Buying a machine for someone else is a acceptable concept whether you are financially able to close so and the mortal is in essential of reliable transportation. Owning a automobile is a commodious encumbrance. Moreover to you figuring gone provided the adult is decision-making Sufficiently to own a machine, you must returns other matters, such as continuation and insurance, into worry when you pay for a van for someone else.
Instructions
1. Deem approximately the type and magnitude of van the workman can safely ride. For instance, a new driver will usually feel more comfortable driving a small to medium sized car. In some cases, the parts, such as tires, may be more than what that person can afford. Edmunds (see Resources) is one site that can help you do this.4.
This will give you a starting point to know what kind of car to buy for her.
3. Consider maintenance costs. If you are purchasing a vehicle for someone else, you should make sure that he will be able to afford the regular maintenance on the car. A person who has a large family may need a large SUV or maybe even a van.2. Try to find out what kind of car the person likes. You can ask that person what kind of cars she likes during a light conversation.
Determine the insurance cost. When you buy a car for someone else, you need to figure out if she will be able to purchase the insurance. If you think she will be unable to afford the insurance, you may need to look into other options or you can consider paying the insurance yourself.
5. Find out the cost of sales tax and gift taxes in your area. These will need to be paid before the person will be able to get a license plate for the car. You may be able to donate the car to them without either of you having to pay taxes. Check with your local revenue office to find out if this is possible in your area.
