An Ohio vehicle bill of sale is a legal document used by Ohio residents to conclude a private sale of a motor vehicle. It is not required for the sale record but can come in handy if the parties want to secure themselves during the deal. The bill of sale template should include the seller’s and buyer’s data and the information about the vehicle, including its make, model, year of manufacturing, and identification number.
Ohio bill of sale templates – click to get more Ohio-related bill of sale templates that you may need.
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|Document Name||Ohio Vehicle Bill of Sale Form|
|Other Names||Ohio Car Bill of Sale, Ohio Automobile Bill of Sale|
|DMV||Ohio Bureau of Motor Vehicles|
|Vehicle Registration Fee||$34.50|
|Bill of Sale Required?||Yes|
|Avg. Time to Fill Out||7 minutes|
|# of Fillable Fields||59|
Ohio residents need to complete a motor vehicle bill of sale to register their purchased vehicle. Here, you’ll find the guidelines developed by drawing upon the template developed by our team.
Step 1: Specify when the document is created
The first step you need to take is to specify the transaction date.
Step 2: Type in the parties’ information
After specifying the date, you are required to fill out all the details related to the purchaser and seller, including:
Step 3: Describe the vehicle being sold
In this part, you are expected to enter the detailed information about the vehicle that you are trying to sell, such as:
Step 4: Specify the price and payment method
As the seller, you will need to indicate how you’ll get money for the deal. This step requires providing the date of the purchase and the sum decided upon by all parties of the deal. You will have to indicate the selling method the buyer will use to pay the total purchase price:
Then, indicate how the purchaser is going to pay. You can select among the following options
The final thing here is to choose whether all applicable taxes are included in the purchase price.
Step 5: Check the miscellaneous terms
You need to go through the standard provisions and ensure both sides understand them. The “as-is” part indicates that the vehicle owner provides no warranty and is not liable for repairs after the transfer.
Step 6: Sign the document
The buyer’s signature is usually not necessary. Nonetheless, it’s recommended to get the bill of sale signed by all sides. As an additional precaution, you may have one or two people witness the process and sign the bill of sale.
Step 7: Notarize the form
Notarization is usually not required, but it is a decent approach to create one more layer of legal safety to your agreement.
The original document copy should be given to the buyer since they’ll require it to get a title to their newly bought motor vehicle. As a seller, you could either get a copy and keep it or have a pair of identical forms signed and filled out by both sides.
Application(s) for Certificate of Title to a Motor Vehicle (Form BMV 3774) is provided by the Bureau of Motor Vehicles to apply for a title after the vehicle purchase.
Federal and state laws require you to submit Form BMV 3724 (Odometer Disclosure Statement) when selling the vehicle in Ohio to report the vehicle’s actual mileage and discrepancies (if any).
The registration process takes place after the purchase of a motor vehicle. When a vehicle is transferred from one person to another in Ohio, the new owner will need to provide an odometer disclosure statement (Form BMV-3724) along with a motor vehicle bill of sale for the vehicle’s official registration. The registration procedure may be completed in any local BMV Office in Ohio where the owner should appear in person to provide the following documents:
The bill of sale is not mandatory in Ohio. Still, it is recommended to complete this document for the sake of the seller’s and buyer’s security, as this notarized document contains all of the crucial transaction-related information. Besides that, the seller should fill in the “assignment of ownership” section of the title form to include the purchase price, date of ownership transfer, the vehicle’s current mileage, and the buyer’s data.
The vehicle’s buyer should pay all taxes for the vehicle’s purchase and registration fees within 30 days after the private transaction. Owners may opt to receive 45-day temporary tags, which can be issued only before the title change. Only permanent Ohio plates can be obtained for the vehicle once the Ohio title is given to the new owner by the BMV Office.
The sales tax is imposed on vehicle transactions with private sellers and official dealers. The amount of sales tax to be paid is determined depending on the declared value of the vehicle (that indicated in the bill of sale).
Registration is undertaken in the local deputy registrar license agency personally and cannot be completed by mail.