WebDec 23, 2009 · We decided to buy (and finance) a Jeep Liberty for our daughter's use. Everything was going fine until my husband mentioned that we were surprising her with the car for Christmas. Screeching halt! They insisted that there is a law that says you cannot purchase a vehicle for someone else's use. The driver must be on the financing … WebFeb 23, 2024 · Yes. If you can afford it buy them a good, used car. Mostly for your own peace of mind of knowing they are going to have reliable transportation. I wouldn't buy them something fancy or expensive. Just a decent vehicle that will help them get to school and work so they can focus on education and not how they will pay for the car.
Can a Car be Registered and Insured Under Different …
WebMar 14, 2024 · Delaware is one of a few states that has no state sales tax. Of the three counties in Delaware, the only one that has a county tax is Sussex County, at a rate of 6%. However, Delaware does charge a documentation fee of 4.25 % on all automobile sales. This is based on the purchase price or the. NADA book value. , whichever is greater. WebApr 13, 2024 · When their son turned 16 and received his license, his parents allowed him to use a used car from a relative. The son had saved around $5k at that time, and his … how much are blackpool pleasure beach tickets
Guide to buying a car for your teenage child
WebJun 11, 2024 · It all depends on what state you live in. California residents who are gifted a vehicle can apply for a tax exemption at the Department of Motor vehicles. If you live in … WebCan I use the account to buy a car for my child? Or to send the child to private school? Custodial Account Used for Support Yes, you are allowed to use UTMA accounts for items included in a support obligation, regardless of what you read elsewhere. The Minor’s Right to the Money Does the minor have an absolute right to the money? WebMar 2, 2024 · Seventeen-year-olds can’t take out a car loan, or even become a cosigner or co-borrower on one. In the U.S., you absolutely have to be 18 years old in order to legally sign a loan contract. Up until you turn 18, you’re considered a minor by law and can’t enter into a contractual agreement with a lender. how much are blue bloods actors paid