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If you purchase a vehicle from an individual, they need to sign the Oregon title and give it to you. The buyer and the seller must also complete the bill of sale. Within 30 days, submit an Application for Title and Registration to officially transfer ownership.
The buyer can submit the replacement title app, and the bill of sale (and lien release, if any) to DMV along with the fees for a new title, and an application for a new title in the buyer's name, and DMV will mail the new title to the new buyer.
Although not legally required in Oregon, a Bill of Sale can be helpful if problems arise when the buyer goes to transfer the title or register the vehicle in their name. Many private owners notarize their Bill of Sale as a best practice.
VEHICLE BILL OF SALE. DEPARTMENT OF TRANSPORTATION. DRIVER AND MOTOR VEHICLE SERVICES. ... PLATE NUMBER. YEAR. ... VEHICLE DESCRIPTION. VEHICLE IDENTIFICATION NUMBER. TITLE NUMBER. DMV. I transfer all rights, title and interest in the above-described vehicle to: PRINTED NAME OF BUYER (LAST, FIRST, MIDDLE) DATE OF PURCHASE.
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Beyond meeting legal requirements, a bill of sale can provide legal protection. It offers the buyer proof of ownership. It may also protect the seller from liabilities, as it clarifies the end of their responsibility for an item.
Oregon has no legal requirement to have the bill of sale notarized. The bill of sale can be written in plain English. There's no need to use legal jargon or archaic terms.