During this video you will learn what information you need to know when buying or selling a vehicle from a private seller. The seller of the vehicle is required to complete the certificate of title for vehicle in order to transfer the name on the title. The sellers name and lien holder are listed on the front of the title. If the lien is listed the lien release portion on a title must be completed. If the lien release portion is not completed a lien release letter will be accepted. If the title is issued in more than one name all owners listed on the title must sign. If you are signing on behalf of a company you must state your position on the back of the certificate of title under the seller information box. The seller must complete signature and printed name of seller, date of sale, selling price, trade in price if any, and total price paid. The seller will also need to complete the purchaser information box. They must complete the name of purchaser and their address information, along with the lien holders name and address information if applicable. The seller is also responsible for completing the federal odometer statement. If the miles for the vehicle are the actual miles, no odometer boxes on the title should be checked. After the seller has completed the required fields on the form, the buyer must sign and print their name in the applicable field. We recommend the buyer to check the odometer mileage, odometer brand, and title of the brand located on the front of the title before signing. The seller should remove the license plate from the vehicle at the time of the transaction. The buyer is responsible for obtaining a new certificate of title registration and license...
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What you should know about Blank Bill of Sale
- A bill of sale is a crucial document for transferring ownership of a vehicle.
- It can help resolve disputes or discrepancies that may arise after the sale.
- Having a bill of sale can also be useful for tax or registration purposes.
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About Sell A Vehicle Papers
Sell A Vehicle Papers are legal documents that are required to transfer the ownership of a vehicle from one party to another. These documents include a bill of sale, registration papers, and a title transfer form. The purpose of Sell A Vehicle Papers is to ensure that the new owner has legal ownership of the vehicle and to transfer any obligations, such as taxes or fees, to the new owner. Anyone who wants to sell their vehicle needs Sell A Vehicle Papers. It is also necessary for anyone who wants to buy a vehicle from a private seller instead of a dealership. Without Sell A Vehicle Papers, the transaction cannot be completed legally, and the new owner will have no proof of ownership. Therefore, every party involved in a private vehicle sale needs to have Sell A Vehicle Papers to avoid any legal issues.
How to complete a Blank Bill of Sale
- Fill in the date and time 2
- Enter the amount of dollars and any other value considerations 3
- Complete the information about the buyer, including full legal name, signature, phone number, address, and if the vehicle is sold as offroad only 4
- Enter the Vehicle Identification Number and certify any lien information 5
- The seller must sign and provide their full legal name, signature, phone number, and address 6
- A notary is required only when requested by the El Paso County Motor Vehicle Department
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