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The consideration is the value that the buyer transfers to the seller. Or, simply put and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item.
The bill of sale should contain: name and address of the buyer; name, address and signature of the seller; complete vehicle description, including the Vehicle Identification Number (VIN); description of trade-in, if any; purchase price of the vehicle; trade-in allowance, if applicable; and. net purchase price.
The bill of sale can be handwritten or typed/printed, but it should be in ink, not pencil. If desired, you can use the TC-843, Bill of Sale provided by the DMV.
How to transfer a car title in Utah - YouTube YouTube Start of suggested clip End of suggested clip Here. Fill out the date of sale here. And the purchase. Price. Here next print your full name here.MoreHere. Fill out the date of sale here. And the purchase. Price. Here next print your full name here. And in this field write your entire. Address including street address city state and zip.
Utah defines a lost or defective title as "insufficient evidence of ownership". If the value of the motor vehicle exceeds one thousand dollars ($1,000.00) then a surety bond will likely be required. Cars, trucks, motorcycles, ATVs, watercraft and trailers may be transferred by this bonded method through the Utah DMV.
As the seller, you'll need to provide the buyer with the registration certificate.
Most websites list Utah as a Title Theory state. In a Title State, the lender holds title to the property in the name of the borrower through a Deed of Trust. When the loan is completely paid off, the lender issues and records a Deed of Reconveyance in favor of the borrower who then has clear title to the property.
Registration Only If you've recently moved to Utah, and your certificate of title is being held by an out-of-state leasing company or lien holder, you will not be required to acquire the certificate of title in order to transfer your vehicle registration to Utah.