Bill Of Sale
What is a Missouri Bill of Sale?
Before making any purchase involving a motor vehicle, buyers and seller should make themselves aware of their state‚Äôs regulation concerning the bill of sale. The motor vehicle bill of sale acts as an agreement that transfers ownership from the seller to the purchaser. As a legal document, it is also necessary to smoothly go through the process of obtaining a Certificate of Title and registration for a car. DMV bill of sale forms can be a generic outline that lists information about the vehicle, or your state may require that specific information be contained on the form and notarized. Some states, like Missouri, offer a standardized form that contains all of the necessary information.
A bill of sale does not ever take the place of a car title, but having a correctly filled out bill of sale allows the new owner to obtain a clear title. States requiring a sales and use taxes on vehicles use the document to determine the amounts based such as make, model, year and mileage.
Is a Motor Vehicle Bill of Sale Necessary in MO?
The state of Missouri requires that sellers complete a motor vehicle bill of sale form to complete any transaction involving a vehicle, even a partially rebuilt vehicle. A state-approved form is available online through the Missouri Department of Revenue Motor Vehicle Bureau website.
Missouri DMV Bill of Sale Information
As a purchaser or a seller, 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.