How to Get a Bill of Sale in New Jersey
The general purpose of a New Jersey DMV bill of sale is to record a transfer of a vehicle between a seller and a buyer. A car bill of sale form usually contains valuable information pertaining to the vehicle being sold. Additionally, an NJ vehicle bill of sale displays the signatures of both the seller and the purchaser, thus becoming an official document that may be used for conducting certain vehicle-related procedures through the state’s Motor Vehicle Commission (MVC).
The MVC may require the submission of a properly completed bill of sale template in various instances, such as when titling or registering specific motor vehicles. Furthermore, this credential may also prove useful in the event of potential legal disputes between the seller and the buyer, which may arise over the ownership of the vehicle. Learn more about how to complete this form during the process of buying a car, as well as where to obtain this document, by reading the following sections.
When is a bill of sale necessary in New Jersey?
In general, providing an MVD bill of sale in New Jersey may be necessary if a car title certificate is unavailable during the transferring of vehicle ownership. An NJ bill of sale PDF file or printed-out copy typically display details that may prove useful during the vehicle title transfer process, such as the seller’s and buyer’s names and addresses, the purchase price and date of sale. Another instance where a bill of sale form may prove helpful is in the event of a legal disagreement between the vehicle’s seller and purchaser.
For instance, if the transfer of ownership has not been properly completed, the previous owner may be held accountable for any traffic violations or other incidents associated with the vehicle sold. However, if the seller presents a bill of sale copy proving he no longer owns the vehicle in question, he can avoid the penalties accrued by the buyer. This properly completed and notarized credential may also be required of individuals when applying to register their motorcycle through the MVC or when requesting an initial boat title.
Furthermore, a bill of sell can also be used for other purposes related to vehicle ownership, and New Jersey MVC will have more details on when you may need such a document.
Who needs a New Jersey bill of sale?
Possessing a copy of a New Jersey DMV bill of sale form in your records and having access to the information contained in it may prove to be very useful, regardless of whether you are the previous or new owner of the vehicle sold. For instance, you may utilize your NJ bill of sale copy if you are the buyer, as proof that you purchased the vehicle and arranged payment for the allotted amount of sale.
This credential may be particularly important in cases when a current certificate of car title is not available for some reason. On the other hand, sellers may use their vehicle bill of sale documents to protect themselves in the event of a legal disagreement. By submitting this valid credential, the seller can confirm that he or she no longer owns the car in question, thus avoiding liability for any infractions accrued by the purchaser after the process of buying a car.
How to Complete a Bill of Sale Form in New Jersey
When completing a sample bill of sale template in New Jersey, you will generally be required to enter specific information pertaining to the vehicle, as well as certain personal details. A generic bill of sale form usually includes the following information:
- The printed name and address of the buyer and seller.
- The legal signatures of the buyer and seller.
- Vehicle description, including full description, year, make and model.
- The date of sale.
- The exact purchase price.
Note: The aforementioned list is not all-inclusive and other information may also be required when filling out this form.
A simple bill of sale form may be finalized by personally visiting a nearby NJ MVC agency. Prior to completing this credential, it is advisable to order a vehicle history report for the purposes of checking the accuracy of the vehicle’s information.