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It is only necessary to notarize the bill of sale, invoice, or title. However, if a trade vehicle is listed on the bill of sale, it must be notarized. If a tax credit is shown on an invoice, the invoice must be notarized. Exception: If the state is a non-notary state, then the invoice is not required to be notarized.
When you gift or donate your vehicle to a friend or family member, we can assist you with this type of transfer. An act of donation is an authentic act executed before a notary, and both buyer and seller need to be present in front of two witnesses (all parties must have valid identification).
A bill of sale serves as legally-binding evidence a transaction in which the vehicle's ownership changed from one party to another took place. New owners must show proof of purchase upon transferring the vehicle's title and when registering it under their name at the Office of Motor Vehicles (OMV).
That might get you to wonder if a handwritten bill of sale is legally binding. Handwritten bills of sale are indeed contractual agreements ? so long as they have the right elements.
The following details will need to be entered into the bill of sale on the day of signing and notarization: Parish Name. Seller's Name. Buyer's Name. Make. Model. Year. VIN (Vehicle Identification Number) Sale Price.
While it is common to present a bill of sale in a digital format, you can also create this type of contractual agreement as a handwritten document on paper. What's most important is to include all of the pertinent details in the bill of sale in order to protect both parties.
It is only necessary to notarize the bill of sale, invoice, or title. However, if a trade vehicle is listed on the bill of sale, it must be notarized. If a tax credit is shown on an invoice, the invoice must be notarized. Exception: If the state is a non-notary state, then the invoice is not required to be notarized.