A Nebraska motor vehicle bill of sale is a legal tool that helps sellers and buyers complete a vehicle sale. The document has a place for specific vehicle details and both parties’ personal information.
The Nebraska Department of Motor Vehicles (DMV) provides Nebraska residents with official bill of sale template they can use when they plan to sell or buy motor vehicles. The bill of sale form will come in handy during the registration process. Apart from the bill of sale, the buyer must get the vehicle’s title with signatures on the back and an odometer disclosure statement to verify the mileage at the time of purchase.
Nebraska bill of sale templates – learn more about bills of sale that can be used for different assets in the State of Nebraska.
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|Document Name||Nebraska Vehicle Bill of Sale Form|
|Other Names||Nebraska Car Bill of Sale, Nebraska Automobile Bill of Sale|
|DMV||Nebraska Department of Motor Vehicles|
|Vehicle Registration Fee||$15|
|Bill of Sale Required?||Yes|
|Avg. Time to Fill Out||7 minutes|
|# of Fillable Fields||26|
A vehicle bill of sale is an official document required at Nebraska DMV to register of the vehicle, title, or ownership transfer. This form is usually needed when the vehicle is sold to document the transaction between the transferor and the transferee. Here are simple instructions on how to correctly complete the form.
Step 1. Indicate the date of sale
First, you need to state the actual date when the vehicle was sold.
Step 2. Specify the selling price
This section is filled out by the seller, who needs to indicate the total amount of money the vehicle costs and write the name of the transferor (the person who is selling the vehicle) and transferee (the person who purchases the vehicle and obtains the ownership rights).
Step 3. Describe the vehicle sold
In this section, the seller must provide valid information regarding the vehicle, such as:
Step 4. Provide the transferor information
Clarify the contact details of the vehicle seller, providing their full name, address (street, city, state, and zip code), and phone number.
Step 5. Give the transferee information
Here, you must provide the contact information of the person who purchases the vehicle. Similar to the seller, the buyer must write down their full name, physical address (street number, city, state, and zip code), and phone number.
Step 6. Provide the parties’ signatures
After that, the seller and buyer must sign the document to confirm that they agree on and are aware of the information provided.
Step 7. Notarize the bill of sale
The last step is to get the signature of a notary public or county official to verify the document and make it legally binding.
The official Bill of Sale Form for Motor Vehicles in the State of Nebraska.
Form RV-707 is used to apply for a Certificate of Title for a motor vehicle or vessel.
If the original title certificate is lost or damaged, you should fill out the Form RV-707a provided by Nebraska Department of Motor Vehicles.
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 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 at $100,000 and up. Any motor vehicle that operates using a type of fuel not included in Nebraska’s motor fuel laws is subject to an alternative fuel fee of $75. The latter must be paid each time registration is renewed.