How to Get a Bill of Sale in Rhode Island
A vehicle bill of sale in Rhode Island is a legal document that represents the transfer of ownership rights from one legal party to another. Both parties should submit an auto bill of sale form in RI, along with any additional documentation required for a car title transfer. A DMV bill of sale must be provided by the vehicle seller to the purchaser who must present it to the Rhode Island Division of Motor Vehicles (DMV).
A bill of sale may be needed when you are either selling your motor vehicle or undergoing the process of buying a car from a private seller. In any case, a sample bill of sale should be completed by the buyer and seller with the required information about themselves, the motor vehicle specifications and the selling price. Find out how to write a bill of sale template, as well as when such a document is required, by reading the sections below.
When is a bill of sale necessary in Rhode Island?
A Rhode Island car bill of sale is needed when two different legal identities are participating in a sale and purchase of a vehicle. An RI bill of sale PDF or printout is generally needed when completing a vehicle transaction between a private seller and a buyer, despite the fact that car dealerships can also issue them.
Once properly completed, this document may prove useful in various occasions, for both the vehicle seller and the vehicle buyer. For instance, vehicle sellers may keep a copy of bill of sale documents for future situations when certain legal issues may occur and their ownership rights over the vehicle are in question.
Additionally, car buyers should keep a copy of this document in case they need to prove that the seller transferred ownership rights to the buyer and may prove that the buyers are the new owners of the vehicle. Since a motor vehicle bill of sale agreement may be necessary in various situations, both car sellers and buyers are highly encouraged to have their own copy of the form, in order to avoid any future inconveniences.
Who needs a Rhode Island bill of sale?
A bill of sale form in Rhode Island is needed by both the vehicle seller and the purchaser. A seller typically furnishes this credential when selling a motor vehicle to another party. Sellers must provide the information on a sample bill of sale about the motor vehicle, such as the make, model, year, color, vehicle identification number (VIN) and price, as well as their personal details.
Buyers typically do not supply a bill of sale template, but they are required to enter their information and sign it in order for the document to be valid in order to apply for the car registration. Vehicle buyers may also keep a copy of this credential in order to have a written record that they confirmed the form’s content and that they participated in the procedure.
Moreover, completing a bill of sell may prove beneficial if potential legal issues occur in the future and when both sellers and purchasers may need to provide proof of the transfer of ownership. In such situations, the Rhode Island bill of sale document may be used because it contains information that proves the selling price, the date of sale and the identity of the two legal parties that participated in the sale and purchase procedure.
How to Complete a Bill of Sale Form in Rhode Island
A vehicle bill of sale agreement must be presented when applying for a car title after buying a motor vehicle from another legal party. Since both parties must provide their part of the information on the document, they must first obtain a blank form.
As soon as they obtain a sample bill of sale, individuals need to provide the following information:
- The make, model, year, color and vehicle identification number (VIN) of the vehicle being transferred.
- Selling price and date of sale.
- The seller’s personal details and signature.
- The purchaser’s personal information and signature.
Remember that a generic bill of sale requires that the purchaser’s details be written on the form in addition to the buyer’s signature and address, according to the Rhode Island DMV. The completed bill of sell must be submitted to the RI DMV along with the other documentation for registering or titling a motor vehicle. If you want to learn more information about how and how to write a bill of sale in Rhode Island, contact the DMV and find out the details you need.