I have a car that is 20+ year old runs fine, looks good, and has been well maintained. KBB value is only around $600. It runs fine and has been reliable. However, I’d feel guilty if I sold it for a couple hundred dollars and it happened to break down on the new owner in the first month (even though it’s “as is”). Also it’s not worth it to me to deal with all the calls, the time wasters, the test drives, etc. So I thought I’d just give the car away free to someone in my local area.
Have you ever given away a good car for free? How did you do it, or how would you do it? I plan to give the car to someone I don’t know and will never see again. That way I’m not accused of favoritism.
Do you simply sign over the car title and hand over the keys? Or is a written contract still needed?
Should I make the official handover at a DMV where the new owner will first have to register the car in his/her name immediately? (I don’t want future city parking tickets or red light camera photos being sent to me).
OR is it much simpler to give the car to an official charity and let them take care of all those details?