How to Get a Bill of Sale in Tennessee
The main purpose of a Tennessee bill of sale is to record a transfer in ownership of a certain vehicle. A properly completed car bill of sale form in TN helps the seller and the purchaser at both ends of the transaction to avoid any future disagreements over the vehicle’s ownership. For instance, the details contained within a TN vehicle bill of sale, including the printed names of the seller and the buyer, as well as their legal signatures, can prove who the current owner of the vehicle is in the event of a legal dispute.
Though the state Department of Revenue (DOR) does not require a bill of sale document for the completion of most of the vehicle-related procedures, there may be certain instances where having this document may prove useful. A standard version of this credential generally consists of several sections that require different information pertaining to the involved parties, as well as the vehicle in question. Learn more about how to obtain a motor vehicle bill of sale template easily by reading the applicable sections below.
When is a bill of sale necessary in Tennessee?
An auto bill of sale is a legal affidavit that records the process of buying a car and can be very helpful in various situations. The general purpose of this credential is to protect the interests of both parties involved in the transfer of an automobile in the event of a legal disagreement.
An easily printable bill of sale PDF document can be useful if the purchaser fails to apply for a car title transfer in a timely manner upon the date of purchase or fails to finalize this process properly, as the previous owner may still be held accountable for any activities related to the vehicle or any penalties accrued by the buyer in the meantime. By furnishing a valid bill of sell, the seller can confirm he no longer owns the vehicle in question and avoid any future liability.
Generally, this document is most used in private sales of used vehicles, rather than in new automobile sales made at car dealerships.
The Tennessee Department of Revenue may require individuals to provide a DMV bill of sale while completing a car registration procedure for a vehicle that has been imported to the United States from another country. A properly filled out bill of sale form will need to be submitted along with the other applicable documents, including a manufacturer’s statement of origin.
Certain counties may also require motorists to furnish this credential when applying for a boat registration, regardless of whether this vehicle was previously registered within the state or not. The TN boat bill of sale will need to include specific details in such a case. To learn whether a bill of sale copy is necessary for other circumstances in Tennessee, contact the state DOR.
Who needs a Tennessee bill of sale?
Retaining a copy of the vehicle bill of sale form can be of benefit to the transferor, as well as the transferee due to the importance of the information contained within the form. Sellers who retain a DOR bill of sale after they transfer the ownership of the vehicle in question can still have access to the details listed on the form, including the date of purchase, amount of sale and the buyer’s signature.
The information listed on a bill of sell may be crucial for proving who the current owner is and for avoiding any future liability in cases of legal disputes. When the buyer provides this document, he proves that the process of buying a car has been completed properly, that payment has been arranged for the purchase price and that he now owns the vehicle sold.
The purchaser may also need to submit a completed auto bill of sale to a local DOR office as part of the documentation needed for registering a vehicle imported from another country or for requesting a boat registration, depending on his or her county of residence.
How to Complete a Bill of Sale Form in Tennessee
The procedure of completing a TN bill of sale template will require the interested parties to enter specific details regarding the vehicle that is being sold. This document will also need to include certain personal information.
Since the data entered in a used car bill of sale must be accurate, you should order a vehicle history report prior to filling out the form. Furthermore, a generic bill of sale in Tennessee consists of several sections and generally requires individuals to provide the following information:
- The printed names and addresses of the buyer and seller.
- The signatures and dates of signature of the buyer and seller.
- The purchase price and date of sale.
- The vehicle identification number (VIN), year, make, model and description of the vehicle sold.
Individuals who apply for a boat registration may need to include additional information. For instance, residents of Bradley County who have purchased a boat from an individual will need to provide a boat bill of sale agreement including the seller’s address and signature, boat description (year, make, serial number or hull number) and purchase price, as well as the TN number or TWRA number that belongs to the current registered owner.
If the boat purchased has not been previously registered within the state, it will still require a notarized bill of sale containing all the aforementioned details, except the TWRA or TN digits.