Montana Vehicle Bill of Sale Form

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 form, 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.

Registering a Vehicle in Montana

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:

  • Application for certificate of title
  • Certificate of title from the seller (including signatures and odometer details at time of purchase)
  • Free bill of sale (notarized)
  • Buyer’s proof of liability insurance
  • Drivers license
  • Odometer Disclosure Statement (Form MV90-A)

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.

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Download your fillable Bill of Sale template in PDF, .doc, or .odt formats

How to write Montana Vehicle Bill of Sale

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:

  • Full name
  • Address: Street, City of residence, State of residence, Zip code
  • Contact details: Cell phone number, Email address

Step 3: Provide the details of the car or truck:

  • Make (manufacturer)
  • Vehicle’s model
  • Vehicle’s body type
  • Year of manufacture
  • Odometer value
  • Automobile’s color
  • Identification Number (VIN)

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:

  1. Providing the entire amount as a single transaction. One of the simple options: the purchaser pays the whole price in a single payment and has the motor vehicle delivered to them within a day.
  2. Trade-in. With this particular choice, the property owner wants to trade their motor vehicle for the buyer’s vehicle with an additional payment from the purchaser. You will also have to add the description of the buyer’s vehicle.
  3. Installments. Indicate the first deposit amount plus the exact date when it should be given, including the date by which the entire sum must be transferred to the property owner.

The next step is selecting the form of payment:

  • Cash
  • Cheque
  • Cashier’s check
  • Money order

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.

Published: Sep 17, 2020