Bill Of Sale
What is a Massachusetts Bill of Sale?
Whether you are buying or selling a vehicle, be sure to find out all the necessary information regarding the transaction for your state, as you will need to record this information in a bill of sale. The motor vehicle 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. Sellers can be private individuals or licensed dealers that have properly obtained ownership of the vehicle. A generic document that outlines pertinent information about the vehicle, seller and purchaser are necessary for the DMV bill of sale. Your state may require specific information be contained on the form and notarized to adhere to state guideline.
Acting as a receipt for the purchaser, the motor vehicle bill of sale is also necessary in many states to obtain a new Certificate of Title and registration. A bill of sale cannot take the place of a car title. Sales tax is also calculated in some states based on information contained in the document.
Is a Motor Vehicle Bill of Sale Necessary in Massachusetts?
The state of Massachusetts requires that all vehicle owners provide a DMV bill of sale in order to obtain a Certificate of Title and registration for a vehicle. If you are purchasing a new vehicle, the dealership that handles this transaction will provide the purchaser with an appropriate motor vehicle bill of sale that adheres to Massachusettsâ€™ guidelines.
DMV Bill of Sale Information
As a purchaser or a seller in Massachusetts, information that should appear on the motor vehicle 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 DMV bill of sale notarized to confirm the dates and signatures on the document.