<prompt> Human: Parents bought me a 2006 Nissan Altima brand new, now that I have a good job and responsible they want to move the title to my name. What is the best way for them to do this? Its worth about 8K now. Do I buy it for 1 or can they gift it to me? What is the best way tax wise to put it in my name?Forgot to put we both live in Missouri, Im 29. Thanks  <response>: Varies by state. In Ohio you can do a family transfer, we just did that with my sister-in-law and her truck so you dont have to pay taxes on it. Also a few years ago my mom transfered my car that I had since college to my name, no taxes just title fee. 