My son is considering buying a newer truck from Carvana or Carmax in the near future. Currently, his truck title is in my name and we want to transfer it his so he can get the trade in amount when he buys a newer vehicle. I know that I can go to the Brazos Co Tax office with the proper form and make that transfer.
My question is this: If I were to go and do that soon, would there be lapse of time while that transfer was in process before he could sign his current truck in trade over to the buyer (like a Carvana or Carmax)? In other words, if he finds a vehicle soon, would our doing the transfer now throw a wrench in things where there would be a lag before things were official and he could make the trade?
Thanks for any insights and Merry Christmas all!
ZTGA
My question is this: If I were to go and do that soon, would there be lapse of time while that transfer was in process before he could sign his current truck in trade over to the buyer (like a Carvana or Carmax)? In other words, if he finds a vehicle soon, would our doing the transfer now throw a wrench in things where there would be a lag before things were official and he could make the trade?
Thanks for any insights and Merry Christmas all!
ZTGA