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The bill of sale establishes when the transfer took place, what items were transferred, and how much the buyer paid in total for the items. The names, contact information, and signatures of each party must be included in the document.
A vehicle bill of sale should include: Purchase price. Date of sale. Description of vehicle make, model, color, and condition. Odometer reading. VIN. Contact information for buyer and seller. Signatures of buyer and seller.
If you are buying from an Ohio dealer they will obtain a title for you. If you are buying from a private party you will need a properly assigned title from the seller. If the seller is an out of state dealer you will also need a detailed bill of sale.
A Bill of Sale is not legally required for selling a vehicle in Ohio, but it's a good idea to create one for both you and the buyer. The Bill of Sale can be helpful if problems arise when the buyer goes to transfer the title or register the vehicle in their name.
An Ohio bill of sale allows buyers and sellers to record the sale of personal property in a private transaction. Once the buyer and seller have completed the appropriate form and money has changed hands, ownership of the item is transferred from one party to the other.
An Ohio motor vehicle bill of sale is a legal document providing proof of the legal purchase of a motor vehicle in the State of Ohio. This form includes important information regarding the buyer, the seller, the vehicle, and the change of ownership.