New York DMV Bill of Sale

New York DMV Bill of Sale

Introduction to New York Bill of Sale

When you sell or buy a vehicle in the State of New York, a Bill of sale DMV New York is required along with the title transfer on the vehicle title. Proof of ownership of a vehicle normally includes a NY DMV Bill of Sale if purchased from a dealer. The buyer and the seller must complete the Bill of Sale.

What is New York Bill of Sale?

The DMV New York Bill of Sale is a legal form that serves as proof of legal transfer of ownership of any vehicle in the State of New York. It is a form that provides information about the buyer, the seller, and the change of ownership.

Before you purchase a vehicle, ensure to receive a DMV New York Bill of Sale. If you don’t, you might face difficulties when you want to register the vehicle.

What are the Requirements for New York Bill of Sale?

  • You are required to apply for the Certificate of Title and Registration
  • The title to the vehicle
  • Proof of ownership
  • A bill of sale
  • You must provide a valid copy of your vehicle title from the lien holder – That is, if your vehicle has a lien on it.
  • You must provide a statement from the lien holder on the company letterhead that identifies the owner.
  • The lien’s statement must indicate the model year, make, and the Vehicle Identification Number (VIN).
  • The statement must also prove that the lienholder has possession of the original title and is fully aware that the vehicle owner registered the vehicle in the State of New York.
  • Also, be prepared to pay all registration and titling fees at the time of registration.

Information Included in a DMV New York Bill of Sale Form

The following information is what you can find in an acceptable New York Bill of Sale:

  • Year and model of the vehicle
  • Vehicle Identification Number (VIN)
  • Purchase price
  • Date of sale
  • Names and signatures of the seller and buyer.

How to Register a Vehicle

  • 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.

The seller and the buyer can keep photocopies of the Bill of Sale in their records. However, the new owner must submit the original Bill of Sale to the State of New York DMV with other required proofs of ownership. You must note that a Bill of Sale is not entirely an acceptable proof of ownership with additional evidence.

In a situation where you were gifted a vehicle, you’ll also need a Bill of Sale. This suggests that if your vehicle came as a gift, you should indicate it on the Bill of Sale and also indicate ‘$0’ in the purchase price. You’ll also have to indicate that the vehicle is a gift on a Statement of Transaction – Sales Tax Form.

As a buyer, you must sign the Bill of Sale, pay sales (or show proof of exemption), title and register the vehicle or transfer a registration from another vehicle you own.

All proofs of ownership required to register and title a vehicle in New York are different for several types of vehicles, including cars, boats, snowmobiles, trailers, etc.

Additionally, if you purchase a vehicle eight model years old or newer, the State of New York DMV will not register or provide you with a new title certificate. The exception is only if the seller has completed the title, and you, as a buyer has signed the damage disclosure statement on the reverse of the vehicle’s Certificate of Title or have attached a completed damage disclosure on an Odometer and Damage Statement. This statement shows whether or not the vehicle’s new title certificate needs to be branded “Rebuilt Salvage.”

Nevertheless, if your vehicle is older than eight model years, the damage disclosure statement is not required.

Furthermore, for vehicles that are ten model years old or newer, the seller will have to complete the Odometer Disclosure Statement behind the title certificate.

How to Write New York 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.

For more detailed information, visit the State of New York Department of Motor Vehicles.

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