Hey guys, well this past summer my neighbor ended up moving to Montana and I was so lucky to score some things they didn't need or couldn't take with them. One of them being a 1988 Ford Ranger that they gave me for free (it runs and is in pretty amazing shape for the price). Well I had some difficulties getting the title from the owner because they couldn't find it, and had to move during the process. Well, I finally got the title in the mail and have to go down to the DOL to make the transfer. I've never transfered a car before, but I know that they will tax you. If I declare it as a gift (which it truly was) will I still get taxed? Or do I claim that I paid $1 therefore that tax will pretty much be nothing. Any other tips or info would help. I've looked at the website, but wanted to know any real experience.
On a slightly different note I'm really excited for this truck, I'm planning to totally rebuild it with some minor customization and conversion into a street truck with a 302. I've been wanting to rebuild something myself for the fun and experience on something that I wont be upset if I screw up in the process on something I didn't invest much money on intially, plus not having any deadlines for this. Once the title is transfered the tear down begins.
On a slightly different note I'm really excited for this truck, I'm planning to totally rebuild it with some minor customization and conversion into a street truck with a 302. I've been wanting to rebuild something myself for the fun and experience on something that I wont be upset if I screw up in the process on something I didn't invest much money on intially, plus not having any deadlines for this. Once the title is transfered the tear down begins.