Texas Vehicle Bill of Sale Form
A Texas Vehicle Bill of Sale Form is a legal document used to register the sale of a motor vehicle in Texas. It also records the transfer of ownership from a seller to a buyer.
Why Do You Need a Texas Vehicle Bill of Sale?
A Vehicle Bill of Sale is vital in Texas when transferring a vehicle title. You also need it to register with the Texas Department of Motor Vehicles (TxDMV). This should be done via the county tax assessor-collector's office.
The form should include key details like:
- The vehicle identification number (VIN).
- The make and model of the car.
- The year and the current odometer reading.
- The agreed purchase price: This is used to calculate the sales tax.
The buyer and seller must sign the agreement form for the TxDMV to accept it. Normally, the Texas Bill of Sale itself does not need to be notarized. However, it is necessary to complete the odometer disclosure statement on the title.
Common Uses of an Texas Vehicle Bill of Sale
This form formally signifies that the seller no longer owns the vehicle. It transfers all associated liability to the buyer. For the buyer, it is primary evidence of their new ownership. It is necessary for securing registration, insurance, and future resale.
A properly executed Texas Bill of Sale Form:
- Ensures compliance with state regulations.
- Aids timely title transfer
- It helps prevent future disputes and offers peace to both parties.
Yes, a Bill of Sale Form is essential for selling a car legally in Texas. The buyer is required to complete the transfer of title and the vehicle registration with TxDMV. This form proves the purchase. You will also need this form to finalize the transfer process correctly and promptly.
A Texas Bill of Sale should include the buyer's and seller's full legal names and addresses. The date of the transfer, the vehicle's year, make, model, VIN, and current odometer reading. It should also specify the sale price that the buyer has agreed to pay.
In most cases, a Texas Bill of Sale does not require notarization to be legally valid. However, it’s important that both parties complete and sign the assignment for the vehicle title section. This also includes the odometer disclosure statement. Notarizing this form may provide additional legal assurance for the two parties.
In Texas, the buyer needs a Bill of Sale to transfer a vehicle title. This must be accompanied by a properly signed-over vehicle title from the seller. They also need a completed Application for Texas Certificate of Title (Form 130-U). The proof of payment for sales tax, title transfer, and registration fees is also included. These, together, are then taken to their local county tax assessor-collector's office.