An Indiana motor vehicle bill of sale (also referred to as Form 44237 (R4 / 7-17) is a legally binding document that vehicle purchasers and vendors fill out as a witness that a transaction occurred between them. Indiana laws don’t mandate that the two parties notarize a bill of sale form. However, where notarization is necessary, the two sides should not sign it until they appear before a notary public for identity verification. Moreover, the bill is useful in showing that the vendor transferred the motor vehicle’s ownership to the buyer.
Indiana bill of sale templates – consider several other bills of sale used in the State of Indiana.
Registering a vehicle in Indiana is not hard if you follow the laid-down procedures. If you recently moved to Indiana, the law gives you 60 days to register the vehicle there and get license plates. Otherwise, you will be breaching the state’s motor vehicle laws.
You must present yourself personally in any of the IN BMV offices across the state. However, the state allows online motor vehicle registration if you meet some conditions. For example, you should provide all of the essential documentation and complete the process in 45 days. After this period ends, you must present yourself in person at the vehicle department offices. You should also supply all of the title details, your driver’s license, and pay the registration fee. When appearing at the offices, you should supply the following:
If you want to register a vehicle personally, the process takes 31 days. During this period, you can’t drive the motor vehicle in the state regardless of whether you bought it from a dealer or individual. Remember, it’s only mandatory to register your vehicle in person if you bought it more than 60 days from its current date.
If you exceed the laid-down 60-day deadline, you should visit the nearest BMV with the following:
You need to fill the information on the motor vehicle bill of sale in the Form 44237. Moreover, the motor vehicle sale bill should bear the seller’s and buyer’s legal names and physical addresses. It must also feature the automobile’s VIN, year of make, the purchase price, and sale date.
Below, you’ll see the guidelines written by using the form made by our team. Nevertheless, it’s best to go for the standard document if it’s provided by your local governmental bodies.
Step 1: Specify when the document is created.
Step 2: Type in the specifics of each party (purchaser and seller):
Step 3: Provide the descriptive details of the motor vehicle:
Step 4: Choose the way in which the purchaser will buy the motor vehicle and for what amount.
Type in the transaction date and state the full price that must be paid for the motor vehicle. You should also indicate the sale method the buyer will go for:
Your next step is deciding on the kind of payment:
As a final point, indicate if the purchase cost contains all applicable taxes.
Step 5: Read through standard provisions and confirm that all parties understand them.
They typically state that the purchaser acquires the property in “as-is” condition and is liable for it after the purchase is completed.
Step 6: Put your signature(s) in the appropriate fields.
In nearly all states, the signature of the purchaser is not mandatory. Yet, you will end up more protected from legal troubles if all parties sign the form. As an extra safety measure, you may have one or two people witness the process and sign the bill of sale.
Step 7: Notarize the bill of sale
Although notarization is rarely obligatory, it acts as yet another way to shield against legal troubles.
In the majority of states, a bill of sale document might be requested during title transfer, so the buyer needs to have the original. As a seller, you can either create a copy and store it or have two identical documents signed and filled out by both parties.