A Georgia motor vehicle bill of sale (Form T-7) is a legally binding document. This form confirms that a vehicle sale transaction happened between two willing parties—a buyer and seller. Georgia doesn’t mandate this document, although it’s vital in vehicle sale and purchase transactions. Also, it’s not mandatory to notarize it. However, it’s still beneficial for both parties to involve an attorney in the deal.
Moreover, the form provides essential details about the seller and buyer. It discloses their legal identities plus their physical, email, and postal addresses and contains the price the seller is willing to accept for their vehicle and its sale date. Thus, it comes in handy where the motor vehicle’s certificate of title lacks this crucial information, although it can’t replace information on this document. If a discrepancy exists between the two documents’ information, the one on the certificate overrides the one on the bill.
Georgia bill of sale forms – this particular section will allow you to learn more about other bills of sale you can use in Georgia.
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Georgian laws require that all vehicles be registered within 30 days of buying them. All new Georgian residents or those relocating between its counties should register their vehicles within the same timeframe. Otherwise, they will face delay penalties. You can’t drive here if you are new until you have the state’s driver’s license and register your automobile.
You must register your vehicle at the nearest County Tag Office. There, you’ll need to fulfill the following requirements to complete your motor vehicle registration. Before visiting your nearest Georgia Tag Office, make sure that you:
Besides providing crucial details about the vehicle, for instance its VIN, the bill of sale benefits both parties in other ways. It protects the seller from all legal liabilities that could face the car after selling it. For example, if the motor vehicle gets involved in a road accident or receives traffic tickets, they won’t be held responsible.
The bill of sale also benefits the buyer in several ways. The form reminds them of a pending transfer that requires their participation, so they should be ready to fulfill their legal obligations within the stipulated period. And secondly, it reminds them that they don’t have any financial obligation to the vehicle’s previous owner because they have paid them.
Lastly, the bill provides all the necessary description of the car. It describes the vehicle’s color, make, year of manufacture, and model. Also, it states if the car has any damage that could adversely affect or alter its fair market price.
The filling advice was written around the bill of sale template created by our team. However, should there be a form available from your local authorities, it’s recommended to use it in the deal.
Step 1: Indicate the document’s creation date.
Step 2: Type in the buyer’s and seller’s info:
Step 3: Define the motor vehicle being sold:
Step 4: At this point, you will need to specify the way you’ll receive money for the deal.
This stage also involves specifying the date of the purchase and the entire sum approved by both parties of the transaction. Then, decide on one sale method:
Your next step is deciding on the type of payment:
Lastly, check whether the purchase amount includes all applicable taxes.
Step 5: Read through standard terms and make sure all parties are familiar with them.
They generally state that the buyer acquires the property in “as-is” condition and is responsible for it after the purchase is finished.
Step 6: Sign the form.
The consumer’s signature is generally not mandatory. Nonetheless, you’ll be more protected from legal problems if both sides sign the bill of sale form. You can also have one or a few witnesses attest the transaction.
Step 7: Use the assistance of a notary public
Even though notarization is almost never necessary, it may serve as one more way to safeguard against legal difficulties.
In most states, a bill of sale may be needed during title change, so the buyer needs to keep the original. As a seller, you may either get a copy and keep it or have a pair of identical documents signed and completed by both parties.