How to Get a Bill of Sale in Maine
A Maine bill of sale is recommended when finalizing the sale or purchase of a used motor vehicle in the state. Providing a completed vehicle bill of sale to the state Bureau of Motor Vehicles (BMV) may be necessary in various situations. For instance, a valid car bill of sale is sometimes required when completing a car registration, regardless of whether it was purchased from a dealer or a private party.
The form contains information that may also prove valuable in case of any future disagreements over the ownership of the vehicle in question after the process of buying a car. Some of the details listed on this form include the seller’s and buyer’s names and signatures, as well as the price of the car.
The selling price the auto bill of sale displays is also important for tax purposes. Learn about this document and find out where to get one by reviewing the following sections.
When is a bill of sale necessary in Maine?
A properly completed ME car bill of sale can prove helpful in dealing with future disagreements between the seller and the purchaser. By submitting a used car bill of sale that includes the seller’s signature, the purchaser can prove that he or she has provided payment for the total cost and now owns the vehicle. Buyers may also be required to provide this document containing the exact selling price in order for the Bureau of Motor Vehicles (BMV) to calculate the sales taxes due.
Possessing a copy is of equal importance to the seller as well. By presenting a printed and completed bill of sale PDF, the seller will not only prove he is no longer responsible for the vehicle in question and will also be able to retain access to the details pertaining to the sold vehicle.
Who needs a Maine bill of sale?
A properly completed ME bill of sale agreement can prove helpful in dealing with future disagreements between the seller and the purchaser. By submitting a Maine DMV bill of sale that includes the seller’s signature, the purchaser can prove that he or she has provided payment for the total cost and now owns the vehicle. Buyers may also be required to provide this document containing the exact selling price in order for the Bureau of Motor Vehicles (BMV) to calculate the sales taxes due.
Possessing a bill of sale copy is of equal importance to the seller as well. By presenting a bill of sale document, the seller will not only prove he is no longer responsible for the vehicle in question and will also be able to retain access to the details pertaining to the sold vehicle.
How to Complete a Bill of Sale Form in Maine
The process of completing the document will require individuals to enter specific details about themselves and the vehicle in question.
A BMV bill of sale should include the following details:
- The seller’s and purchaser’s names and addresses
- Description of the vehicle, including the vehicle identification number (VIN), make and year
- The date of sale
- The purchase price
- The signatures of both the seller and the buyer
Before filling out a bill of sale in ME, buyers and sellers alike should order a vehicle history report in order to learn about the vehicle and verify the accuracy of the information provided on all official documents.