To finalize a legal sale of a motor vehicle, buyers and sellers must fill out a Nebraska motor vehicle bill of sale. The document has a place for specific vehicle details and both buyer and seller personal information. At the time of purchase, buyers must make sure to get a few things from sellers that will be needed to register the vehicle. Among these are the title of the vehicle with signatures on the back, the bill of sale form (which must be notarized), and the Odometer Disclosure Statement for verification of mileage at the time of purchase.
At the time of notarization and the official date of purchase, buyers have 30 days to register the motor vehicle to avoid penalties. Proper motor vehicle registration is required for operation among Nebraska’s highways and roads. All other instances are acting in violation of the law.
Nebraska bill of sale templates – learn more about bills of sale that can be used for different assets in the State of Nebraska.
This article will let you get more information regarding bills of sale in general.
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Click here for more information about the steps you should take before registering your ownership of a newly purchased motor vehicle.
To register a vehicle in Nebraska, buyers must gather and present documentation in person to the Nebraska DMV/County Treasurer’s Office. Besides that, buyers must come prepared to pay all fees and taxes, which are determined by the vehicle’s estimated value. Included in the forms and documents needed at the time of presentation are:
As far as fees are concerned, buyers must be prepared to pay all at the time of registration. They include a $10 title fee and a $15 registration fee. Taxes are based upon the Manufacturer’s Suggested Retail Price (MSRP) at the time of purchase and are taxed based on Nebraska’s base tax system. It holds true on all vehicles that are less than 14 years of age. All cars 14 years old and above are taxed based on the purchase price. Taxes are as low as $25.00 and can span up to $1,000 for motor vehicles valued $100,000 and up. For any motor vehicle that operates using a type of fuel that is not included in Nebraska’s motor fuel laws, they are subject to an alternative fuel fee of $75. The latter must be paid each time registration is renewed.
The filling guide was developed for the bill of sale template created by us. But, should there be a document supplied by your local authorities, it’s advised to choose it for the deal.
Step 1: Specify the document’s creation date.
Step 2: Type in the seller’s and purchaser’s details:
Step 3: Fill in the detailed information about the motor vehicle you’re selling:
Step 4: Enter the payment method and total price.
Type in the purchase date and specify the entire price that must be paid for the vehicle. After that is handled, you need to indicate the method of purchase:
Then, indicate the way the buyer will pay:
Finally, check if the purchase price contains all applicable taxes.
Step 5: Look at standard terms and ensure that both parties are familiar with them.
They usually say that the purchaser acquires the property in “as-is” condition and is liable for it after the purchase is finished.
Step 6: Sign the bill of sale form.
The buyer’s signature is typically not mandatory. However, you are more protected from legal troubles if both parties sign the form. To ensure mutual safety, the parties can choose a person who’ll witness the deal and sign the document as well.
Step 7: Use the services of a notary public
Using this method, you’ll have even more legal protection. But, this is typically entirely elective.
The original document copy must be presented to the purchaser as they are going to need it to receive a title to their newly bought vehicle. As a seller, you could either make a copy and keep it or have two identical documents signed and completed by both sides.
