Giving Certified Mercedes as Gift

A car is a wonderful gift for a child or grandchild, or perhaps another relative or friend. For many reasons, people are sometimes unable to afford a vehicle purchase, and giving the gift of a car is a terrific way to extend a helping hand. However, giving a gift of a car carries certain legal requirements that must be met. Additionally, if you own a Certified Pre-Owned Mercedes, you may wonder whether your benefits will transfer to the new owner. Here is what you need to know about giving a Certified Mercedes as a gift.

Tax requirements may vary, depending on the value of the vehicle and the state in which the transfer takes place. Contact a qualified tax specialist before giving the gift to determine the tax ramifications. In some cases, it may be better to sell the car to the recipient for a low cost. Your tax attorney will help you sort through the various possibilities and the legalities of each.

A Certified Mercedes comes with a manufacturer-backed warranty. The warranty allows you to obtain covered services at any dealer within the nationwide network. This warranty is fully transferable whether you sell the vehicle or give it as a gift.

Make sure that you understand the legalities of transferring your car to someone else as a gift, including the tax ramifications. Your certification and warranty will, however, transfer without a hitch. Just be sure to report the transfer to Mercedes.

If your interested in purchasing a Mercedes or would like to browse for a new Mercedes vehicle, please visit any of our dealer websites, at our Westchester Mercedes, our Mercedes Benz of Fort Washington PA, or our Mercedes Benz Wilmington Delaware locations.

[tags] pre-owned mercedes, car gift, giving certified mercedes, car taxes, transfer of ownership, gift tax, use tax, certified mercedes, mercedes warranty, warranty repairs [/tags]

Filed Under: Certified Mercedes-Benz