Lenders typically require the person responsible for payments to be a registered owner. Co-signing allows the recipient to be the primary owner while using your credit profile.

You cannot "gift" a car that still has an active loan. The lien must be cleared and the title in your hand before you can legally sign it over to someone else. 3. Tax and Insurance Considerations

If you want it to be a surprise, you may have to title it in your name first and then transfer it later using a Gift Affidavit to avoid double taxation. 2. Financing Restrictions

Mistakes in these areas can lead to unexpected bills or denied claims. What You Need to Know About Giving a Car as a Gift

You can title the car as " [Your Name] AND [Recipient Name] " (requires both signatures to sell) or " [Your Name] OR [Recipient Name] " (either party can sell independently).