REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Auto Chat

Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n

Reply
 
Thread Tools
Old 06-15-2018, 07:35 PM   #1
Proud to be called a RS Regular!
 
und3f3at3d's Avatar
 
Join Date: Mar 2015
Location: Vancouver
Posts: 109
Thanked 122 Times in 42 Posts
Selling Vehicle for Friend

My good friend just secured a job overseas and is going back to pursue his career, and probably won't be back for a few years. He has a car here and wants to sell it later as his father is currently using it, but will be moving back also later in the year.

He wants me to help him sell it after his dad has left too, as his dad is older and lacks the online skills to post ad, show car, answer questions, etc. So my question is

1) Can he transfer the vehicle to me as a gift without taxes? (I would merely be selling it for him later and transferring him the funds after)

2) Can I be added as a joint owner on the vehicle and not have to pay taxes? (That way I can get his signature on the transfer form first, and I can sign the other half when I sell it)

Anyone with experience with this please chime in. Thanks
Advertisement
und3f3at3d is offline   Reply With Quote
Old 06-15-2018, 08:02 PM   #2
I don't get it
 
Join Date: Nov 2015
Posts: 416
Thanked 463 Times in 147 Posts
604-661-2800

You are going to have to call them regardless so why not just call them?
prudz is offline   Reply With Quote
Old 06-15-2018, 08:04 PM   #3
Rs has made me the woman i am today!
 
oldsnail's Avatar
 
Join Date: Jun 2002
Location: Victoria
Posts: 4,193
Thanked 376 Times in 181 Posts
You can have your friends Dad pre-fill the transfer forms in advance.
Once it is ready to sell, enter the amount on there, submit.

It is not worth Evading tax. the purpose of gifting is not so other people can help them sell cars.

It will also register another owner when transferred.

Last edited by oldsnail; 06-16-2018 at 02:13 PM.
oldsnail is offline   Reply With Quote
This post thanked by:
Old 06-15-2018, 10:23 PM   #4
Where's my RS Christmas Lobster?!
 
nsx042003's Avatar
 
Join Date: Aug 2011
Location: Richmond
Posts: 823
Thanked 772 Times in 282 Posts
^This, pre-sign transfer forms. Do a few, in case mistakes happen when filling the rest of the thing out and that's it, they still own the car and you are just helping.
__________________
Current Stable:
'02 Lexus LS430 - Black Cherry
'04 Lexus IS300 - Dark Grey Mica
'02 Suzuki GSXR 750



MPS Oil Service Limited - We bring oil changes to you!
www.mpsoil.com
nsx042003 is offline   Reply With Quote
This post thanked by:
Old 06-16-2018, 12:17 AM   #5
Head of HR....have a seat on that couch
 
fliptuner's Avatar
 
Join Date: Jan 2003
Location: Coquitlam
Posts: 21,170
Thanked 14,481 Times in 3,999 Posts
Quote:
Originally Posted by nsx042003 View Post
^This, pre-sign transfer forms. Do a few, in case mistakes happen when filling the rest of the thing out and that's it, they still own the car and you are just helping.
Just playing devil's advocate but that's the same reason curber's give when they're selling a car that's not in their name.
__________________
feedback

Originally posted by v.b.
can we stop, my pussy hurts...
Originally posted by asian_XL
fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol
Originally posted by Fei-Ji
haha i can taste the cum in my mouth
Originally posted by FastAnna
when I was 13 I wanted to be a video hoe so bad


RSUV #7
fliptuner is offline   Reply With Quote
Old 06-17-2018, 08:42 AM   #6
What hasn't Killed me, has made me more tolerant of RS!
 
G0rilla's Avatar
 
Join Date: Feb 2017
Location: VAN604
Posts: 171
Thanked 510 Times in 93 Posts
Sorry to hijack the thread, but I'm in a similar situation. My friend wants to keep his car, but he will be back once a year. In the meanwhile he wants me to take care of the vehicle (authorizing maintenance, storage, drive it around here, replacing parts), but I understand to do those things I need to be the registered owner or at least be joint owner of the vehicle. I'm not purchasing the car at all but hes wants to add me as a registered owner so I can act on his behalf.
G0rilla is offline   Reply With Quote
Old 06-17-2018, 04:12 PM   #7
I'm invisible
 
Edison_Chen's Avatar
 
Join Date: Jun 2002
Location: 604 Vancouver
Posts: 4,414
Thanked 159 Times in 90 Posts
Quote:
Originally Posted by G0rilla View Post
Sorry to hijack the thread, but I'm in a similar situation. My friend wants to keep his car, but he will be back once a year. In the meanwhile he wants me to take care of the vehicle (authorizing maintenance, storage, drive it around here, replacing parts), but I understand to do those things I need to be the registered owner or at least be joint owner of the vehicle. I'm not purchasing the car at all but hes wants to add me as a registered owner so I can act on his behalf.
I think for being on as a joint owner, there are there are things you can and canít do. I think you can buy storage policy without the other owner. You canít reduce certain things the ICBC coverage and so on. I would check with a broker or call ICBC.

You could probably help him buy day permits, if he provides you with like a Letter of authorization.
__________________
REVscene.net
Edison_Chen is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 08:58 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net