#Notarized bill of sale motorcycle registration#

It also means that if the buyer claims they never purchased the motor vehicle from you, you have proof of the transaction. How Does a Bill of Sale Benefit the Seller?Īs the seller of the used car, the bill of sale acts as a receipt, proving you no longer have ownership of the vehicle. Louisiana, Nebraska, Maryland, New Hampshire, West Virginia, and Montana are the states which require a notary public to witness both parties signing the bill of sale.Ī bill of sale forms part of state law for the states listed below:Įven if a bill of sale for a car isn't a legal requirement in your state, create one so you have protection as the seller or insist on one so you have protection as the buyer. Not all states legally require a bill of sale, while others need the document notarized to be recognized as valid. In this case, the lender will need the bill of sale for the vehicle if the borrower defaults on their loan agreements. There are instances when a bill of sale for a car may be used as security for a loan this is when someone pledges a car as collateral for a loan. While a motor vehicle bill of sale is essentially a sales agreement, it can get complicated. While it is beneficial for both parties, it helps your local department of motor vehicles (DMV) keep track of all car sales, so everything is documented with a valid paper trail. It is a hybrid legal document between the car buyer and the seller detailing the sale of the vehicle between the parties and records the transfer of ownership. A vehicle bill of sale is a record of the sale of a motor vehicle that acts as a receipt and invoice for the transaction. What is a Bill of Sale for a Car?Ī bill of sale confirms the sale of personal property or assets. Whether you are the buyer or seller, we share some helpful information below on a bill of sale for a car. In the same breath, a bill of sale is also necessary when buying a used car privately, as you will need proof of purchase for your local DMV. If you are planning on selling your car privately, it is wise to ensure you have a bill of sale form ready for your buyer to complete, even if it isn't state law where you reside. A motor vehicle bill of sale details the terms of the transaction and serves as written evidence that the vehicle was sold. You can determine whether your state legally requires and/or offers a bill of sale form byĬlicking your state on the map above or the list below.A bill of sale is a legal document used to record a transfer of ownership when selling your car, aircraft, motorcycle, watercraft, or any other asset in exchange for money. To ensure you have proof of ownership and to protect yourself from any future liability, complete a title transfer. Never walk away from the transaction without a copy of the bill of sale.Ĭompleting the Sale with a Title Transferĭoes not prove ownership or complete the sale. Whether you are the seller or the buyer of the vehicle, you should Your bill of sale proves you sold and are therefore no longer responsible for the vehicle, should the new owner incur a traffic violation or get into an accident. Whether the law requires it or not, a completed bill of sale is an essential addition to your records―especially if you're the seller. Some states require the seller have a signed, dated, and sometimes even notarized bill of sale as part of the title transfer paperwork other states don't.

#Notarized bill of sale motorcycle registration#

May make for a more seamless registration process for your newly purchased vehicle. Sellers are usually responsible for providing the bill of sale however, buyers are advised to bring one to the table, too―just in case.Ī bill of sale not only serves as a record of the sale, but the details provided within (such as purchase price, VIN, and odometer reading)

Regardless of your state's legal requirement, the bill of sale is an important record of the transaction and Vehicle type (e.g, motor vehicle, boat, or other motorcycle, including mopeds and scooters).

For the buyer, it gives specific information about the vehicle that can be checked against a Vehicle History Report.Ī bill of sale does not prove ownership-only a title transfer does that. For the seller, a bill of sale shows the date the vehicle was sold and information about the buyer.

The bill of sale form is NOT an official document proving ownership, but rather a record of the transaction between parties.Ī transaction between two parties. This form serves as a record of necessary information, including the date of sale, price, vehicle information, and names/addresses for both the seller and the buyer. You will likely need a bill of sale form whenever you buy a vehicle from, or sell one to, another person.