When purchasing a motor vehicle in Nevada, buyers will need a Nevada vehicle bill of sale (Form VP-104). This is a legal document that certifies the transfer of ownership between two parties and is later used for registration. To complete the bill of sale template, both buyers and sellers will need to add their personal information along with details about the motor vehicle. It includes both the vehicle identification number (VIN) and odometer reading at the time of purchase.
The state of Nevada does not require that the title or the bill of sale be notarized when registering the motor vehicle unless otherwise specified.
Nevada bill of sale forms – this particular section can help you know more about some other bills of sale that can be used in Nevada.
After the certified date of purchase, buyers will have 30 days to complete registration of their new vehicle. If the motor vehicle is not certified within 30 days, it is subject to penalties and fees for improper operation on Nevada highways and roadways. For registration, buyers must gather documents and present them in person at any Division of Motor Vehicles (DMV) that is to their convenience. Documents necessary for registration include:
In addition to all listed documentation, some fees are required to complete title registration, including a $1 technology fee and a $6 safety fee for motorcycles. Registration fees for passenger vehicles and motorcycles are $33 and travel trailers $27. Taxes are also due at the time of registration and are calculated based on the motor vehicle’s value at the time of purchase. The minimum amount of taxes for registration of a motor vehicle is $16.00, using the value of the car plus 35%. Nevada also takes depreciation into account, using that as part of their calculations in determining the final fee for taxes due at registration. Those who are veterans or disabled are exempt from taxes and therefore must show proof of all therefore mentioned cases.
If a motor vehicle is purchased outside of Nevada, buyers will have to prove their payment of taxes by a certified document. If not, taxes must be paid before the vehicle can be legally registered and driven in Nevada.
Down below, you can find the guidelines written by drawing upon the template made by our team. However, should there be a form supplied by your local officials, it is always advised to use it in the deal.
Step 1: Indicate the date when document is created and filled out.
Step 2: Enter the purchaser’s and seller’s particulars:
Step 3: Fill in the details regarding the motor vehicle that you’re selling:
Step 4: Specify the transaction method and total price.
Type in the purchase date and specify the entire sum that must be paid for the motor vehicle. Next, pick one sale method:
Following that, decide on one payment method:
The final thing to do in this particular part is to choose whether all applicable taxes are included in the final cost.
Step 5: Check the miscellaneous terms.
This section normally contains the “as-is” provision that means the item is offered without a warranty.
Step 6: Now, the filled out form must be signed.
The buyer is usually not required to sign the form. Nevertheless, it’s advised to have the form signed by all sides. You can additionally have one or a few witnesses attest the transaction.
Step 7: Use the assistance of a notary public
Although notarization is almost never necessary, it may serve as one more way to shield against legal issues.
The purchaser needs to own the original bill of sale because it is commonly needed during the title transfer. There are two ways here: you should either prepare and sign two identical bills of sale or get a copy for the seller to store.