Introduction to Nevada Bill of Sale
The State of Nevada’s Department of Motor Vehicles (DMV) requires the completion of the DMV Nevada Bill of Sale Form when selling or buying a vehicle. The State law also requires you to only keep your vehicle plates if you want to use them on another vehicle or turn them in for cancellation before 30 days of the sale.
What is Nevada Bill of Sale?
The state of Nevada Bill of Sale is a legal document that certifies the exchange of physical property between two people. It’s a document that contains the details of both the owner of the property and the recipient, as well as the information of the property exchanged.
What are the Requirements for Nevada Bill of Sale?
- You will have to complete an Application for Vehicle Registration (Form VP-222)
- The title that was signed over to you
- A bill of sale
- A Nevada Emission Vehicle Inspection Report (if required)
- Proof of Auto Insurance in the state
- A copy of an auto lease agreement (if you’re leasing the vehicle)
- Nevada state photo ID/Driver’s License
- Manufacturer’s Certificate of Origin (MSO) (if purchased from a NV dealer or an out of state dealer)
- Purchase order (if purchased from a dealership)
How to Register a Vehicle – What to Know as Buyer or Seller
- A title signed over to you
- A bill of sale
- Photo ID
- Proof of residency that matches your ID
- Proof of insurance
- Odometer Disclosure Statement (VSA-5)
- Inspection Certificate
- You should be prepared to pay all titling and registration fees.
Notice For Sellers
If you choose to transfer the vehicle plates to the buyer, you will have to complete a License Plate Release. It is important to note that registration fee credits will not be transferred to the buyer.
If, for any reason, you have left the plates on a sold vehicle, you may complete a Lost, Mutilated, or Stolen License Plate Affidavit. This must be signed or notarized in person at the State’s DMV.
You have to provide a correctly signed-off title to the buyer in the private party sales, gifts, or family sales as a seller. Any loan or other lien must be completely satisfied first.
Note that if the title says “Person 1” and “Person 2”, both parties will have to sign it. Meanwhile, if the title says “Person 1” or “Person 2”, either party can sign with or without the other.
If you, as the seller, do not have a title, you will have to apply for a duplicate from that state where the title was last titled.
Notice For Buyers
As a buyer, you take responsibility for emission inspections in Nevada and for obtaining movement and insurance permit to legally drive the purchased vehicle on public streets in the state.
The DMV Nevada Bill of Sale and Online Sale Notification serve as proof that you sold the vehicle. This is especially vital in case the vehicle gets abandoned later. Once you complete the online notification, the new owner’s information you enter will be transferred to wreckers and tow car operators if the vehicle gets abandoned.
When you are buying a vehicle from a private party or receiving it as a gift, you must have a property signed-off title to complete the vehicle registration and transfer ownership. A DMV Nevada Bill of Sale alone is not acceptable. If the seller does not provide a title, the record owner will have to send an application to the state for a duplicate.
And if the seller has a lease or loan on the vehicle, it must be satisfied, and the lien lessor or holder must deliver the title before the vehicle can be purchased. This can be an overwhelming process if the title is being held by a lender that is out of state or if it has been misplaced.
Furthermore, you have to obtain insurance and movement permit to be able to drive the vehicle on public streets in the state. You can submit the signed-off title or other proof of ownership at the State’s DMV office to obtain a movement permit.
How to Write Nevada Bill of Sale
- Name of the seller and the buyer
- Complete address of the seller and the buyer
- Complete vehicle description, which includes make, model, body style, year, and Vehicle Identification
- Number (VIN).
- The vehicle odometer reading at the time of sale.
- Date of sale
- The sale price
- Signature of the buyer and the seller
- A notary public seal identifying the buyer’s and seller’s signature is required.
Vehicle Sellers Should:
- Issue a proper title to the buyer
- Make use of the My DMV Registration Cancellation and Verification resale Notification to notify the state’s DMV and also receive the registration fee credit.
- Keep the vehicle license plates to surrender them or transfer them to another vehicle.
- In a situation where the vehicle is registered to a family trust, the seller should complete a Trustee
- Appointment and Power Affidavit – see here.
- Complete and keep the DMV Nevada Bill of Sale Form as a record of the transaction.
- Last titled in the State of Nevada.
- Is more than nine model years old and
- Has no liens or the current owner has a lien release, the buyer and owner can then complete the following: an application for Duplicate Title and a Bill of Sale to transfer ownership.
The importance of a Nevada DMV Bill of Sale cannot be overemphasized. Ensure to get one each time you want to buy or sell your vehicle in the state of Nevada. You can get more information from their official website.