Nebraska Vehicle Bill of Sale Form

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.

Registering a Vehicle in Nebraska

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:

  • The bill of sale template signed and notarized
  • Application form for certificate of title
  • Odometer Disclosure Statement
  • Proof of payment of taxes (if not, buyers must be prepared to pay taxes on purchase price)
  • Sheriff’s inspection
  • Title with a vehicle identification number (VIN) and signatures of both parties on the back
  • Driver’s license and proof of liability coverage

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.

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

How to write Nebraska Vehicle Bill of Sale

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:

  • Full legal name
  • Address: Street, City, State of residence, Postal code
  • Contact information: Cell phone number, Email address

Step 3: Fill in the detailed information about the motor vehicle you’re selling:

  • Make (manufacturer)
  • Vehicle’s model
  • Vehicle’s body type
  • Year of manufacture
  • Distance traveled (odometer reading)
  • Automobile’s color
  • VIN

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:

  1. Providing the entire sum as a single transaction. Absolutely nothing complicated here: the seller is provided with the entire amount of money from the buyer in one payment and presents the automobile to the purchaser on the same day.
  2. Trade-in. When this particular option is picked, the selling side trades their vehicle for the vehicle offered by the purchaser. If the buyer’s vehicle is cheaper, they’ll have to even that out with an additional payment. The buyer’s vehicle details also have to be in the bill of sale.
  3. In installments. Enter the first deposit amount and the exact date it must be paid, together with the date by which the full sum must be transferred to the seller.

Then, indicate the way the buyer will pay:

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

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.

Published: Sep 17, 2020