A coworker of mine drives an older (1997) Lexus and went to Carmax a few nights ago to look at a 2012 Prius. He decided to buy the Prius and was telling me that they're giving him $1100 for a trade for his car. Knowing that Carmax always lowballs like that I said "you can probably sell it privately for a lot more". He said "Yeah I'm not dealing with selling it - too much of a hassel". I said "Well I'll give you $1300 for the car right now". We discussed it and he agreed. I looked up simliar cars with simliar miles and they go for $3,000 on craigslist. A few sights online say the private sale value is $3500-4500 depending on condition. The car has a few very minor issues that I can easily fix myself.
So I'm buying it tomorrow night with the intention of fixing the issues and reselling it. It'll cost me approximately $300 to fix everything.
What's the best way for me to buy this car and avoid charges like registration, plates, tax, etc? I just want to buy it, hang on to it for a few weeks to fix it, then sell it. Can I not sign the title and then fill out the next person's name on the title instead? Is that legal?
Any help is appreciated
Thanks,
Ryan