How to Get a Bill of Sale in Utah
A bill of sale in Utah is considered part of the mandatory documentation for a sale and purchase of a vehicle between two different legal entities. An auto bill of sale form basically serves as legal proof of a vehicle’s transfer of ownership between a buyer and a seller during a private sale.
Completing and signing a vehicle bill of sale is a requirement of anyone who is privately selling his or her car, according to the Utah Division of Motor Vehicles (DMV). Vehicle buyers need this credential in order to complete the car title transfer procedure through the state’s DMV.
Moreover, a UT car bill of sale is a piece of documentation that both the seller and the purchaser are highly encouraged to keep for their personal needs and to avoid future legal inconveniences. To find out how to complete a sample bill of sale document, continue reading the sections below.
When is a bill of sale necessary in Utah?
A car bill of sale template is needed whenever two parties are performing a sale and purchase of a motor vehicle. That is because this credential is a legal document that serves for transferring the ownership rights of a motor vehicle between two legal entities.
Since a UT bill of sale PDF or printout contains information about the selling price of the motor vehicle, buyers are highly recommended to file it along with the required paperwork when applying for a car title and registration.
A bill of sale may also be necessary for future situations that may occur as a result of legal inconveniences regarding a title change. For instance, vehicle sellers may be required to prove the selling price or the date when they have surrendered their ownership rights over to another party.
In addition, vehicle buyers may need a bill of sell during the process of buying a car as proof of the purchase price of the vehicle when they are submitting payment for the imposed sales tax. Therefore, having a bill of sale form is necessary for both vehicle sellers and purchasers.
Who needs a Utah bill of sale?
A Utah vehicle bill of sale agreement is mostly needed by a vehicle purchaser who is transferring the vehicle title from a previous owner to his or her name. He or she must provide this completed form to the UT DMV after receiving it from the vehicle seller. On a blank sample bill of sale, the seller is the person who provides every information on and hands it over to the vehicle purchaser. However, vehicle sellers should keep a copy of this credential as proof of the sale and the selling price for future needs when certain legal issues may occur.
Although vehicle sellers complete a bill of sale, buyers are advised to check the information written on the form before submitting it to the UT DMV. This is because purchasers may be asked to provide this document in a situation when they need to prove the purchase price for sales tax purposes. Therefore, a bill of sale receipt should be in the possession of both the seller and the buyer in order to settle potential future legal issues.
How to Complete a Bill of Sale Form in Utah
Completing a bill of sale template in Utah is a mandatory step in the process of selling and purchasing motor vehicles. Learning how to complete this form is recommended for anyone involved in the sale or purchase of an automobile prior to going through that process.
Individuals who are wondering how to write a bill of sale are recommended to click here in order to obtain an online template. Once you obtain a generic bill of sale, you must complete it with the following information:
- Vehicle seller’s name, address and signature.
- Vehicle buyer’s name and address.
- Motor vehicle information (year, make, model, vehicle identification number and license number).
- Purchase price of the vehicle.
- Sale date.
After filling out a sample DMV bill of sale with the information mentioned above, buyers are expected to submit the form to the Utah DMV along with other documentation needed for the title transfer procedure. Utah is one of the states that requires completing an auto bill of sale with information about the motor vehicle, its selling price and separate details about the two legal entities that participate in the sale and purchase procedure.