New Jersey Vehicle Bill of Sale Form

Why Do You Need a New Jersey Vehicle Bill of Sale?

A Bill of Sale is an important document when transferring a title to a vehicle in New Jersey. This document is important for registering with the New Jersey Motor Vehicle Commission (MVC).

A New Jersey Bill of Sale should have important details about the vehicle, such as:

• Vehicle identification number (VIN)
• Make
• Model
• Year
• Current odometer reading (for a car under 10 years old)

The document also states the purchase price that they agreed upon. This is applied when calculating the state's sales tax. Both the buyer and the seller have to sign the form for it to be accepted by the MVC.

Normally, the New Jersey Bill of Sale itself does not need to be notarized. However, it is necessary for the buyer to complete the odometer disclosure statement on the title.

Common Uses of a New Jersey Vehicle Bill of Sale

This document has several uses, including:

1. Transfer of Liability

This document formally shows that the seller no longer owns the vehicle. It completely transfers all the liabilities that come with the vehicle to the buyer.

2. Evidence of Ownership

For the buyer, it is the main evidence of ownership of their new vehicle. This is what they’ll need to register, insure, and resell in the future.

3. Fulfills State Requirements

A correctly executed form ensures that the sale complies with state requirements. This, in turn, helps with the easy transfer of titles.

4. Gives Peace of Mind

This document helps prevent any future disputes. Thus, it brings peace to both parties that are involved in the transaction.

Frequently Asked Questions

Is a New Jersey Bill of Sale required to sell a car?

Yes, to sell a car in New Jersey, you need this form. The buyer needs it to get the title transferred and register the vehicle with the New Jersey MVC. The form also proves the purchase, speeds up the transfer procedure, and ensures its efficiency.

What specific information must be on a New Jersey Vehicle Bill of Sale?

First, the New Jersey Bill of Sale should have the full legal name and addresses of the buyer and seller. It should also have the details that can be used to identify the vehicle. It should also spell out the decided sale price and be signed by both parties to make it valid.

Does a New Jersey Vehicle Bill of Sale need to be notarized?

New Jersey Bill of Sale normally does not need notarization to be legally valid. However, it may provide additional legal assurance for the two parties in a private sale.

How do I transfer a car title in New Jersey with a Vehicle Bill of Sale?

To transfer title, the buyer needs the New Jersey Bill of Sale and the properly signed-over vehicle title from the seller. They also need a completed Application for Vehicle Registration (Form OS/SS-UTA). Then, they'll submit these to the local New Jersey MVC agency and pay the necessary fees.