer within immediate family clause. I am (I mean my friend is) OK with some reasonable fees, but didn't want to pay taxes on it again.

Regarding the community property argument... Yeah, that didn't quite work even though she understands it.

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Richard Casto
1972 Porsche 914
2013 Honda Fit Sport
2015 Honda Fit EX
http://motorsport.zyyz.com
Money can't buy happiness, but somehow it's more comfortable to cry in a Porsche than a Kia.

Just tell your "friend's wife" to take the car she considers "hers" and go trade it in on a brand new car of her choice. Then she can get it titled in her name.

So if I put a fire extinguisher in the Miata, it could be used for fire suppression....

I'm guessing with the transfer of the name on the title, the responsibility of maintaining the car will not transfer with it?

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Stephen Westerfield
2009 Infiniti M35 | 2007 Honda Fit Sport | 2005 Ford Mustang GT |2000 GMC Sierra |1992 Acura Integra LS | Super Westerfield Bros Acura Integra

Whatever you do, don't put the car in both of your names. It makes selling it a PITA because you both have to fill out the paperwork. (found this out the hard way)

Make sure that your "friend's" wife realizes that your friend can not handle the paperwork when it comes time to trade the vehicle and that she will be responsible for having all of that taken care of. I'm working off the assumption that prevoius car buying responsibilities were left up to the friend, so the wife may not be aware of this little detail.

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In need of car.

I will drop the "friend" thing as its too hard to keep typing. In case you haven't figured it out, it's me. Ok, it was pretty clear it was me. Anyhow...



She would take care of it. Problem is that my idea of proper maintenance her hers are two different things. So that is my fault in that I can't walk away from handling it.



Actually that is why they are currently in my name only. I generally do the paperwork, so it has been easier for my name to be on everything.

She would kill me if she knew I was posting this here. I don't want to give her a hard time about any of this.

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Richard Casto
1972 Porsche 914
2013 Honda Fit Sport
2015 Honda Fit EX
http://motorsport.zyyz.com
Money can't buy happiness, but somehow it's more comfortable to cry in a Porsche than a Kia.