North Dakota Vehicle Bill of Sale Form
A North Dakota Vehicle Bill of Sale Form is an official document that primarily records the transfer of vehicle ownership. It details the sale and purchase of a vehicle between a seller and a buyer in North Dakota.
Why Do You Need a North Dakota Vehicle Bill of Sale?
A Vehicle Bill of Sale is vital in North Dakota when transferring a vehicle title. You also need it to register with the North Dakota Department of Transportation (NDDOT) . It should include key info like:
- The vehicle identification number (VIN).
- The make and model of the car.
- The year and the odometer reading for cars under 10 years old.
- The purchase price: This is used for calculating the sales tax.
The buyer and seller must sign the agreement form for the NDDOT to accept it. Although a North Dakota Bill of Sale form does not have to be notarized. However, it is necessary to complete the odometer disclosure statement on the title.
Common Uses of a North Dakota 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 North Dakota Bill of Sale Form:
- Ensures compliance with state regulations.
- Aids timely title transfer
- It helps prevent future disputes.
