What is a Connecticut Bill of Sale?
The bill of sale protects the buyer and seller by recording all pertinent information surrounding the sale of a vehicle. A Connecticut motor vehicle bill of sale outlines, verifies and legally documents the transfer of ownership. It will not, however, take the place of a Certificate of Title for the vehicle. Depending on your state of residence, you will at least need to record some of the vehicle characteristics and details regarding both parties in a generic bill of sale. If your state requires any additional specifics, you must include those as well.Often, the seller will provide the DMV bill of sale, particularly if you have bought your vehicle from a dealership. However, when conducting a sale between individuals, the buyer may also provide the document. Some states may calculate sales tax based on the vehicle information within this form, so it is important to have this information during the registration process. Throughout the financing, transfer of title and registration of the vehicle, the CT bill of sale will serve as a receipt and proof of ownership.
Is a Motor Vehicle Bill of Sale Necessary in Connecticut?
For the title transfer and registration of the vehicle, the state of Connecticut necessitates the completion of a motor vehicle bill of sale. This document serves as proof that the sale occurred, and it protects both the seller’s and purchaser’s rights by completing a bill of sale with information about the transaction.
CT DMV Bill of Sale Information
Both the buyer and seller benefit from the legal security of completing a DMV bill of sale. Here are some pieces of information you want to be sure to include:
- Sale price of the vehicle
- Date
- A current odometer reading
- Seller and buyer phone number and address
- Relevant vehicle characteristics: body type, make, model, year and series number
- Signatures from the seller and buyer