How to Get a Bill of Sale in Kentucky
The Kentucky bill of sale is a document that records the details of a change of vehicle ownership between a buyer and a seller. A vehicle bill of sale contains important information about the vehicle and the parties involved in the transaction, making it a valuable addition to the vehicle paperwork of all parties involved in a car sale. The KY car bill of sale can be used to resolve certain issues that may arise after the process of buying a car.
The document may also be necessary to conduct business with the Division of Motor Vehicle Licensing (MVL), so it is essential that residents keep copies of their documents when buying or selling a car. Learn more about completing this important form and review the situations where the document may prove useful by reviewing the following sections.
When is a bill of sale necessary in Kentucky?
The main purpose of a Kentucky auto bill of sale is to attest to the change of ownership of a vehicle between two parties. Therefore, a bill of sale form can be used by buyers and sellers alike for various legal purposes, as it typically contains the signature of both parties.
The document may also be required to finalize several vehicle-related transactions with the Kentucky MVL. For example, bill of sale receipt may be required in certain cases when performing the car title and registration processes, such as when the vehicle in question comes from a state that did not issue a vehicle title.
A DMV bill of sale may also be necessary for the issuance of certain special titles, such as a rebuilt brand. In such cases, applicants will be required to submit the form only if the original title registration has been previously junked.
Another official procedure that may require a generic bill of sale is the title change for a motor boat. This boat bill of sale requirement only applies in cases where a signed-over title transfer form is unavailable to finalize the transfer of ownership.
Who needs a Kentucky bill of sale?
Since a Kentucky bill of sale template contains important details about a vehicle sale and the parties involved in the transactions, it often proves to be a necessary addition to the vehicle records of both the seller and the purchaser. Sellers may use the vehicle bill of sale to prove that they are not liable for any future damages involving the vehicle in question, while buyers can present the document as proof that they currently own the motor vehicle.
A bill of sale PDF can also be printed and filled out by these parties to resolve certain disagreements about the specifics of the sale, since the information on this form must be verified before providing a signature. Due to the various uses of this document, buyers and sellers are encouraged to retain a copy in their records, especially for vehicles not purchased through car dealerships.
How to Complete a Bill of Sale Form in Kentucky
When filling out a motor vehicle bill of sale in Kentucky, buyers and sellers must ensure they include several types of information. Note that submitting a form with false data when conducting business with the state MVL is punishable by law. You can obtain the bill of sale template online by clicking this link.
When filling out a sample bill of sale, you will generally be required to ensure that the following data is included, regardless of whether you are the buyer or the seller:
- The sale price of the vehicle and the date the transaction took place
- The buyer’s and the seller’s names and addresses
- Information about the vehicle on sale, such as:
- The vehicle identification number (VIN)
- The vehicle year, make, model, color and body type
- The odometer reading
- The signatures of the buyer, seller and a notary public
Note: Prior to completing the MVL car bill of sale, obtain a vehicle history report to learn about the vehicle’s background and ensure that the provided information is accurate.
If you are required to submit an official bill of sale form to the state MVL when completing certain vehicle transactions, you will generally have to provide it along with the other necessary documents in person through your county clerk’s office. However, keeping a copy of the document, whether required or not, is advisable for future vehicle-related transactions.