How to Get a Bill of Sale in North Carolina
A North Carolina DMV bill of sale is a legal document that is needed when vehicle owners want to sell their motor vehicles or when motorists want to purchase a new vehicle from a dealer. A NC vehicle bill of sale form can be required for getting a vehicle title in certain circumstances because it contains information about the motor vehicle and about both participants in the ownership transfer procedure.
Furthermore, a vehicle bill of sale is recommended for both entities participating in the sale and purchase process to complete and keep for their personal needs.
The North Carolina Department of Transportation (DOT) requires a bill of sale contract only as part of the documentation needed when buying a motor vehicle from car dealerships. On the other hand, this credential is not required to complete the car title transfer procedure when purchasing a motor vehicle from a private party, or when the vehicle is gifted or donated.
For more detailed information about how to write a bill of sale, continue reading the sections below.
When is a bill of sale necessary in North Carolina?
A car bill of sale is needed in situations when a person is purchasing a motor vehicle from auto dealers. However, a North Carolina bill of sale PDF or printout is not part of the required documents when individuals buy a car from an individual, or when it is gifted or donated. A vehicle bill of sale contract typically must be submitted when buying a car from a dealer, along with a vehicle title, a title application form, an odometer disclosure statement and a damage disclosure statement.
Filling out a bill of sale template is not necessary only when purchasing a motor vehicle, as it may be also used as proof of the ownership transfer between two legal entities in various situations. For instance, this credential may be shown as proof of the sale of the motor vehicle when vehicle sellers are required to provide proof that they no longer own the motor vehicle in question.
Moreover, a vehicle purchaser should keep a copy of a bill of sale after submitting the original one to the NC DOT for the title transfer procedure. Buyers may need to provide a North Carolina bill of sell when they are required to prove the selling price of the vehicle they bought or when they need to verify their ownership rights.
Who needs a North Carolina bill of sale?
A North Carolina bill of sale form is a document that both the buyer and seller of a vehicle should keep for their personal reference. This credential is especially important for vehicle buyers during the process of buying a car from a dealer. In addition, an NC bill of sale copy is a valuable piece of documentation that vehicle sellers should keep for their personal needs.
Make sure to properly complete a sample bill of sale template when selling or buying a motor vehicle. This will serve you as a record of the ownership transfer when possible legal issues may arise in the future. Moreover, this document is a significant part of the vehicle paperwork that both sellers and purchasers are recommended to possess in order to avoid future legal inconveniences.
How to Complete a Bill of Sale Form in North Carolina
Motorists are required to present a North Carolina bill of sale agreement as part of the required documentation needed for a motor vehicle bought from a dealer in order to begin a title transfer procedure. In any case, a generic bill of sale PDF must be completed with the following information:
- Vehicle information, including the:
- Make and model.
- Vehicle identification number (VIN).
- Selling price and date of sell.
- Seller’s personal information.
- Purchaser’s personal information.
- Signatures of the buyer and seller.
When completing a North Carolina bill of sale template, both the vehicle sellers and purchasers are encouraged to provide their signatures to confirm the validity of the information provided. Since the vehicle buyers are required to submit a bill of sale contract to the NC DOT, they are recommended to closely check the details written on the form in order to avoid mistakes and to make sure that the information is accurate.