Oklahoma Vehicle Bill Of Sale With Notary

State:
Oklahoma
Control #:
OK-00431-D
Format:
Word; 
Rich Text
Instant download

Description

The Oklahoma vehicle bill of sale with notary serves as a crucial document in the sale of a vehicle, ensuring that both buyers and sellers keep a clear record of the transaction. This form details the payment agreement, including total cost, interest rate (if any), and payment schedule, providing transparency for both parties involved. A notary's acknowledgment adds an extra layer of authenticity and legal security, especially important in vehicle sales to prevent potential fraud. Users are instructed to fill in specific details, including the seller's and buyer's names, vehicle description (make, model, year, and VIN), payment terms, and addresses accurately. This form is particularly useful to attorneys, partners, owners, associates, paralegals, and legal assistants in ensuring proper vehicle transfers and protecting their clients' interests. They can advise their clients on completing the form correctly and underscore the importance of having it notarized for legal validity. Furthermore, in cases of default on payments, the note includes provisions for repossession, affording peace of mind to sellers while backing the transaction with enforceable rights.

How to fill out Oklahoma Promissory Note In Connection With Sale Of Vehicle Or Automobile?

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FAQ

Steps To Preparing a Notarized Bill of SaleChoose the state where the sale took place.Fill out all the information.Do not sign or date the document. Wait until you're both in the presence of a notary.Set up a time when you can both meet in front of the notary.Download and print the notarized bill of sale.

Name of the buyer. Address of the buyer. Complete vehicle description, including Vehicle Identification Number (VIN), make, model, year. Vehicle odometer reading at the time of sale.

You'll also need to submit proof of vehicle purchase or ownership, such as a notarized bill of sale or canceled check. If the vehicle is 9 years old or newer, you'll also need a completed odometer disclosure statement for each ownership assignment.

The amount the item was sold for. The signatures of the involved parties. In some instances, the bill of sale may also need to be notarized.

Oklahoma does not require residents to use a special Bill of Sale but all sellers are legally required to report the final sale price of the vehicle to the Oklahoma Tax Commission by filling out a Declaration of Vehicle Purchase Price (Form 722-1).

If the original certificate of title is lost, stolen or badly damaged, the seller must fill out an Application for Duplicate Certificate of Title for Vehicle/Boat/Motor (Form 701-7) and all owners on the title must have their signature notarized by a Notary Public.

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Oklahoma Vehicle Bill Of Sale With Notary