The New Jersey vehicle bill of sale is a document required in some cases for the private sale of a vehicle and its registration with the new owner. The bill of sale for a motor vehicle should include all personal details of the buyer and seller as well as the technical details of the motor vehicle being transferred such as its make, model, year of manufacture, and VIN. The buyer and seller should sign that document to verify the validity of the private deal’s details. It is not a substitute for the title of ownership.
New Jersey bill of sale forms – read more about bills of sale that can be used for different property types in the State of New Jersey.
There is no state mandate for the completion of a vehicle bill of sale in private deals with motor vehicles. The only mandatory requirement is the transfer of ownership title and a signature on the reverse side of the title about the change of ownership. The bill of sale form is required in cases when the Certificate of Ownership is absent (when the purchase is made in states not requiring the title).
Upon the completion of the private deal, the seller must remove their plates from the motor vehicle and submit them to a local Motor Vehicle Commission office (in case they don’t transfer the plates to another vehicle). The seller should also sign the title of ownership document and provide it to the new owner together with a completed bill of sale template – both serving as the proof of the new owner’s rights for the motor vehicle.
Registration of a motor vehicle by a new owner cannot be done by mail, with the buyer required to visit a local motor vehicle agency of the New Jersey DMV to present the following documents:
The registration process should be completed within ten days after the actual sale date. Otherwise, the new owner will have to pay a $25 fine for the delay in registration.
In case a person different from the purchaser signs the documents for the deal, the registration of a motor vehicle with the new owner is possible only by providing the Power of Attorney (POA) document.
Fees and taxes for the sale of a motor vehicle and its registration with the new owner include the titling fee (fixed at $60 for standard cases, $85 for financed vehicles with one lien, and $110 for financed motor vehicles with two liens), the registration fee (calculated depending on the vehicle’s category), and the sales tax fee calculated based on the vehicle’s estimated value.
The guidelines below are based on our custom-made bill of sale form. We highly suggest using the local official version if possible.
Step 1: Specify the date when document is created.
Step 2: Provide the specifics of each party (seller and purchaser):
Step 3: Enter the descriptive particulars of the car or truck:
Step 4: Specify the transaction method and price.
This part also requires providing the date of the purchase and the full amount approved by both sides of the transfer. As soon as that is handled, you need to specify the way of transaction:
After that, choose one transaction method:
Lastly, check if the purchase amount contains all applicable taxes.
Step 5: Look at miscellaneous provisions.
The “as-is” provision states that the seller gives no warranties and is not liable for maintenance after the transaction.
Step 6: Now, the document must be signed.
The buyer’s signature is generally not needed. Yet, you’re more protected from legal problems if both parties sign the form. Just to be on the safe side, the parties could choose a person who will witness the deal and sign the bill of sale too.
Step 7: Use the help of a notary public
With this, you will have more legal protection. However, this step is usually entirely optional.
The original document copy must be given to the buyer since they’ll require it to get a title to their newly bought car. As a seller, you can either get a copy and store it or have a pair of identical documents signed and filled out by both parties.