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Gift transfer — Indiana

Indiana Truck bill of sale for gift transfer

Complete your Indiana truck bill of sale for a gift transfer transaction. Enter buyer and seller details, vehicle information, and generate a signed PDF in minutes.

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Reviewed against state DMV requirementsLast reviewed: March 20266 min readEditorial policy

What to know about gift transfer sales in Indiana

If the vehicle's fair market value exceeds the annual gift tax exclusion ($18,000 for 2024 per IRS), the donor must file IRS Form 709 (United States Gift and Generation-Skipping Transfer Tax Return). The lifetime exemption ($13.61 million in 2024) typically means no tax is owed, but the form is still required. Some states require the word "gift" on the title or a separate gift affidavit to waive use tax.

What to include in your bill of sale

  • Full legal names and addresses for both buyer and seller.
  • Truck make, model, year, VIN, and current mileage.
  • Agreed sale price, payment method, and transaction date.
  • Any gift transfer-specific disclosures required in Indiana.

Seller guidance

If the vehicle's fair market value exceeds the annual gift tax exclusion ($18,000 for 2024 per IRS), the donor must file IRS Form 709 (United States Gift and Generation-Skipping Transfer Tax Return). The lifetime exemption ($13.61 million in 2024) typically means no tax is owed, but the form is still required. Some states require the word "gift" on the title or a separate gift affidavit to waive use tax.

Buyer guidance

You will likely owe use tax on the fair market value of the vehicle at registration unless your state exempts immediate family gifts. California, for example, exempts transfers between parents, children, spouses, and domestic partners. Check your state DMV for exemption eligibility.

Indiana-Specific Note

Indiana charges 7% sales tax on vehicle purchases and does not provide a general gift exemption for motor vehicles — tax applies based on fair market value even for family transfers. Complete State Form 44237 (Application for Certificate of Title) and pay the applicable sales tax at the BMV.

Legal considerations

Indiana charges 7% sales tax on vehicle purchases and does not provide a general gift exemption for motor vehicles — tax applies based on fair market value even for family transfers. Complete State Form 44237 (Application for Certificate of Title) and pay the applicable sales tax at the BMV.

Indiana Legal Requirements

Under federal law, gifts of vehicles exceeding $18,000 in fair market value (2024 annual exclusion) require the donor to file IRS Form 709, though the $13.61 million lifetime exemption means actual gift tax is rarely owed. Most states do not impose a separate state gift tax, but many require a gift affidavit or notation on the title to waive sales or use tax. Check your state DMV for the specific form and eligible family relationships that qualify for the tax exemption.

Source: IRC § 2503(b); IRS Form 709

Indiana Truck transfer fees and requirements

In Indiana, the title transfer fee is $15 and registration costs $21.35 - $30.35 for passenger vehicles. Truck sales are subject to 7% sales tax on purchase price. Indiana does not require notarization for private-party truck transfers. Emission testing is required in Indiana — verify the truck passes before completing the sale.

  • VIN inspection required for out-of-state titles
  • Emissions testing required in Lake and Porter counties
  • Title transfer must be completed within 31 days

Indiana sales tax on truck purchases

Indiana has a 7% state sales tax rate. Flat 7% statewide; no additional local vehicle taxes. Private-party truck sales in Indiana are subject to sales tax. Sales tax applies to private party vehicle purchases. The title transfer fee is $15.

Truck market data and safety information

The most common truck makes in private-party sales are Ford, Chevrolet, RAM, Toyota, GMC. Average private-party truck prices range from $8,000–$55,000. The average NCAP safety rating for recent truck models is 4 out of 5 stars. Trucks average 3.8 NHTSA recalls per model across categories including Power Train, Fuel System, Steering.

Safety checkpoints for buying a used truck

Before completing a truck bill of sale in Indiana, verify these safety items:

  • Inspect frame for rust — trucks used in salt-belt states often have hidden corrosion
  • Check 4WD/AWD transfer case engagement and operation
  • Verify towing package wiring and hitch receiver condition
  • Test tailgate mechanism and bed liner condition

Truck insurance and depreciation in Indiana

Full-size trucks cost 10–20% more to insure than sedans. Lifted trucks or diesel modifications may increase premiums further. Trucks hold value better than cars — full-size pickups retain 60–70% of value after 5 years. Diesel models retain the most. Peak season for private truck sales is late spring through summer when construction and outdoor activity demand rises, with an average of 18 days on market.

Truck registration and titling

Trucks are classified as "Light truck (under 8,500 lbs) or Medium truck (8,500–26,000 lbs)" for registration purposes. Trucks under 16,000 lbs GVWR follow passenger rules. Over 16,000 lbs GVWR triggers commercial vehicle requirements and federal odometer exemption. Federal odometer disclosure is required for trucks under 20 years old.

Indiana requirements for gift transfer truck sales

For truck gift transfer transactions in Indiana, the buyer must pay 7% sales tax on purchase price and a $15 title transfer fee. Notarization is not required. Odometer disclosure is required.

  • VIN inspection required for out-of-state titles
  • Emissions testing required in Lake and Porter counties
  • Title transfer must be completed within 31 days

Safety tips for gift transfer truck transactions

When completing a gift transfer truck sale in Indiana, always verify the vehicle against NHTSA recall databases. The most common truck recall categories are Power Train, Fuel System, Steering. Check recalls at NHTSA.gov/recalls before signing the bill of sale.

Checklist for gift transfer truck sale in Indiana

  1. Establish fair market value (Kelley Blue Book or comparable)
  2. Determine if IRS Form 709 filing is required (value >$18,000 in 2024)
  3. Obtain state-specific gift affidavit or complete the gift section on the title
  4. Confirm state sales/use tax exemption eligibility for family gifts
  5. Notarize the bill of sale or gift affidavit if your state requires it
  6. Pay 7% Indiana sales tax on the vehicle's fair market value
  7. Complete State Form 44237 (Application for Certificate of Title)
  8. No family gift exemption — sales tax applies regardless of relationship

Need the printable workflow?

Use the main Indiana truck bill of sale flow when you are ready to generate the completed document.

Open Indiana Truck bill of sale

The Private Vehicle Sale Market

17.5M private sales/yr

About 17.5 million private-party vehicle transactions happen in the U.S. each year — roughly 47% of the used market.

Source: Cox Automotive 2024

Frequently asked questions

When should I use the gift transfer page?

Use this page when your truck sale in Indiana fits a gift transfer scenario. It walks you through the specific disclosures and details that apply to this type of transaction.

Why does the gift transfer scenario have its own page?

Different sale scenarios — such as private party, dealer, or gifted transfers — have different documentation requirements. This page focuses on what buyers and sellers need for a gift transfer transaction specifically.

What should be included in this bill of sale?

Include the buyer and seller details, vehicle identifiers, sale price, date, signatures, and any notes specific to the gift transfer transaction.

What are the Indiana fees for a gift transfer truck transfer?

Indiana charges a $15 title transfer fee. Registration costs $21.35 - $30.35 for passenger vehicles. Sales tax: 7% sales tax on purchase price. Notarization is not required for most transfers.

What truck makes are most commonly sold in Indiana?

The most popular truck makes in private-party sales are Ford, Chevrolet, RAM, Toyota, GMC. Average private-party prices range from $8,000–$55,000.

Do I pay sales tax on a gift transfer truck sale in Indiana?

Indiana has a 7% state sales tax rate. Sales tax applies to private party vehicle purchases

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