This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
Maryland Automobile Vehicle For Delivery
State:
Maryland
Control #:
MD-00431-C
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Maryland Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
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FAQ
Ing to the Maryland Department of Transportation, the state of Maryland collects a six percent state excise tax on vehicle purchases. The sales tax applies to the full price on the vehicle, before trade-ins and other incentives that your dealer may offer.
What You'll Need to Transfer your Vehicle Title in Maryland Exercise tax (based on purchase price, age and mileage). Proof of auto insurance. Apply and pay required $50 titling fee. Apply for Certificate of Title (when the title originally come from another state). Submit a Certificate of Inspection (if possible).
An MVA ?Bill of Sale? A notarized MVA Bill of Sale is needed if the sale price is less than the vehicle's book value and the vehicle is 7 years old or newer. Please call the MVA's Customer Service Center at 1-410-768-7000 to verify the vehicle's book value.
Title Transfer Process The buyer and seller are together in person. The buyer has approved of the car, and both parties have agreed on the purchase price. It's time to do the actual transferring of ownership. This is where the seller signs the title over to the buyer.
The buyer(s) and seller(s) must sign and print their name(s) on the ?Maryland Certificate of Title? under the ?Assignment of Ownership? section. If there is a co-buyer, he or she must also sign. The buyer's name and address must be recorded in the ?Assignment of Ownership? area on the title to complete the sale.