Gifting a Car in Oklahoma
Gift a car in Oklahoma by completing a vehicle title transfer with a sale price of $0 at your local OK MVD.
Written by Pat Roache
Reviewed by Kathleen Flear
To gift a car in
Oklahoma
, go to your local Motor Vehicle Department (MVD) to complete a vehicle title transfer with a sale price of $0. Complete a family affidavit if you’re gifting to a relative so they won’t have to pay any taxes on the vehicle. Gifting a car is a generous act—and a somewhat intensive process. A lot more goes into this gift than just going to a store and picking something off the shelf. The process of giving a car as a gift varies from state to state, but the recipient is bound to be grateful for all your effort!
Make the car gifting process in Oklahoma simple with this all-intensive guide from
car insurance
comparison app Jerry
. We’ll cover everything you need to know when wrapping a car in a bow—choosing the right car to gift, transferring the title, and any unexpected quirks you may run into along the way. RECOMMENDED
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How to buy a car as a gift in Oklahoma
When gifting a new car in Oklahoma, it’s a good idea to bring the recipient to the dealership and involve them in the car-buying process—unless you plan to buy the car outright. You won’t be able to transfer the title if there is a
lien
on the vehicle. So if you plan to pay for it with a
loan
, it’s best to add the giftee to all the paperwork from the outset (i.e., the car loan, the title, the registration, so on). You could just co-sign for the car and accept responsibility for paying it off. That way, the gifting process goes as smoothly as possible in terms of the legal and financial steps involved.Key Takeaway You can’t gift a car that has a lien on it so consider involving your recipient in the shopping process when purchasing their new car.
How to gift a used car in Oklahoma
If you’re interested in getting a new car for yourself, gifting your old paid-off vehicle is as straightforward as
transferring the title
over. Plus, you won’t have to sacrifice the element of surprise! Alternatively, buying a used vehicle outright would be much cheaper than buying a brand-new car in terms of ensuring a title transfer is possible.
Negotiate the terms of the gift with your recipient
Giving and getting a car is cause for celebration—but once things settle down, take some time to go over the financial details of the gift. You’ll need to agree on who will pay for the title transfer, as well as the long-term financial responsibility of the car.
A title transfer in
Oklahoma
requires a $17 transfer fee, a $4 certificate of ownership fee, and an additional $10 filing fee if you choose to send a notice of transfer to your local MVD. The notice of transfer
is an optional step to help track legal responsibility for the vehicle while the transfer of title is being processed.Next, make sure your recipient is clear on things like maintenance, insurance, and gas, and decide who will be covering these and other ongoing expenses.
Cost | Oklahoma average |
|---|---|
Title transfer | $21 ($31 with a notice of transfer) |
Registration fee | $96 |
Insurance | $1,633 (liability only), $2,308 (full coverage) per year |
Maintenance | $763 per year |
Fuel | $1,802 per year |
Purchase Oklahoma liability insurance—or full coverage
Before you can complete the title transfer, the recipient will need to get a car insurance policy that meets
Oklahoma’s minimum requirements
. This includes liability insurance, which covers other drivers in the event of an accident you cause. But you and/or your recipient should consider full-coverage insurance
for better protection.MORE: How to get cheap car insurance for young drivers
“After signing up withJerry, I went from $199/month to $97/month for my car insurance. My used car now has full coverage for a great price!” —Rhonda H.
Transfer the vehicle title
To make your gift official, transfer the vehicle title at your local MVD within 30 days of the gifting. You and your recipient will need to go together with the following documents in hand:
- The current vehicle title
- The current vehicle registration
- Proof of lien release (if applicable)
- Valid photo ID
- Proof of valid Oklahoma insurance
- Payment for transfer fees
When performing the title transfer, fill out the title section labeled “Price” with $0 or “gift” and the recipient may be able to avoid paying any sales tax at registration. Fill out the title assignment on the back of the original title to complete the transfer of ownership, then sign and notarize to make it official!
Special circumstances for family
If you’re gifting your vehicle to a family member, you’ll also have to fill out a Family Affidavit to finish the process. This additional document ensures that your recipient will not have to pay taxes on the vehicle. You can find the Family Affidavit form on the Oklahoma
MVD website
.How to find affordable car insurance in Oklahoma
Both you and your giftee can take advantage of the best
car insurance
rates in Oklahoma when you comparison shop with licensed broker and insurance app Jerry
!Finding cheap insurance usually means dealing with a lot of phone calls, long forms, and back and forths to figure out what policy works for you, but not with Jerry. In less than a minute you’ll be presented with the lowest customized quotes from 50+ top providers across the nation.
Once you pick your favorite, Jerry takes care of the rest—securing your new policy, canceling your old one, and checking for even better prices when it’s time to renew. It’s a gift that keeps on giving! It’s no wonder that the average user saves $887 a year on car insurance.
“Jerrywas pretty amazing. They found me quotes with every company at the cheapest price possible! Then I decided which company and coverage I preferred. As a new, young driver, I had a great experience!.” —Sean E.
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Do you have to pay taxes on a gifted car in Oklahoma?
Not necessarily. If you gift a car to a family member, you’ll need to fill out a Family Affidavit to avoid taxes. Otherwise, the recipient may be subject to paying taxes at registration if the car is worth more than $15,000.
Is it better to gift a car or sell it for $1 in Oklahoma?
Opt to gift your car with a sale price of $0 for best results in Oklahoma.
Reduce your monthly car payments in minutes?
Find out if Jerry can reduce your payments by an average of $150/month
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