How to Get a Bill of Sale in Vermont
A Vermont bill of sale is a legal document that reports the ownership transfer from one legal entity to another. The car bill of sale form is needed when two legal parties are performing a sale and purchase procedure of a motor vehicle. A VT vehicle bill of sale contains details about the vehicle that is being sold and an odometer statement, as well as personal information about both the vehicle seller and the vehicle purchaser.
Filling out a bill of sale template is one of the recommendations of the Vermont Department of Motor Vehicles (DMV) in order for sellers and buyers to have a written record of the transfer of ownership rights and to perform a successful car title transfer process. If you want to learn where to get a bill of sale in Vermont and how to use one effectively, reading the sections below for further details.
When is a bill of sale necessary in Vermont?
A Vermont DMV bill of sale is primarily needed when individuals are purchasing motor vehicles from another legal entity. Moreover, a bill of sale PDF or printout may be required when vehicle buyers are applying for a car title through the VT DMV.
When you want to title a new vehicle, this document may be required for purchase and use tax purposes. However, when applying for a title for a used vehicle, a used car bill of sale may be requested in order to prove the transfer of ownership.
This credential is a useful legal document that may prove the process of transferring the ownership rights of a motor vehicle from the vehicle seller to the purchaser through a title change. In addition, both sellers and buyers may find themselves in a situation when they will be requested to provide proof of the sale and purchase procedure.
The bill of sell may be used whenever potential legal issues may occur in the future. To find out how having a copy of this credential may prove to be beneficial, review the following sections.
Who needs a Vermont bill of sale?
A Vermont auto bill of sale must be completed and signed by both vehicle sellers and vehicle purchasers. The two participating legal parties need this credential when performing a sale and purchase process of a motor vehicle. Therefore, sellers and buyers are highly recommended to complete a bill of sale template and keep one copy for themselves, in order to prevent possible legal issues in the future.
This document may serve as proof of the transfer of the ownership rights over a motor vehicle between two legal entities. Sellers, on the one hand, are encouraged to complete a bill of sale form in order to keep a written record of the buyer’s personal information and the price of the vehicle they sold.
Purchasers, on the other hand, are also expected to keep a copy of this document along with a written record of the seller’s personal information and purchase price, which may prove beneficial when they are required to prove the ownership transfer. Both legal parties who complete a sample bill of sale document in Vermont are recommended to check the information written on the form before signing it, in order to avoid future legal inconveniences.
How to Complete a Bill of Sale Form in Vermont
A vehicle bill of sale is needed when a car is sold from one legal party to another. This credential must be completed and submitted to the VT DMV when applying for a car title, regardless of whether the car is new or used. The VT bill of sale form must contain information about the motor vehicle, as well as personal details about both the seller and the buyer.
As soon as individuals obtain a generic bill of sale, they have to complete it with the following information:
- The seller’s name, address, phone number and signature).
- The buyer’s name, address, phone number, email address and signature.
- Motor vehicle information, including the year, make, model, body type, color, vehicle identification number and odometer reading.
- Selling price and date of sale.
In addition to the Vermont DMV bill of sale providing this information, sellers and buyers may also need to complete an odometer statement section on the form, if the motor vehicle is nine years old or newer. After providing the above-listed information on the bill of sell template, individuals are recommended to keep a copy for their personal needs or for a future situation when the form may be required. For further information about the situations when you may need to provide a VT bill of sale agreement, you may contact the state DMV and find out every detail.