How do I transfer title of a car that’s a gift?

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Q. What do I need to do to transfer a car title that was gifted to me?
— Driver

A. That’s a nice gift.

The process to transfer title of a gifted car is the same as any other title transfer. You can find the step-by-step process on the Motor Vehicle Commission’s website.

But the important part of the transfer being a gift is that there is no sales tax due on the transaction.

To claim the exemption, on the back of the title where it asks for the purchase price, you should write “gift.”

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This story was originally published in July 2024.

NJMoneyHelp.com presents certain general financial planning principles and advice, but should never be viewed as a substitute for obtaining advice from a personal professional advisor who understands your unique individual circumstances.

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