An Idaho motor vehicle bill of sale (Form ITD 3738) is an official document that proves that a motor vehicle’s selling and buying transaction happened legally. This form contains details concerning the vehicle’s buyer and seller. It also includes information showing the change of ownership and any other details necessary to protect the two parties of the deal.
Under some circumstances, this form needs notarization to verify its information. Otherwise, the relevant authorities will reject it. Thus, it’s prudent for both sides not to sign it until they appear before a notary for witnessing and identification. In other cases, the seller needs to provide an odometer for the motor vehicle they wish to dispose of. Moreover, a bill of sale serves as proof of ownership transfer.
Idaho bill of sale templates – consider some other bills of sale used in Idaho.
Read our guide to a bill of sale before learning your state’s requirements for a motor vehicle bill of sale.
Motor vehicle registration laws in Idaho require titling before duly registering a vehicle. It’s also possible to title and register a vehicle on the same day. However, the titling should precede the registration process. You can register your motor vehicle by visiting your nearest Idaho Transportation Department offices across the state. You only have to present yourself in person to any of these offices with the relevant documents. File the following documents and meet these requirements to register a vehicle in Idaho:
Besides the personal details an Idaho vehicle bill of sale contains about the buyer and seller, you will need to include this information:
The form should also include an odometer reading that proves the vehicle’s actual mileage. If the vehicle lacks an odometer, the bill should show if it has exceeded its mechanical limits. It’s also mandatory for the bill to show that the seller has agreed to sell the vehicle at a given date for a specific price. If the automobile has a lienholder, the bill should also state their name and address.
The vendor should agree to give the buyer a release of liability statement within five days after selling the motor vehicle. The seller’s signature proves they understand that they will face felony charges if they give any false details on the bill. Thus, truthfulness and transparency are mandatory when filling this critical document. Moreover, the buyer should sign this document knowing that they should apply for the vehicle’s title within 30 days. Otherwise, they will be penalized for late application.
The completing recommendations are intended around our vehicle bill of sale template. Yet, if there’s a form supplied by your local officials, it’s advised to choose it during the deal.
Step 1: Specify when the document is created and filled out.
Step 2: Type in the buyer’s and seller’s information:
Step 3: Type in the descriptive details of the automobile:
Step 4: Indicate the transaction method and selling price.
This part also involves specifying the exact date of the purchase and the full amount approved by all parties of the transfer. As soon as that is concluded, you will need to indicate the method of transaction:
Then, specify how the purchaser pays:
Lastly, indicate whether the purchase price contains all applicable taxes.
Step 5: Look at miscellaneous provisions.
They usually state that the buyer obtains the object sold in “as-is” condition and is liable for it after the purchase is finished.
Step 6: Now, the bill of sale must be signed.
The buyer’s signature is typically not mandatory. Yet, you will end up more protected against legal complications if both parties sign the document. As an additional precaution, you can have one or two individuals witness the process and sign the bill of sale.
Step 7: Have a notary public attest the document
Although notarization is almost never necessary, it functions as an additional way to safeguard against legal difficulties.
In the majority of states, a bill of sale could be required for title change, so the buyer needs to keep the original. There are two approaches here: you need to either fill out and sign two identical documents or get a copy for the seller to keep.