An Iowa motor vehicle bill of sale is a legal document proving that a buyer and seller have transacted a vehicle deal. This form contains all details regarding the vendor, descriptive information about the vehicle, and the change of ownership. However, it doesn’t serve as proof of title.
There is an official bill of sale form, which you can use in Iowa state. It’s short and easy to complete. This bill of sale form consists of all the essential details, such as the seller’s and buyer’s names, vehicle description (including VIN), purchase price, and date of transaction.
Iowa bill of sale forms – find out more about some other bills of sale common in Iowa.
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|Document Name||Iowa Vehicle Bill of Sale Form|
|Other Names||Iowa Car Bill of Sale, Iowa Automobile Bill of Sale|
|DMV||Iowa Department of Transportation|
|Vehicle Registration Fee||Fees are based on weight and list price of the vehicle|
|Bill of Sale Required?||Yes|
|Avg. Time to Fill Out||7 minutes|
|# of Fillable Fields||8|
An Iowa official bill of sale form is used by vehicle owners to transfer a vehicle title through a sale to another person. The bill of sale can come in handy for the vehicle registration in DMV as proof of ownership. The Iowa vehicle bill of sale template is not hard to complete. Here are simple directions to help you quickly fill out this form.
Step 1: Provide the transaction details
In the first section, you are required to type in the seller’s name, vehicle details (make, year, and vehicle identification number), and the buyer’s name.
Step 2: Specify the purchase price
The following step is to indicate the amount of money being paid for the vehicle and the transaction date.
Step 3: Provide the seller’s signature
The seller is required to sign the bill of sale document. The buyer doesn’t need to sign the form.
Step 4: Notarize the document
In Iowa, some county treasures may require the parties to notarize the document. We recommend getting in touch with the county treasurer to get the factual requirements. Even if notarization is not mandatory, you can still get it to ensure that the document is legally binding.
This is the official bill of sale form provided by the Iowa State County Treasurers Alliance.
Form 411077 (Odometer Disclosure Statement) is required by federal and state laws to report the vehicle’s actual mileage upon the ownership transfer.
Form 411007 or Application for Certificate of Title and/or Registration for a Vehicle is used during vehicle registration.
Form 411108, also known as Motor Vehicle Damage Disclosure Statement, is required during a vehicle sale if the vehicle damage exceeds 50% of its fair market value.
Iowa state’s laws demand that all residents who have recently bought automobiles from individuals visit the nearest County Treasurer’s Office. New motor vehicle owners are recommended to present a motor vehicle bill of sale to facilitate the registration process. In addition, signing the Odometer Disclosure Statement (Form 411077) is required to show the vehicle’s actual mileage. Failure to provide accurate mileage is an offense that could land a person in legal trouble with the state. A smooth registration process requires you to furnish the authorities with these items:
Please note that the law requires you to register your vehicle within 30 days after purchasing or acquiring it. All delays lead to fines and other penalties the state may impose on offenders.