GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
is summoned outside where the final gift is waiting on the driveway.
A brand new, or at least new to them, car.
Everyone laughs, cries with joy and hugs.
However, getting a ribbon around an SUV or any other car for that matter, isnt exactly easy.
Neither isfinancially planningfor, finding and purchasing a car expressly to give as a gift.
GOBankingRates talked to some experts to learn how you cansmartly approach giving the gift of a car.
Choose Between New and Used
To get new or go for used?
That is the question.
At least it is for Blake Shaw, automotive expert and author for theAll About Wheelsblog.
Still, that doesnt mean that used cars dont make great gifts.
Be that as it may, if you are well-informed, used cars can provide far more value.
Shaw advised any prospective gift-giver to truly consider what will benefit the cars future driver.
Before you buy them a car, consider their needs.
Do they prioritize fuel economy above all else?
Maybe a hybrid or EV would be the ultimate gift.
is uniquely qualified to offer advice about how to purchase a car as a gift.
His first piece of advice?
Check the cars vehicle history report and service records discreetly, of course.
He said getting a trust mechanic to thoroughly inspect the car is also a wise decision.
Now, its time for the less-than-exciting part of the process.
Transferring ownership to aspouse or family membermay qualify you for a reduction or exemption in some states.
More From GOBankingRates
Share This Article:
