How to Get a Bill of Sale in Delaware
A Delaware bill of sale is a document for transferring ownership of a motor vehicle between two parties. A vehicle bill of sale should be completed by both the seller and the buyer in order to protect themselves from potential future disputes. The car bill of sale should be completed with each person’s information and details about the vehicle that is being sold.
Although the auto bill of sale is not a mandatory requirement when selling a motor vehicle, both parties are encouraged to complete it for their personal records. The form may serve only as record for the process of ownership transfer. However, individuals who want to obtain a valid proof of ownership over a motor vehicle are required to complete a car title transfer procedure through the Delaware Division of Motor Vehicles (DMV).
When is a bill of sale necessary in Delaware?
The Delaware bill of sale form is recommend during any kind of vehicle ownership transfer, even in cases where the vehicle is a gift. In such cases, a bill of sale template can serve as an important legal document that contains essential information about the transfer.
The form may be also used when both the seller and the buyer want to protect themselves from future disagreements. A vehicle bill of sale can also be used when attempting to complete a vehicle registration.
The form is required only in specific situations, and a vehicle title registration can usually be used in its stead. However, even when a generic bill of sale is not needed, current and new owners are recommended to complete one in order to protect their rights.
Completing a DMV bill of sale on the same date as the sale and purchase occurs provides an extra layer of protection for both parties. Failure to complete the form when selling or purchasing a motor vehicle may result in various consequences.
Who needs a Delaware bill of sale?
A DMV bill of sale form in Delaware is usually completed by both sellers and buyers of motor vehicles. However, when filling out a sample bill of sale, a vehicle seller is usually the one who inputs the relevant information about the vehicle.
The buyer then verifies that the information is correct and, if necessary, signs the document. Printing and completing a bill of sale PDF can help sellers have proof of the motor vehicle ownership transfer and to have a record that can keep them from facing any liabilities during the sale process.
However, the document can also be useful to vehicle in the event of disputes or other legal issues. Therefore, both sellers and purchasers should keep a copy of bill of sale in Delaware in order to protect themselves from future drawbacks.
How to Complete a Bill of Sale Form in Delaware
A Delaware bill of sale form is important for both vehicle sellers and buyers, as it provides important information about the motor vehicle, the purchase date and sale price. To get a form online, click here.
Regardless of who fills out the standard bill of sale, the document must contain the following details:
- Motor vehicle information, including the year, model, make and vehicle identification number (VIN)
- Personal information about the vehicle seller (name, address and signature)
- Personal details about the vehicle buyer (name, address and driver’s license number)
- Date of sale and selling price
The bill of sale template may not require sellers to provide a current odometer reading of the vehicle, but doing so may be beneficial anyway, as the odometer reading is an important measure used to determine a car’s value. The DE bill of sale document should also be notarized if possible, as notarized documents have significantly more legal significance.