The Affidavit of Gift of Motor Vehicle is essential when transferring vehicle ownership between family members, friends, or other parties without payment. This document became necessary as states sought to prevent fraud in vehicle transfers and ensure proper documentation for tax purposes. It includes specific details about the vehicle (make, model, VIN, year), the parties involved, and explicit statements confirming the gift nature of the transfer. The affidavit must comply with both federal gift tax laws and state-specific DMV requirements, which vary by jurisdiction. It serves multiple purposes, including proving the legitimacy of the transfer, supporting tax compliance, and facilitating vehicle registration in the recipient's name.
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1. Declaratory Statement: Opening statement identifying the donor and their intention to gift the vehicle
2. Donor Information: Full legal name, address, and contact information of the person giving the vehicle
3. Recipient Information: Full legal name, address, and contact information of the person receiving the vehicle
4. Vehicle Description: Detailed vehicle information including make, model, year, VIN, and current mileage
5. Gift Declaration: Clear statement that the transfer is a gift with no expectation of payment
6. Notarization Block: Space for notary verification and seal
1. Consideration Statement: Statement confirming no monetary consideration, used when required by state law
2. Current Market Value: Statement of vehicle's approximate value, used when gift tax implications need to be documented
3. Relationship Declaration: Statement of relationship between donor and recipient, used when required for tax purposes or state documentation
1. Vehicle Title Copy: Copy of current vehicle title showing ownership
2. Vehicle Registration: Copy of current registration documents
3. Odometer Disclosure: Separate odometer reading statement if required by state
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