What is a Wyoming Bill of Sale?
Sometimes buying a car can seem like a complicated mess of forms and signatures, but completing a bill of sale is one of the easiest steps. A simple WY motor vehicle bill of sale is a little form that quickly records, verifies and authorizes the transfer of ownership in a vehicle sale. It does not, of course, replace the Certificate of Title – but it is still an incredibly important document. You will use it when obtaining a new Title and registration as well as whenever you are required to quickly prove ownership of your vehicle. Your state will use the information on the WY bill of sale to calculate your vehicle sales tax. Different states have varying requirements for a DMV bill of sale. In fact, some do not require them at all. It is always a good idea though, to procure one, if only for your personal records.Is a Motor Vehicle Bill of Sale Necessary in WY?
In Wyoming, a motor vehicle bill of sale will be necessary to officially complete the transfer of vehicle ownership. So, don’t hand over the keys until your WY bill of sale has been completed – this document serves to release the seller of any liability for the vehicle. The state of Wyoming mandates that all vehicle transactions have a notarized bill of sale, so you must be sure to abide by these requirements.
WY DMV Bill of Sale Information
As you are completing the deal, whether you are buying or selling the vehicle, you should ensure that the following pieces of information are contained within your motor vehicle bill of sale:
- Vehicle Identification Number (VIN)
- Sale date and amount
- Current contact information for both parties
- Accurate odometer reading
- Model, series number, make and year
- Double-check to make sure that both the buyer and seller have signed the document
- Have the DMV bill of sale notarized to legalize the document