Virginia Offer to Purchase a Vehicle

State:
Multi-State
Control #:
US-1340724BG
Format:
Word; 
Rich Text
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Description

An offer is a specific proposal to enter into an agreement with another. An offer is essential to the formation of an enforceable contract. An offer and acceptance of the offer creates the contract.
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FAQ

What You'll Need to Do to Transfer your Vehicle Title in VirginiaVisit the DMV near your area. Consider making a DMV appointment or getting a line waiting concierge.Submit the documents.Pay the fees.Record the odometer reading.Select electronic or paper title.

Virginia. In Virginia, you can drive a car you just bought without plates or registration provided that you have the proper permit Standard Trip Permit or Prospective Purchaser's Trip Permit (temporary tags). Temporary tags in Virginia are valid for a period of 3 days.

Buying/Receiving A VehicleResearch the Vehicle with NMVTIS.Notify the insurance company.Ensure that the vehicle is properly titled.Register the Vehicle.Place license plates on the vehicle.Ensure the vehicle has a valid safety inspection sticker.Register the vehicle with your city/county (if required)

In an As Is sale, if you do not get the AS IS statement on the front of your buyer's order, and do not get the Buyer's Guide, you have 30 days to cancel the sale. In this case, you may return the car and get back most of the payments you made.

Unlike many other states, Virginia does not require a bill of sale to sell your car. That being said, a bill of sale is a legal record that proves the transaction was carried out. Therefore, it's suggested that a bill of sale is created for the benefit of both the buyer and the seller.

After purchasing your vehicle, as required by Virginia law, you must:Purchase liability insurance or pay the $500 uninsured motor vehicle fee.Obtain a vehicle safety inspection sticker.Title, register and purchase license plates for your vehicle from DMV; the vehicle's current plates remain with the seller.

Since December 2009, Virginia dealers have been participating in the Print-on-Demand (PoD) temporary tag program and issuing 30-day temporary tags from their printers. All dealers who wish to issue temporary tags are required to participate in the program.

The bill of sale should contain identifying information about the buyer and the seller, a description of the vehicle, and recount the terms of the change of ownership.

For the most part, gifted vehicles are tax exempt in Virginia. To gift someone a car in Virginia, you need to bring the title, a bill of sale or Vehicle Price Certification, and Purchasers Statement of Tax Exemption to your local DMV office, along with applicable fees.

In Virginia, you can drive a car you just bought without plates or registration provided that you have the proper permit Standard Trip Permit or Prospective Purchaser's Trip Permit (temporary tags). Temporary tags in Virginia are valid for a period of 3 days.

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Virginia Offer to Purchase a Vehicle