Hawaii Bill of Sale Form
A Hawaii Bill of Sale Form is an official document that records ownership transfers. It documents the sale of personal property between a buyer and seller in Hawaii.
Hawaii Bill of Sale Types
As-Is
Vehicle
Why Do You Need a Hawaii Bill of Sale?
A Bill of Sale is important for the following reasons:
- It serves as a traceable record
To have a traceable record trail, it’s best to have a Bill of Sale in Hawaii. Although it is not a legal requirement, it is highly recommended. This applies particularly to high-value items.
- For the transfer of ownership
In the case of motor vehicle transactions, a Hawaii Bill of Sale is needed to transfer the ownership title. It is also used for vehicle registration. This is done by local county motor vehicle licensing offices, such as the Department of Customer Services in Honolulu.
- It holds essential details
When filling out a Hawaii Bill of Sale form, diverse useful details will be collected. These include:
- Vehicle identification number (VIN)
- Sales price
- Odometer reading
- It can be a requirement
Depending on the kind of purchase, a Bill of Sale might be a necessity. Hawaii law generally requires written contracts for any purchase above $500.
Vehicle Bills of Sale in Hawaii often require notarization. This gives an additional authenticity. It also prevents rejection due to irregular signatures, especially when transferring between counties.
Common Uses of a Hawaii Bill of Sale
This document is used to show that:
- The seller no longer owns the item.
- Liability is now transferred to the buyer.
- The buyer has evidence of new ownership.
- The buyer has full rights to all future sales.
- The ownership transfer is legally compliant with state regulations.
- The buyer is responsible for registration and insurance records.
The extra level of authentication assures both parties involved in the transaction.
While a Hawaii Bill of Sale Form is not compulsory for all kinds of personal property sales, it is strongly advised. This is because it serves as strong proof of ownership.
The details of both parties involved are essential. These include their legal names and addresses.
For motor vehicles, a Hawaii Bill of Sale needs to be notarized for submission to the county DMV. However, this is not a requirement for most other personal property Bills of Sale. It often offers an added layer of legal security and protection against the risk of signature fraud.
For vehicle sales, the buyer has to submit the Hawaii Bill of Sale Form. This may be Form CS-L(MVR)40, together with a safety inspection certificate and a well-signed title. Other required documents are also included. These are then submitted to their local vehicle licensing office for title transfer and registration.