18 years old
A: Transferring ownership of the vehicle to your grandson and placing the insurance in his own name would greatly reduce your exposure to liability. However, a person must be at least 18 years old to own a vehicle in Texas.
Can I buy a car in my son’s name?
If you purchase a car for someone else, you have the option to have the loan in your name or to cosign with the individual you’re buying it for. The only way to buy the vehicle as a surprise is to put in the loan in your own name. The title may be registered under both names.
Are there age restrictions on owning a car in Texas?
For example, in Texas there are no age restrictions for an individual to be recorded as the owner of a vehicle. However, the Texas Department of Transportation (DOT) states that insurance companies may impose age restrictions on persons they insure and may charge higher premiums for certain age groups.
What do you need to know about buying a used car in Texas?
The law prohibits rolling back or changing the number of miles on an odometer. Texas law requires the seller of any used vehicle to state on the title assignment the total number of miles the vehicle has traveled. Make sure you get a copy of the odometer statement when you sign the contract. Texas law requires you to have liability insurance.
How old do you have to be to get a title in Texas?
The Texas Department of Transportation told us that the state doesn’t have an age restriction in place for individuals wanting to be recorded on the title and registration as the owner of a vehicle. While getting the title and registration in your name will not be an issue, purchasing and insuring a vehicle when you are under the age of 18 may be.
When is it illegal to sell a car in Texas?
Before the Sale Texas law prohibits car dealers from selling vehicles on Saturday and Sunday. If you are looking for a vehicle, you will have to set aside a weekday for the actual purchase. Those who are not actual car dealers, but are merely selling a vehicle privately or in a manner unrelated to a car dealership are not held to this restriction.
