How to Get a Bill of Sale in Alaska
An Alaska bill of sale is a legal document that records a transfer of a vehicle between a seller and a buyer. A vehicle bill of sale is important because it can be used as proof of such a transaction, as it displays essential information about the vehicle in question.
A car bill of sale also includes information about the related parties, the final purchase price, the county where the transfer was completed and other details. Obtaining the form may prevent future disagreements between the interested parties, generally related to issues such as the vehicle’s ownership and the total price of the vehicle.
Although the auto bill of sale is not valid for ownership transfers, the Alaska Division of Motor Vehicles (DMV) may require this form in other vehicle-related processes, such as when registering a boat or when a reconstructed vehicle is subject to an inspection. Learn more about this document and how to fill out a template by reading the applicable sections below.
When is a bill of sale necessary in Alaska?
Although a completed auto bill of sale may be required in some U.S. states when going through the process of buying a car from a private individual rather than form car dealerships, the Alaska DMV does not impose this requirement. An Alaska bill of sale form ultimately serves to protect both parties in the event of a legal dispute pertaining to the ownership of the vehicle.
Since a bill of sale template generally contains important information about the sale, this form may prove invaluable in case of future legal issues. For instance, if the new owner failed to finalize the vehicle title transfer procedure properly, the previous owner may face steep fines and punishments for traffic tickets or other violations caused by the buyer.
Therefore, presenting a DMV bill of sale in an instance where the car title transfer is missing helps the seller to prove that he or she is no longer the owner of the vehicle in question. The form may also be required by the Alaska Division of Motor Vehicles (DMV) in other situations, such as during a vehicle registration. For example, an Alaska boat bill of sale from a previous owner or dealer may be necessary when applying to obtain a boat registration within the state.
A vehicle bill of sale may also be necessary in DMV transactions related to reconstructed vehicles. In such cases, drivers may need to submit such forms along with invoices for the major parts utilized in the reconstruction.
Who needs an Alaska bill of sale?
A bill of sale form in AK is generally considered an invaluable piece of evidence for both ends of a transaction. A copy of bill of sale is important for the seller of a vehicle, as he or she can use this form to protect himself or herself in case of future disagreements.
Having this form is equally important for buyers as well, as the information listed on the form, including the serial number and description of the vehicle, may be necessary for completing future vehicle-related legal proceedings.
Also, filling out a generic bill of sale may help them verify they are the current owners of the vehicle in question in certain unofficial situations.
How to Complete a Bill of Sale Form in Alaska
Though an Alaska bill of sale PDF is not available from the state Division of Motor Vehicles (DMV), the agency indicates that certain details pertaining to the transaction should be included in the form. Therefore, individuals completing a simple bill of sale will generally need to provide the following information:
- The vehicle identification number (VIN)
- A description of the vehicle
- The seller’s and buyer’s printed names
- The date of the sale
- Signatures from both the seller and buyer
The generic bill of sale also needs to include the sale price of the vehicle, which may be further utilized for determining the corresponding state vehicle taxes.