Introduction to Oregon Bill of Sale
If you purchase or sell a vehicle in Oregon, a Bill of Sale Oregon is a mandatory document to record the transaction and for registration and titling. A Bill of Sale Oregon DMV is accepted as proof of transfer of ownership when you’re registering for a vehicle’s title transfer.
What is Oregon Bill of Sale?
The Bill of sale Oregon DMV forms are considered legal documents for the sale and purchase of vehicles in the state of Oregon. The document serves as proof that a vehicle has been legally sold and purchased. It also provides information regarding the seller and the buyer, and in some cases, disclosures of defects, and specifics for any vehicle being sold and purchased. There are also some documents that may be demanded for registration and may involve notarization to prove the authenticity of the information provided.
What are the Requirements for Oregon Bill of Sale?
- You must apply for title and registration. It is possible to complete this application online or print it and take it along with you to your local DMV.
- Identification/Driver’s license
- A Bill of Sale
- You’ll need a Manufacturer’s Certificate of Origin (MSO) if you are registering a new vehicle
- The year 2009 vehicle model and newer models must comply with the state’s low vehicle emissions requirements.
- You must acquire a “lien release” from your vehicle’s former owner if you have a lien on your vehicle.
- You tender an Odometer Reading statement either on the application or on the back of the title.
- You will need to present a Vehicle Identification Number (VIN) inspection (if applicable)
- You should also be prepared to pay all titling, licensing, and registration fees.
- Your vehicle license plates will be available to you at the time of registration as soon as all the information is tendered and verified.
How to Register a Vehicle in Oregon
- 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
In a situation where you want to sell, giving, or donating your vehicle, and you still owe money on your vehicle loan, the security interest holder serves as the legal owner. Therefore, you can’t sell, gift, or donate the vehicle until you have paid off the loan, and they have given you the title with a written release of interest (also called Lien Release).
All you have to do when selling, gifting, or donating a vehicle to someone else, is to sign the title over to the person you intend to transfer ownership to, and you must also notify the State of Oregon DMV.
The Oregon DMV provides a printable version of the Bill of Sale Oregon DMV and an Online version of the Bill of Sale Oregon DMV. The Bill of Sale Form protects the seller in a situation where the buyer abandons the vehicle or fails to register it.
How to Write Oregon 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.
Here are Instructions to Sell, Gift, or Donate a Vehicle in Oregon
- Sign the title for recipient/buyer and all other owners on the front page of the title
- There is also a section for the seller(s) and buyer(s) to sign on the title’s back page.
- In case the title is older, you are likely to see a section for “newcomers” and “registered owners” instead.
- If applicable, record the odometer reading of the vehicle.
- You are also required by law to notify the State of Oregon DMV of a sale within ten days by using an Online Notice of Vehicle Sale.
The Oregon DMV Bill of Sale is very important in the exchange of vehicles in the state of Oregon. It is an evidence of transfer of ownership that hold substance anywhere across the nation, which is why it is highly recommended.
To download a copy of a Notice of Transfer or Sale of a Vehicle, follow this link, and then you fill out the form and send it to their email.