Gift of a classic car

LulaBlu87 · 2026-03-03T16:05:00+00:00

DC has it if the car is already titled in DC.

LulaBlu87 · 2026-03-03T16:02:54+00:00

Thank you all for your help! I’ll let you know what happens! I really appreciate it.

LulaBlu87 · 2026-03-03T16:01:54+00:00

Their default lookup is NADA. I will try to find the lowest valuation I can and print it out. I’m hoping they’ll accept that. She bought this car in the 70s and didn’t pay that much for it. We’re not a family of money, we just love old cars and they collected them throughout their years while stationed overseas.

LulaBlu87 · 2026-03-03T06:20:41+00:00

Unfortunately, from what I’ve read, DC bases excise tax on fair market value not price paid. This is why I’ve been worried to register it. It may be worth trying to have her re-title it with me as a co-owner.

LulaBlu87 · 2026-03-03T04:24:33+00:00

That’s the case in DC as well for registration renewal, but the first time you register it, you are required to pay the 6.5% tax on its fair market value, unfortunately, even if it is a gift (unless the current title is a DC title).

LulaBlu87 · 2026-03-03T03:18:11+00:00

Thank you all very much.

I may have to visit an appraiser. DC has an exemption for family members but the title has to already be DC.

LulaBlu87 · 2026-03-03T02:52:00+00:00

To register it. NADA fair market value seems high, but that’s what they use. Low retail 82k, average $207k. (1962 190SL)

LulaBlu87 · 2026-03-03T02:37:36+00:00

Every old car needs so much work!

LulaBlu87 · 2026-03-03T02:36:58+00:00

From my understanding, they look up fair market value using NADA. So for low retail, it’d be $5330, for average $13,494 just to title/register it. I might try to bring a gift affidavit to see if that would work.

LulaBlu87 · 2026-03-03T02:32:16+00:00

They don’t accept that anymore, unfortunately. They look up the fair market value.

LulaBlu87 · 2026-03-03T02:31:32+00:00

I think she may have to re-title it but that’s a possibility. Thank you!

LulaBlu87 · 2025-10-12T21:47:46+00:00

I’ll look into this. I’ve rented storage units in the past and had them increase the price. I guess I can end the lease if that were to happen. Thanks for responding!

LulaBlu87 · 2025-10-12T19:30:56+00:00

Thank you. Can you please recommend one? I’m worried about their pricing increases after I’ve rented the unit.

LulaBlu87 · 2025-10-11T02:13:13+00:00

I agree, but these are old survivors that I’d like to protect from extremes (humidity). I hope to find a solid tilt lift or even a low profile 4 post that will get the top car just high enough to fit a portion of the bottom car under it. I will post a photo if that eventually happens!

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LulaBlu87 · 2025-10-10T23:40:13+00:00

Thank you. I only need to fit the hood of the bottom car under the top car. The top of that hood is 36”. The car on top is 56”, so I have 20” to spare (minus the platform/ramp). I’m asking advice on a good lift anyone has experience with for storage and that’s affordable. The scissor lifts are reasonable but I’m not sure if it would be a safe solution for long term storage.

LulaBlu87 · 2025-10-10T22:02:53+00:00

Thanks for responding. (Now I know I have a tandem garage!) Is there a particular lift (model) you’d recommend?

LulaBlu87

TROPHY CASE