North Carolina vehicle bill of sale is legal evidence of a vehicle sales transaction taking place between two parties in the state of North Carolina. It includes important information about both parties and the vehicle being transacted.
Along with this bill of sale, the registration process of a vehicle demands an Odometer Disclosure Statement Form MVR-180.
How to Register a Vehicle in North Carolina?
The buyer shall register the vehicle at the nearest NC Division of Motor Vehicles in person within a period of thirty days before driving it on road. The following documents are required for registering a vehicle in North Carolina:
- Driver’s License
- Insurance Proof
- North Carolina Vehicle Bill of Sale
- A notarized Title of Vehicle
- An out-of-state registration with reading, if the lienholder possesses the title of the vehicle.
- Multiple drafts of all the documents, if there are co-owners of the vehicle.
- A lien release, if required.
- Filled Title Application i.e Form MVR-1
- Filled Declaration of Eligible Risk i.e. Form MVR-615
- Filled Damage Disclosure Statement i.e. Form MVR-181
- Odometer Disclosure Statement i.e. Form MVR-180 for vehicles older than 10 years.
- Registration Fee
What Is Included In a North Carolina Vehicle Bill of Sale?
A standard Bill of Sale for a vehicle in North Carolina includes the following information :
Information of Seller and Buyer
The following information about the seller and buyer is included:
- Full Names
- Complete Physical Addresses
- Driver’s License Numbers
Include the information of your vehicle i.e.
- Model of the Vehicle
- Vehicle’s Identification Number (VIN)
- Odometer Reading (unit: miles)
- Colour of the Vehicle
Enter the miscellaneous information i.e.
- The agreed sum of payment.
- A tick box declaring whether the vehicle was a gift from a spouse, friend, or parent.
- Declaration box where the signature of the seller and buyer is required along with the date of sale in the format of ‘MM/DD/YYYY’.
Prepare copies of the North Carolina vehicle bill of sale. The buyer will keep the original document.
How to Sell a Vehicle in North Carolina?
Here are a few tips on how to sell a vehicle in North Carolina:
Step 1: Wash your vehicle properly and repair it if needed. Advertise it on the websites, newspapers, or through networking.
Step 2: As soon as you meet your buyer, initiate negotiations, and discuss all the terms and conditions of the sales pitch.
Step 3: Compile a North Carolina vehicle bill of sale which includes all the important and necessary information regarding both the parties involved, the vehicle being sold, and bought and authorized signatures.
Step 4: Hand over all the documents of your vehicle to its new buyer.
Step 5: Remove the current license plates and cancel your ongoing vehicle insurance.
Now, the buyer needs to complete the legal process of owning the vehicle.
- If the buyer is buying a vehicle from a dealer then the following documents are required: Bill of Sale, Title Application MVR-1, Odometer Disclosure Statement MVR-180, Damage Disclosure Statement MVR-18.
- A vehicle received as a gift or donation requires an additional lien release.
- A vehicle transferred between families will require a Highway-Use Tax Exemption Certificate.
- When a buyer purchases a mobile home then make sure to include Cancellation of Mobile Home Titles, if the title is being declared as real estate.
Any kind of motor vehicle can be sold or purchased in the state of North Carolina by using the North Carolina vehicle bill of sale. This document serves as proof of the selling and buying agreement between the parties and aids the process of vehicle registration.
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