Bill Of Sale
What is an Arizona Bill of Sale?
Looking to buy or sell a car? Be sure to find out all the necessary information regarding an Arizona motor vehicle bill of sale beforehand.
The bill of sale is a legal document that proves the purchaser of a vehicle has been transferred ownership of that specific vehicle by the seller. The seller can be a private individual that previously owned the car, or a licensed dealer that obtained ownership of the vehicle. Motor vehicle bill of sale forms can follow a generic outline that highlights pertinent information about the vehicle, seller and purchaser, or your state may require that specific information be contained on the form and notarized.
The main reason for a bill of sale is to prove ownership, however there are a number of practical and legal reasons to obtain this document. It acts as a receipt for the purchaser, and many states require that the DMV bill of sale be provided to obtain a title and registration. This document does not take the place of a car title. States requiring a use tax determine the amounts based on information contained in the bill of sale, such as make, model, year, and mileage. Sales tax is also calculated in some states based on the document.
Is a Motor Vehicle Bill of Sale Necessary in Arizona?
The Arizona Motor Vehicle Division does not require purchasers to submit or file a motor vehicle bill of sale. However, creating a bill of sale is a wise decision to guarantee the obtainment of a new title, registration and insurance. A generic version of this document may be found easily online.
A seller may file a notice of the sale, or DMV bill of sale, with the MVD online in order to not be held liable for the vehicle’s registration. The state of Arizona does require purchasers to register the vehicle in their name within 15 days of the sale. Having a motor vehicle bill of sale that is dated and signed will show when the 15-day period began.
AZ Bill of Sale Information
As a purchaser or a seller, information that should appear on the bill of sale includes:
- The name and address of the seller and the purchaser
- Amount paid to the seller
- Accurate odometer reading
- Vehicle Identification Number (VIN)
- Make, model, year, series number, body type
- Date of sale
- Seller and purchaser signatures
It is also a good idea to have the motor vehicle bill of sale notarized to confirm the dates and signatures on the document.