What is a Virginia Bill of Sale?
The bill of sale allows the new owner of a vehicle to move forward with the processes of obtaining a clear title, tag, registration and insurance in most states. Whether you decide to buy privately or at a dealership, the motor vehicle bill of sale acts as a receipt and validates the transfer of ownership from one party to another.Generic DMV bill of sale templates are available, or the document can be created as long as it outlines the information regarding the transaction. Various states require a bill of sale to be issued, and some have specifications on the type of information that should be included.
Is a Motor Vehicle Bill of Sale Necessary for VA?
The state of Virginia requires that all purchasers obtain a motor vehicle bill of sale in order to validate the ownership transfer, as well as to receive a clear title and new registration for the vehicle. This bill of sale is also used in many states to determine sales and use taxes on the vehicle.
Virginia DMV Bill of Sale Information
As a purchaser or a seller, information that should appear on the DMV 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