Buying A Car For Someone Else To Drive 〈CERTIFIED〉
If you keep the title, you remain the legal owner. You will be responsible for registration renewals and may be liable for certain traffic violations or accidents involving the vehicle. 2. Financing Hurdles
Speak with your lender about whether they allow the primary driver to be different from the borrower. buying a car for someone else to drive
You must accurately declare who the primary driver is. Claiming you are the main driver to get a lower rate for a younger person is called "fronting" and can lead to a cancelled policy or criminal charges. If you keep the title, you remain the legal owner
Taking out a loan in your name for a car someone else primarily uses is often flagged as an "accommodation deal," which many lenders prohibit. Financing Hurdles Speak with your lender about whether
Many states offer reduced registration fees or sales tax exemptions if the vehicle is transferred between immediate family members. Check your local DMV or government website for specific forms. Summary Checklist
Contact your provider at GoCompare or belairdirect to confirm coverage for other drivers. How to Buy a Car as a Gift - A Quick Guide | Mazda USA