How to Get a Bill of Sale in Idaho
An Idaho bill of sale is a document that displays important information pertaining to a vehicle sale. The details in a vehicle bill of sale generally refer to the seller and the purchaser, as well as the vehicle in question.
The car bill of sale also includes the price of the vehicle, as this is one of the requirements while performing a titling procedure. The document is not only important to have but also required in certain situations.
In addition to this, the form may be necessary in a number of different situations, especially for the purposes of finalizing specific vehicle-related transactions like title registration and car registration. This form may also serve as an essential piece of evidence in resolving legal disputes between the seller and the buyer, which may arise due to issues related to the vehicle’s ownership. To find out more about the Idaho auto bill of sale and learn where to get one, review the sections below.
When is a bill of sale necessary in Idaho?
An Idaho bill of sale form is required by the Division of Motor Vehicles (DMV) while finalizing an ID title transfer under certain circumstances. Namely, a printed out and completed bill of sale PDF is only necessary if the previous owner has not entered the sales price on the vehicle title in the specified field for this information. However, the document is not required if the seller performs a title change to the new owner and specifies the sales price in the car title.
Completing an Idaho bill of sale template may be invaluable in many other situations as well. Both the seller and the buyer should possess a copy of this legal document and use it in the event of a legal disagreement over the ownership of the vehicle in question.
For instance, the seller can submit a simple bill of sale to the state DMV to prove he or she no longer owns the vehicle, thus avoiding any penalties accrued by the buyer after the sale has been completed. Finally, a generic bill of sale displaying the vehicle’s final cost may be important for tax purposes.
Who needs an Idaho bill of sale?
A DMV bill of sale is usually of interest to both the seller and the buyer in vehicle transactions completed outside car dealerships. A valid document allows buyers to verify they are the current owners of the vehicle. Having a bill of sale form in their possession may also prove helpful for future vehicle-related procedures.
The seller can use the form to avoid liability for any traffic violations related to the vehicle. For instance, if the buyer has failed to complete the title transfer but has received a traffic ticket upon purchase of the vehicle, the previous owner may be held accountable for this action. However, with a valid vehicle bill of sale, the seller can prove he or she is not the vehicle’s owner in the event of a legal issue.
How to Complete a Bill of Sale Form in Idaho
Individuals who must submit a car bill of sale in Idaho will need to use form ITD 3738. The form will require them to enter specific details, regardless of whether they are filling out the form as buyers or sellers of the vehicle in question. The first section of the Idaho standard bill of sale refers to the vehicle and includes the following details:
- The vehicle identification number (VIN)
- Title number
- The vehicle’s year, make, model and description
- The vehicle’s weight, length and width
- The odometer reading
The second part of the auto bill of sale refers to the seller and buyer of the transaction, and includes the following:
- Their full legal printed names
- Physical address or mailing address
- Daytime phone number
- ID driving license number or Social Security Number (SSN)
- The vehicle’s true selling price and date of sale
The bill of sale form must also be signed by both interested parties, thus confirming the aforementioned information. To obtain a template online, click here.
Note: Since individuals must provide accurate details about the vehicle when filling out their bills, it is best to order a vehicle history report beforehand.