When purchasing a vehicle in Maine, current owners and buyers will need to complete a Maine vehicle bill of sale. This document includes details about the motor vehicle including the vehicle identification number (VIN), make and model, and the exact odometer reading at the time of purchase. The bill of sale is needed at the time of registration along with a few other forms.
All forms and documents require presences at the buyer’s closest Bureau of Motor Vehicles (BMV) along with payment for fees for registrations. From the official date of purchase, buyers have 30 days to register their motor vehicles to avoid penalties. Registration is subject to fees including registration and title fees along with sales tax if it was not paid at the time of purchase.
Maine bill of sale templates – this section will let you learn more about other bills of sale that can be used in Maine.
Maine requires that all vehicles are registered to operate legally. Registration requires a few documents, one of which is the motor vehicle’s title. This includes details about the make and model of the vehicle along with the VIN and details about both buyer and seller. Both parties must sign the back of the title and print both their name and current address to complete registration. In addition to the motor vehicle title, buyers must also present the following documents to their local BMV:
With all of the documents prepared, new owners must personally present them at their closest BMV. Registration fees vary by vehicle type, but most passenger vehicles come with a fee of $35. Those with disabilities or specialized military plates (ex. Purple Heart or Prisoner of War) will pay no fees. Specialized or vanity plates are available for purchase at a minimum fee of $25. Other specialized vehicles for commercial use are charged by weight. In addition to registration fees, motor vehicles from 1995 and later come with a $33.00 title application fee. On top of the fees for registrations, residents in Maine should be prepared to pay a 5.5% sales tax on the purchase price of the vehicle unless otherwise paid. This could include out of state purchases where owners must show proof of payment of taxes in the state where the purchase was legalized.
The completing advice was written around the bill of sale form created by our team. But, you should opt for the official document in case it is available from the local authorities.
Step 1: Specify the date when document is created and filled out.
Step 2: Type in the purchaser’s and seller’s information:
Step 3: Define the vehicle being sold:
Step 4: At this point, you should specify the way you are going to receive money for the offer.
Type in the sale date and write the full sum that must be paid for the vehicle. As soon as that has been handled, you will need to mark the method of transaction:
The next step is deciding on the form of payment:
Finally, check whether the purchase amount contains all applicable taxes.
Step 5: Look at miscellaneous terms.
This section generally includes the “as-is” paragraph that means the item is sold without a warranty.
Step 6: Put your signature(s) in the appropriate areas.
For most states, the signature of the buyer isn’t required. Nevertheless, you will end up more protected from legal issues if all parties sign the bill of sale form. You could additionally have one or a number of witnesses attest the transaction.
Step 7: Have a notary public attest the form
Even though notarization is seldom mandatory, it functions as yet another way to shield against legal issues.
The original document copy has to be presented to the buyer as they will likely require it to get a title to their newly bought car. There are two approaches here: you should either fill out and sign two identical forms or get a copy for the seller to keep.