The South Dakota vehicle bill of sale (Form MV-016) is a legal document used by sellers and buyers of motor vehicles to prove the legality of their private vehicle transactions. The bill of sale template is filled by both parties of the transaction with valid personal identifying data of the seller and buyer, and details about the car (make, model, model year, year of manufacture, and the VIN). The bill of sale is not mandatory for the registration of a vehicle by a new owner, but it is highly recommended as additional legal proof of the deal’s legality and a record of the motor vehicle’s chain of ownership and value.
South Dakota bill of sale forms – this section will help you read additional information on other bills of sale that can be used in South Dakota.
A vehicle’s registration in South Dakota is required within 30 days after the completion of purchase. To complete registration and obtain a new title of ownership for the vehicle, its new owner should visit a local County Treasurer’s Office and provide the following documents:
Form MV-608 should be filled and signed both by the new owner of the motor vehicle and an authorized agent. It includes the purpose of the application request, the vehicle information (VIN, year, make, model, color, previous state or brand, and the motor vehicle type, weight, and fuel type). The owner and address information are also provided in that application together with the title mailing address information, contact information, and purchase information. The document ends with an unsworn declaration of correct information contained in the form.
Besides that, the new owner of the vehicle should pay all taxes and fees related to the purchase. All vehicles purchased in South Dakota are subject to a 4% motor vehicle excise tax while mobile and manufactured homes are taxed at the amount of 4% of the initial registration fee. Registration fees for non-commercial vehicles include $75.60 (for those below 9 years old) and $50.40 (for vehicles older than 9 years). Registration of motorcycles requires paying $18 for the registration ($12.60 for those older than 9 years).
License plates will cost the new owner $10 (an initial plate fee) while those who receive them by mail will have to pay an extra mailing fee of $5.
Vehicle inspection is not required for the registration. You do not need to submit emissions testing statements even if you bought a vehicle outside of South Dakota.
Down below, you’ll see the directions compiled by using the form made by our experts. Nevertheless, should there be a form available from your local authorities, it is always recommended to choose it in the transaction.
Step 1: Indicate when the document is created and filled out.
Step 2: Type in the particulars of each party (buyer and seller):
Step 3: Enter the descriptive details of the motor vehicle:
Step 4: At this point, you should specify the way in which you will receive money for the deal.
This step also requires providing the date of the transaction and the complete sum decided upon by both parties of the transaction. You will need to also mark the selling method the purchaser will go for:
The next step is deciding on the way of payment:
Finally, specify whether the purchase amount contains all applicable taxes.
Step 5: Go over standard terms and confirm that all parties are aware of them.
They generally say that the buyer acquires the property in “as-is” condition and is responsible for it after the transaction is completed.
Step 6: Now, the form must be signed.
The consumer’s signature is generally not needed. Nonetheless, it’s recommended to have the document signed by each party. Just to be on the safe side, the parties could find a person who can attest the transaction and sign the bill of sale too.
Step 7: Notarize the document
Even though notarization is almost never necessary, it may serve as yet another way to guard against legal troubles.
The original bill of sale copy must be presented to the buyer because they will need it to get a title to their newly bought car. There are two ways here: you should either fill out and sign a pair of identical forms or make a duplicate for the seller to have.