If you are buying the vehicle for someone else, like as a gift, the driver needs to register the car in their name and become the titleholder. However, that means that they technically have legal ownership of the vehicle, even though you paid for it. If you take this approach, you must trust the driver, and you may want to consult a lawyer about a contract to protect you if something goes awry. Another option is to place a lien on the car so that it cannot be sold without meeting your requirements and seeking your permission. The guidelines for placing a lien on a vehicle vary from state to state.

That includes where they will be driving, their driving record, how many miles the licensed operator will drive the vehicle annually, and their credit score or credit report

Finally, if you are buying a collectible car, you may not need to register it at all. States have different restrictions depending on whether the vehicle is classified as a historic or classic car. Check your local guidelines to see if your collectible car meets your state’s criteria. Still, if you plan to allow the vehicle to be driven on the roadway at any point, it will require registration and insurance to be street legal.Seguir leyendo