Last post on Mar 10, 2011 at 10:33 PM
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#14 of 15 I've given a car as a gift....
Sep 17, 2010 (12:59 pm)
Several years ago, my FIL passed away. He owned a '91 or '92 Subaru Legacy wagon with 138K on the clock. Stick, PW, PDL, cruise.
At first, my SIL wanted to take ownership since she didn't have a car. However, she didn't have a license - still doesn't, to this day. So, ownership transferred to my wife and I. I got it titled in CO (FIL was in WY), put plates on it and had plans to sell it.
Then, I had the bright idea that my son, in CA, was graduating HS and could use a car. So, I promised him the car if he graduated - this was in February or March, IIRC.
Well, June rolls around and the kid is ready to graduate, by the skin of his teeth. So, I drive the Subaru from CO to CA - 1100 miles at something like 30 MPG - and he's thrilled. Had to teach him to drive stick, but he got the hang of it. Got the title and registration in his name, got it smogged, the works.
He drove the car for a year or so, then his mom's father passed and he inherited enough money to buy another car. So, he sells the Subaru to a close friend of his for, I think $800. She's still driving it to this day.
Mar 10, 2011 (10:33 pm)
Generally people wont give auto as a gift. If they wish, they will gift two wheelers or car to their family members. This is a new thing I didnt heard before gifting auto.