How to Get a Bill of Sale in Minnesota
The Minnesota vehicle bill of sale is a document that is typically completed during the process of purchasing or selling a vehicle. Due to the information contained in an MN DMV bill of sale form, both the buyer and the seller can utilize this document to resolve certain disagreements regarding the vehicle sale. For example, a car bill of sale that contains the official signatures of the involved parties can be used in cases of ownership disputes.
This credential may also be required for a limited number of vehicle-related transactions through the Division of Driver and Vehicle Services (DVS). After obtaining a template of this document, vehicle owners must ensure they fill it out correctly, as furnishing incorrect data to the state DVS is punishable by law. Learn more about how to obtain a sample bill of sale template, as well as how to correctly fill one out and when it is required, in the sections below.
When is a bill of sale necessary in Minnesota?
In addition to a Minnesota DVS bill of sale being able to resolve certain legal issues regarding the car sale, this affidavit may also be required to finalize certain vehicle-related processes with the DVS. For instance, a bill of sale PDF document or physical copy may be required to complete the transfer of ownership of a vehicle that is not subject to titling within the state. In such cases, sellers have the option of submitting this credential along with the application form for car title and vehicle registration procedures.
An MN DMV bill of sale may also be necessary to successfully transfer vehicle ownership in the event that the state DVS does not have a record of ownership and no valid proof of ownership exists, regardless of whether or not the vehicle is subject to titling. In addition to a car sale receipt, applicants may be required to complete additional steps in such situations, such as submit photos of the vehicle in question and a statement of facts document. A used car bill of sale form may also be necessary during the titling process of reconstructed vehicles.
To successfully title a specially assembled vehicle through the division, customers will be required to submit proof of ownership of the used parts. Note that this credential may not be sufficient proof in such cases and applicants may be required to submit additional paperwork.
Who needs a Minnesota bill of sale?
Because a car bill of sale in Minnesota contains important information about a vehicle sale transaction and the legal entities involved in the exchange, this document may prove useful to both the buyer and the seller. In addition to serving as a car sales receipt, this document also extends additional protection to the seller in cases of liability disputes.
Moreover, this credential can also be used when reporting the vehicle sale to the state DVS for purposes of transferring the liability of the vehicle to the new owner. After the process of buying a car, buyers can use a signed bill of sale form to prove that they are the legitimate owners of the vehicle in the event that their ownership is disputed.
Purchasers may also require this document when conducting official business with the state DVS, as outlined above. Thus, be sure to keep a bill of sale copy in your records should you require it in the future, regardless of whether you are in the role of a buyer or a seller of a vehicle.
How to Complete a Bill of Sale Form in Minnesota
During the procedure of completing a Minnesota DMV bill of sale, the parties involved in the vehicle sale must ensure to fill out several types of personal information and data regarding the vehicle on sale. Regardless of the type of MN bill of sale template that is used, it usually contains fields for the following information:
- The name of the buyer and the seller.
- The vehicle price and the date of sale.
- Information about the vehicle in question, such as:
- The vehicle identification number (VIN).
- The year, make and model.
- The vehicle body type and style.
- Legal signatures by both the buyer and the seller.
Note: Before completing a used car bill of sale, conduct a vehicle history check to ensure that the information entered is accurate.
After signing the bill of sale form, transferors and transferees should retain a copy for future reference. Vehicle owners who are required to submit a sample bill of sale in MN to finalize a certain vehicle-related transaction with the state DVS will generally be required to do so in person through a deputy registrar office.