When two parties participate in an exchange of property of a motor vehicle in Louisiana, they will need a Louisiana bill of sale and vehicle title. This acts as a sales receipt, both proving the legal sale and purchase and transfer of motor vehicle title between the two said parties. Included on the form are both buyer and seller details along with the vehicle identification number (VIN) and price of purchase. For compliant completion, the bill of sale example must be completed and signatures witnessed by a notary public. All bill of sale forms notarized after August 1, 2012, must include a photo of the owner’s driver’s license, both valid and current.
In the state of Louisiana, a Notice of Vehicle Transfer form (form DPSMV1697) must be completed and turned in no later than five days after the date of purchase. From there, new owners have 40 days after the notarized date of purchase to register their new vehicle to avoid additional fees or penalties.
Louisiana bill of sale forms – find out more about bills of sale used for other property types in Louisiana.
Registrations require presence at the closest Office of Motor Vehicles (OMV) and presentation of required documents. These include:
At the time of registration, new owners should be prepared to pay between 4% and 9.5% of taxes on the value of the motor vehicle. Registration and title fees vary by county but do not exceed $8. Depending on the county of the new owner, they may be subject to additional taxes as per local requirements. Both active military and those who paid out of state taxes are exempt from motor vehicle taxes. Military members must show proof of taxes paid at the time of purchase and a copy of either military ID and or military orders to qualify.
Specific requirements vary by county, some of which require an additional smog inspection. The vehicle must comply with the safety and emissions regulations put forth by the state of Louisiana. In the state of Louisiana, license plates are not transferable. Therefore, a set of standard license plates is included with registration unless otherwise specified. Specialty plates come with a minimum $25 fee added to all registration costs.
The completing guide was developed for the bill of sale form created by us. Yet, it is best to consider the official form if it is provided by the local authorities.
Step 1: Indicate when the document is created and filled out.
Step 2: Type in the purchaser’s and seller’s particulars:
Step 3: Type in the descriptive details of the vehicle:
Step 4: Indicate the transaction method and total price.
This part also involves providing the exact date of the transaction and the entire sum decided upon by both parties of the deal. After that, pick one sale method:
After that, select one transaction method:
As a final point, specify whether the purchase cost contains all applicable taxes.
Step 5: Go through the miscellaneous terms.
This part typically has the “as-is” provision that means the item is sold with no warranties.
Step 6: Sign the bill of sale.
The buyer’s signature is generally not mandatory. Nonetheless, it is advised to have the bill of sale signed by both parties. You may additionally have one or a number of witnesses attest the deal.
Step 7: Use the assistance of a notary public
Using this method, you will get even more legal protection. However, this step is usually completely optional.
The original bill of sale copy should be presented to the purchaser because they are going to require it to receive a title to their newly bought car. There are two approaches here: you must either fill out and sign a pair of identical bills of sale or get a copy for the seller to have.