What is a Nevada Bill of Sale?
While searching for your next car, one important aspect to consider is obtaining a Nevada motor vehicle bill of sale. This is a legal document that serves as an agreement between the seller and the purchaser. The bill of sale outlines the specific details about a car being sold, and it transfers ownership from the seller to the purchaser. The form can be a generic contract that adheres to state guidelines, or your state may have a specific form available through the Division of Motor Vehicles.A DMV bill of sale acts as a receipt for the purchaser by showing proof of ownership. Many states require that this document be presented to obtain a title or to register the vehicle in the new owner’s name. However, a bill of sale does not take the place of a car title. Some states also use this form to determine sales and use taxes based on information contained in the sale document, such as make, model, year and mileage.
Is a Motor Vehicle Bill of Sale Necessary in Nevada?
Nevada requires that a motor vehicle bill of sale be completed in order to transfer ownership of the car from the seller to the purchaser. In addition to the bill of sale, the seller must also provide the purchaser with the current title of the vehicle that has been signed by both parties involved in the transaction.
NV Bill of Sale Information
As a purchaser or a seller, information that should appear on the bill of sale includes:
- The name and address of the seller and the purchaser
- Amount paid to the seller
- Accurate odometer reading
- Vehicle Identification Number (VIN)
- Make, model, year, series number, body type
- Date of sale
- Seller and purchaser signatures