When two parties exchange ownership of a motor vehicle, they will need to complete a Massachusetts bill of sale. This is a legal document that notes the legal sale and is needed when it comes time to register the vehicle in question. It requests details about the motor vehicle including the vehicle identification number (VIN), and basic information about both parties like address and phone number. Unlike other states within the United States, Massachusetts does not require a bill of sale if the title is available. It includes cars that are excused from title due to age and trailers that are less than 3,000 pounds.
Massachusetts vehicle bill of sale forms do not have to be notarized, but both parties may choose to notarize documents to authenticate the transaction further. This stands for both vehicles and boats, though vessels will need to visit Energy and Environmental Affairs regional registration offices. They are subject to the same fees and must be presented with similar documentation to a motor vehicle.
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Once the motor vehicle has changed ownership, new owners will have seven days to inspect the motor vehicle. The bill of sale, along with a reading of the odometer at the time of sale, is required to complete proper registration of the vehicle, legalizing their operation on any Massachusetts highway or road as well as the many surrounding lakes. New owners will need to gather together paperwork and forms to present them in person to their local Registry of Motor Vehicles Branch no more than 60 days after the purchase date. Documents needed for registration include:
When presenting all paperwork and documents at the time of registration, new owners must pay all fees, including a sales tax of 6.25% on the entire purchase price. If the motor vehicle in question was purchased out of state, buyers must show proof that taxes were paid on the vehicle or be prepared to pay them at the time of registration. The fee for titles is $75, and other fees depend on the motor vehicle type. Most commercial fees vary by weight, and motorcycles are subject to a fee of $20 for registration and titling. All fees must be paid before the registration, which must take place in less than 60 days to avoid any penalties.
The completing advice was developed for the bill of sale template created by our company. Nevertheless, it is advisable to go for the standard form when it’s provided by the local governmental bodies.
Step 1: Indicate the date when document is created.
Step 2: Type in the buyer’s and seller’s information:
Step 3: Enter the descriptive details of the car or truck:
Step 4: Pick the way the purchaser will pay for the motor vehicle and for how much.
This stage also requires indicating the exact date of the purchase and the total amount approved by both parties of the transaction. As soon as that is done, you need to specify the method of purchase:
Now, indicate the way the buyer is going to pay:
The final thing to do within this section is to choose if all applicable taxes are included in the price.
Step 5: Read the miscellaneous terms.
This section generally has the “as-is” paragraph that means the object is purchased with no warranties.
Step 6: Sign the bill of sale form.
The purchaser is generally not required to sign the bill of sale. Nevertheless, it is recommended to get the document signed by all parties. As an extra precaution, you can have one or two people attest the process and sign the document.
Step 7: Use the services of a notary public
Notarization is typically not mandatory, but it can be an effective way to add an additional layer of legal safety to the deal.
The original bill of sale copy must be presented to the purchaser as they will likely need it to obtain a title to their new car. As a seller, you could either get a copy and store it or have a pair of identical forms signed and filled out by all parties.
