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 Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
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
Year, Make, and Model. Vehicle Identification Number (VIN) Date of Transaction (Sale Date) Sale Price. Names/Addresses/Signatures of both Buyer and Seller.
You will need the title, signed over to you; the MVA Bill of Sale, if required; the passing inspection report; proof of insurance; and the titling fee.
Step 1: Get the vehicle inspected. In Maryland, sellers are required to get a vehicle safety inspection by a licensed Maryland inspection station. Step 2: Organize and gather all related vehicle documentation. Step 3: Bill of Sale. Step 4: Transfer the title. Step 5: Remove your plates and cancel your insurance.
Write the title "Bill of Sale" at the top of the paper. Write the buyer's full name and address under the title of "Buyer." Write the seller's full name and address under the title of "Seller." Write down the year, make, model, color, current odometer reading, and Vehicle Identification Number from the vehicle.
A description of the vehicle, including the year, make, model, vehicle style, and Vehicle Identification Number (VIN) Printed names and signatures of the buyer and seller. Date of the sale. Total cost of the vehicle.
The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.
You will need a notary, witnessing both the buyer(s) and seller(s) signatures, if you present a bill of sale to complete your transaction.A notarized MVA Bill of Sale200b (form # VR-181) is needed if the sale price is less than the vehicle's book value and the vehicle is 7 years old or newer.
You will need a notary, witnessing both the buyer(s) and seller(s) signatures, if you present a bill of sale to complete your transaction.A notarized MVA Bill of Sale200b (form # VR-181) is needed if the sale price is less than the vehicle's book value and the vehicle is 7 years old or newer.