Official Oregon Motor Vehicle Bill of Sale Template Get Your Form Online

Official Oregon Motor Vehicle Bill of Sale Template

The Oregon Motor Vehicle Bill of Sale form is a legal document used to record the transfer of ownership of a vehicle from a seller to a buyer. It serves as a crucial piece of evidence for the transaction, outlining details such as the vehicle’s description, the sale price, and the parties' information. For anyone looking to buy or sell a vehicle in Oregon, understanding how to properly fill out and use this form is essential. Click the button below to start filling out your form.

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When transferring ownership of a vehicle in Oregon, one crucial document that comes into play is the Motor Vehicle Bill of Sale form. This document serves as a concrete record of the transaction between the buyer and the seller, detailing the vehicle's sale price, make, model, year, and VIN (Vehicle Identification Number). Additionally, it acts as a vital piece of evidence for legal and tax purposes, ensuring both parties have clear proof of when the ownership was transferred and at what cost. Not only does it safeguard the buyer and seller by documenting the agreement terms, but it also assists in the vehicle registration process. Completing this form accurately is essential, as it is often required by the Oregon Department of Motor Vehicles (DMV) to update ownership records and may be necessary for the new owner to obtain insurance. Hence, understanding the major aspects of the Oregon Motor Vehicle Bill of Sale form is a key step in conducting a smooth and legally sound vehicle transaction.

Document Example

Oregon Motor Vehicle Bill of Sale Template

This document serves as proof of a private transaction between two parties for the sale of a motor vehicle in the state of Oregon. It is important to accurately fill out this form to ensure a valid transfer of ownership compliant with Oregon Vehicle Code - ORS 803.112. Both the seller and the buyer are advised to keep a copy of the completed document for their records.

Vehicle Information

Make:

Model:

Year:

VIN (Vehicle Identification Number):

License Plate Number:

Seller Information

Full Name:

Address:

City:

State:

ZIP Code:

Buyer Information

Full Name:

Address:

City:

State:

ZIP Code:

Sale Information

Sale Date:

Sale Price: $

The undersigned seller affirms that the above information about the motor vehicle is accurate to the best of their knowledge. The vehicle is sold "as is", with no guarantees or warranties expressed or implied. Any future issues related to the vehicle will not hold the seller responsible after the sale is complete.

The buyer acknowledges the "as is" condition of the vehicle and agrees to the terms of the sale as stated.

Signatures

Seller's Signature: _______________________________ Date:

Buyer's Signature: _______________________________ Date:

Notice

This document is subject to the verification of the authenticity of the vehicle's information by the Oregon Department of Motor Vehicles (DMV). It is recommended to submit this form to the DMV upon completion of the sale to update the vehicle's record and for the issuance of new registration and title documents.

Form Details

Fact Number Description
1 The Oregon Motor Vehicle Bill of Sale form is used to document the sale and transfer of a vehicle from one party to another within the state of Oregon.
2 This form serves as a legal record of the sale, including details such as the purchase price, vehicle description, and the names and addresses of the buyer and seller.
3 While Oregon law does not explicitly require a bill of sale for private vehicle sales, it is highly recommended to have one for registration, tax, and legal purposes.
4 The Oregon Department of Transportation (ODOT) offers a generic bill of sale form that individuals can use for their transactions.
5 To be valid, the bill of sale must include specific information like the vehicle identification number (VIN), make, model, year, sale date, and the signatures of both parties.
6 The buyer needs the bill of sale to register the vehicle in their name at the Oregon DMV, along with the title and proof of insurance.
7 Having a bill of sale is also imperative for the seller, as it serves as proof of the transfer of ownership and releases them from liability related to the vehicle after the sale.
8 It's advisable to both keep a copy of the bill of sale for their records in case any disputes or questions about the vehicle's sale or ownership arise in the future.
9 The bill of sale can also be used for tax reporting purposes, as it provides a record of the sale amount, which might be needed for income tax or sales tax calculations.
10 Governing law for the Oregon Motor Vehicle Bill of Sale form includes Oregon Revised Statutes (ORS) related to vehicle sales and ownership transfer.

Steps to Filling Out Oregon Motor Vehicle Bill of Sale

When the time comes to buy or sell a vehicle in Oregon, completing a Motor Vehicle Bill of Sale is a crucial step in the process. This document serves as a record of the transaction between the buyer and seller, outlining details such as the vehicle's condition, purchase price, and the identities of the involved parties. While this might seem daunting at first, the process can be straightforward if approached methodically. Below are the steps required to accurately fill out this document, ensuring a smooth transfer of ownership and compliance with local laws.

  1. Start by entering the date of the sale at the top of the form. This should reflect the exact day the transaction is being made.
  2. Next, fill in the seller's information, including their full name, address (with city, state, and ZIP code), and contact number.
  3. Proceed to detail the buyer's information in a similar fashion: their full name, address (including city, state, and ZIP code), and contact number.
  4. On the designated section for the vehicle details, enter the make, model, year, VIN (Vehicle Identification Number), and the odometer reading at the time of sale.
  5. Specify the purchase price of the vehicle in the space provided. This amount should be agreed upon by both parties.
  6. If applicable, note any additional terms and conditions of the sale that both the buyer and seller have agreed on. This can include warranties, payment plans, or other specific arrangements.
  7. Both the buyer and seller must sign the document, indicating their agreement to the terms of the sale. It is also recommended to print their names for clarity.
  8. Finally, it's important to state the location where the sale is finalized, including the city and state.

Once completed, this document serves as an official record of the sale and is a critical part of transferring vehicle ownership in Oregon. It is advisable for both parties to retain a copy of the bill of sale for their records. Completing this form accurately and thoroughly will help ensure that the transaction proceeds smoothly and without dispute.

Dos and Don'ts

When filling out an Oregon Motor Vehicle Bill of Sale form, it's essential to do it correctly to ensure the legality of the transaction. Here are some tips on what you should and shouldn't do:

  • Do ensure all the information is accurate. This includes the make, model, year, VIN (Vehicle Identification Number), and the odometer reading.
  • Do have both the buyer and seller's full names and addresses clearly written on the form to avoid any misunderstandings or legal issues down the line.
  • Do check that the sale price is clearly stated on the form. This is necessary for tax assessment and for both parties' records.
  • Do make sure both the buyer and the seller sign and date the form. In Oregon, this is essential for the document to be legally binding.
  • Don't leave blank spaces. If a section doesn't apply, write “N/A” (not applicable) instead of leaving it empty.
  • Don't forget to include any additional terms of sale if applicable. For example, if there are specific conditions or warranties, they should be clearly outlined.
  • Don't use pencil to fill out the form. Everything should be written in ink to ensure that it cannot be easily altered after completion.
  • Don't rely on verbal agreements alone. Ensure everything agreed upon is documented in writing on the bill of sale.

Other Common State-specific Motor Vehicle Bill of Sale Forms