Bill Of Sale
What is an Oklahoma Bill of Sale?
Thinking about getting a new car? Be sure to obtain all of the necessary paperwork, such as a bill of sale, before handing over any cash for keys. The motor vehicle bill of sale allows purchasers of a vehicle to show the transfer of ownership once the vehicle has been purchased. Information contained on the DMV bill of sale includes the buyer's and seller's information and signatures, as well as information regarding the vehicle. This document, which also serves legal purposes, is necessary in many states to obtain a Certificate of Title and a new registration. Generic bill of sale forms can be found online, or some states have specific forms designated.
Is a Motor Vehicle Bill of Sale Necessary in OK?
The state of Oklahoma requires that purchasers be able to produce the motor vehicle bill of sale in order to obtain a new Certificate of Title and registration for the vehicle. The information that is contained on the bill of sale is also used to calculate state sales and use taxes on the vehicle.
Oklahoma 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 Oklahoma DMV bill of sale notarized to confirm the dates and signatures on the document that releases you of liability for the vehicle.