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South Dakota Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note

State:
South Dakota
Control #:
SD-00431-C
Format:
Word; 
Rich Text
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Description

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.


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  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note

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FAQ

A bill of sale does not serve as proof of ownership. Only a title has that legal authority. Bills of sale serve as proof of title transfer, which buyers and sellers need for personal financial and tax records.

No, a South Dakota bill of sale is not required to register a vehicle. However, South Dakota does provide a Bill of Sale (Form MV-16) for your personal use for motor vehicle sales. You should also complete a South Dakota Application for Motor Vehicle Title & Registration (Form-0864 V 21).

Writing the Bill of Sale On the bill of sale template, where the dollar amount is listed, write gift in the allotted space. You'll need to note the date of sale, the car's identification number, make, model and the number of miles on the odometer at the time of the transfer.

The information required on a bill of sale varies depending on the state. Generally, you must include the year, make, model, vehicle identification number and odometer reading or odometer disclosure statement. You will need to complete the seller section.Some states allow you to write "gift" instead of a sale price.

Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.

The full names and contact information of the buyer and seller. A statement that transfers ownership of the item from the seller to the buyer. A complete description of the item being purchased. A clause indicating the item is sold "as-is"

Can a bill of sale be handwritten? If your state does not provide a bill of sale form, yes, you can handwrite one yourself. As long as the document includes all of the necessary parts of a bill of sale and is signed by both parties and a notary, it is valid. Some states require a bill of sale while others don't.

Louisiana. Maryland. Nebraska. New Hampshire. West Virginia. Montana.

Where it asks for sale price, you can simply write gift. Both parties will also need to sign the title to make it official, and some states require this to be done in front of a witness. If you own the vehicle outright but can't find the title, your local DMV can issue a replacement.

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South Dakota Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note