What is a Vermont Bill of Sale?Buying or selling a car can be confusing, with the accompanying flurry of paperwork – but you’ll want to be sure to use a bill of sale to document the transaction. A VT motor vehicle bill of sale records valuable information, verifies that the vehicle has been purchased, and that the ownership is transferred. It does not, however, act as a valid substitute for a Certificate of Title – it’s more of a back-up. Not all states require a bill of sale, but it’s always a good idea to have one – generic forms can easily be found online. In some cases, it is used to obtain new registration, transfer the title, and possibly even in the calculation of the vehicle’s sales tax.
Is a Motor Vehicle Bill of Sale Necessary in VT?
Vermont is a state that mandates that the buyer be in possession of a motor vehicle bill of sale, in order to acquire new registration and Certificate of Title. According to VT guidelines, it is the responsibility of the seller to provide the Title, Odometer Disclosure Statement and a VT bill of sale to the purchaser. The seller will then retain a copy of the document for his or her records. All of these steps are taken as a method of releasing the seller from liability for the vehicle.
Vermont DMV Bill of Sale Information
Regardless of whether you are selling or buying the vehicle, you should ensure that the following information is recorded on the motor vehicle bill of sale.
- Date and amount of the sale
- Make, model, series number, year, accurate odometer reading
- Vehicle Identification Number (VIN)
- Buyer and seller contact information (address and phone number)
- Signatures from both the buyer and the seller