How to Get a Bill of Sale in Maryland
A Maryland bill of sale is an important document recommended when selling or buying a motor vehicle. Moreover, the Maryland vehicle bill of sale is a contract that transfers the rights of a motor vehicle between two legal entities. Although a car bill of sale is not required by the Maryland Motor Vehicle Administration (MVA) when performing a car title transfer, both sellers and buyers should complete the document for cars not bought at car dealerships.
The document requires both parties to provide important information about themselves and the vehicle in question that can later be used to settle any potential legal disputes that may arise. Learn where to get an auto bill of sale in Maryland and how to complete the document by reviewing the following sections.
When is a bill of sale necessary in Maryland?
A Maryland bill of sale form is recommended when individuals want to either sell or buy a motor vehicle. A simple bill of sale is actually a legal document that serves for transferring rights over a motor vehicle between two parties.
Since the form holds information about the sale price for the motor vehicle, it can be useful when filing the required paperwork when performing an auto title change. When using the form for establishing the sale price of the motor vehicle, a notary will be required to certify the validity of the information written on the for.
A DMV bill of sale is mandatory when the motor vehicle is seven years old or newer and is being sold for less than the book value. However, the document may also prove useful in future situations in case of a disagreement between the seller and buyer. Therefore, completing an MD bill of sale template is recommended when selling or purchasing a motor vehicle in the state.
Who needs a Maryland bill of sale?
The Maryland bill of sale template is sometimes necessary when completing a title registration transfer procedure through the MD MVA. A completed generic bill of sale should be kept by both the seller and buyer for future reference in case legal disagreements arise.
Printing and filling out a bill of sale PDF can be useful for the seller after the process of buying a car, as it allows him or her to avoid liability for any crimes or traffic violations tied to the sold vehicle. The buyer can use document if he or she does not yet have access to the car title in order to prove that he or she has paid for the car in question and thus owns the vehicle.
How to Complete a Bill of Sale Form in Maryland
When completing an MVA bill of sale, both the seller and the buyer are required to provide their personal details and signatures. Moreover, the form requires that a notary be present when sellers and purchasers sign the document in order to certify the validity of their signatures.
After obtaining a form, the seller should complete it with the following information:
- The vehicle identification number (VIN), year, make, model and body style
- The car’s sale price
- The odometer reading
- The purchase date
- The seller’s information and signature
- The buyer’s information and signature
- The notary’s signature, name and expiry of commission
The used car bill of sale should be submitted to the Maryland MVA. Before signing the bill of sale template, buyers and sellers alike should request a vehicle history report to learn about the background of the vehicle being sold and ensure they have all the correct information.