Maine Bill of Sale
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FAQ
Documents needed: Your bill of sale/sales agreement from the dealer. Blue title application (if the vehicle is a 1995 model year or newer) Evidence of insurance (ID card, policy or binder)
How Do I Write a Maine Bill of Sale? Their printed legal names. The date of the bill of sale. Certain information about the item being sold. The amount the item was old for. In some instances, the bill of sale may also need to be notarized.
When buying or selling high-value items in Maine, you need a bill of sale. This legal document records the transfer of ownership of a car, boat, firearm, or other personal property from a seller to a buyer.
After Purchasing a Vehicle A bill of sale is not enough to complete a vehicle transfer in Maine. Several additional documents are required before the transaction is official.
It is illegal in the state of Main to sell a vehicle without a title. In this situation, the purchase of the vehicle can be declared invalid. If the seller has misplaced the vehicle title, they can visit their local Maine BMV office and apply for a duplicate vehicle title, (Form MVT-8).
Is it better to gift a car or sell it for $1 in Maine? Because gifted cars are still subject to sales tax in Maine, it only makes sense to list the $0 gift ?sale? in the transaction. The recipient will be paying the 5.5% sales tax of the market value either way?selling it for $1 will just cost them an extra buck.
A vehicle 1994 and older does not need a Maine title. To register a vehicle purchased through a private sale, the new owner must provide the following items at the time of registration: 1. A bill of sale that includes the make, serial (VIN) number, the date of the sale, and amount paid.
How Do I Write a Maine Bill of Sale? Their printed legal names. The date of the bill of sale. Certain information about the item being sold. The amount the item was old for. In some instances, the bill of sale may also need to be notarized.
