When a buyer and seller exchange ownership of a motor vehicle, they will need a Montana vehicle bill of sale (Form MV-24). It serves as documentation of a legal transaction and lists important information about the motor vehicle and both parties involved. Apart from the bill of sale template, buyers will need to collect the title, which includes the vehicle registration number (VIN) and signatures of both parties on the back. Before official signing, both the buyer and seller should be aware that the motor vehicle bill of sale requires notarization for authenticated use for vehicle registration.
After the official date of purchase, buyers will have 60 days to register their vehicle to avoid penalties or additional fees. They can do so by visiting the Motor Vehicle Division of the County Treasurer’s Office with the required documentation and fees payment receipts.
Montana bill of sale templates – this page can help you discover more about other bills of sale useful in Montana.
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At the time of purchase, buyers and sellers should be aware that an official Odometer Disclosure Statement (MV90-A) is necessary for the legal motor vehicle title transfer. This paper, along with other documentation and fees, is required at the time of vehicle registration. The full document package for the initiation of registration includes:
Fees vary by the vehicle type, age, weight, and the length of registration time. Passenger cars and pickups, along with other light motor vehicles, are subject to registration rates based on their age, where a vehicle 0-4 years of age will cost $217. Fees for the vehicles aged 5 to 10 years drop to $87, and for vehicles older than 11 years, buyers will pay $28. All registration fees are subject to a 3% administration fee that is not included in the above amounts. Montana does not have a state sales tax but has a personal property tax with a rate of 0.16%.
Fees for standard license plates are $10.30 for newly-issued plates that have the design from January 2010. Personalized plates can be purchased for an additional fee of $25 after filling out the Application for Personalized License Plates (MV8). Antique plates are available for motor vehicles more than 30 years of age, and Application for Registration of a Vintage or Pioneer Vehicle (form MV3) must be filled out and accepted for completion.
Down below, you can take a look at the directions written by using the template made by our team. Yet, if there is a form supplied by your local officials, it is advised to use it for the deal.
Step 1: Indicate when the document is created and filled out.
Step 2: Type in the purchaser’s and seller’s info:
Step 3: Provide the details of the car or truck:
Step 4: Specify the transaction method and total price.
Enter the sale date and specify the entire sum that must be paid for the vehicle. Then, choose one selling method:
The next step is selecting the form of payment:
The final thing to complete in this section would be to select if all applicable taxes are included in the price.
Step 5: Go through standard terms and make sure both parties understand them.
The “as-is” provision points out that the property owner gives no warranty and isn’t accountable for maintenance after the transaction.
Step 6: Place your signature(s) in the appropriate fields.
The consumer’s signature is generally not needed. However, it’s recommended to get the document signed by all sides. To be sure, the buyer and seller may find somebody who’ll witness the transaction and sign the document too.
Step 7: Notarize the document
Notarization is typically not needed, but it is an effective approach to add another level of legal protection to the agreement.
The original document copy should be presented to the buyer as they will need it to obtain a title to their new vehicle. There are two ways here: you need to either fill out and sign a pair of identical documents or get a duplicate for the seller to keep.