New Jersey vehicle bill of sale shows the legal transfer of ownership of a licensed motor vehicle from the seller to the buyer. This form basically requires the details of the buyer and the seller. It also includes information regarding the car in order to register it in the New Jersey state.
Sometimes this form requires notarization but, nowadays, most new Jersey bills of sale do not require notarization. When a vehicle is purchased in the state of New Jersey, a document named Odometer Disclosure Statement needs to be filled and signed by the seller.
Being a part of the state of New Jersey, either fresher or former, it is necessary for you to register your car in the state of New Jersey. Registration is required to operate your vehicle at the roadways.
How to Register a Vehicle in New Jersey?
You need all the required paperwork to register your car in the state of New Jersey. All necessary paperwork must be submitted by yourself at any Office of the Commission for New Jersey Motor Vehicles nearest you. The documents needed for your car registration are:
- Your car name
- Car sales bill
- Car insurance
- Evidence of identification or driver's license
- If you've bought a new car, you'll need to provide a receipt showing your sales tax payment.
- Odometer reading statement
If you are new to the state of New Jersey, you need to have safety and emission inspection. Moreover, you also need to pay the fees required for the registration.
What Is Included in the New Jersey Vehicle Bill of Sale?
The Bill of Sale Car NJ includes the details of the buyer and the seller and also the details of the transferred vehicle. It contains the following terms:
- Name of the seller and the buyer.
- Email address of the seller and the buyer.
- The date of the issuance of the bill of sale car NJ.
- Complete Payment made by the buyer either in the form a check or the reduced payment paid by the buyer by trading-in their car.
- Information of the transferred car.
- Vehicle identification number.
- Payment of taxes.
- Other terms and conditions.
- If the buyer has bought the car in terms of trade-in agreement, then the information of his old car is also included in the bill of sale car NJ.
- If the seller has given the vehicle to the buyer just as a gift, then the form only consists of the price of the car.
- Odometer Disclosure Statement, which includes the signature of the seller and the buyer.
- Certificate of Acknowledgement that verifies the transfer of the ownership of the vehicle.
How to Sell a Vehicle in New Jersey?
To sell your car, you must follow the following steps:
- Take off the license plates of the car. If you are planning to use those plates for your other vehicle, then keep it with yourself. If not, then submit those plates to any New Jersey Motor Vehicle Commission office nearest to your place.
- If you find that there is no space for a title or a difference in reading, you must complete and sign a Universal Title Form.
- You must pass the title within ten business days of the date of sale. When you've sold a car in New Jersey, you'll just need the original title certificate, along with all the details on the back. If the vehicle has a guarantee or it excludes from the sales tax, you will need to fill out the paperwork.
- Sometimes, you also need to have a duplicate car title. For this purpose, you can either visit a motor vehicle agency or submit the documents.
- If you find any error in the title, you can go to the motor vehicle agency, or you can also mail them for the correction.
- During the process of selling your car, discuss all the details of the car with the buyer thoroughly. Make sure that you are selling your vehicle to the right person. Keep all the documents with yourself for future proof.
Conclusion
The NJ car bill of sale provides you a way to keep the record of the transfer of the ownership of the car and all the transactions. It saves you from the difficult situations that you may face in the future. You can get a legal template from CocoSign.
For a valid bill of sale, you need to fill all the credentials carefully and submit all the required documents at the NJ motor vehicle Commission office. Signature should be included as they are the source of proof that both parties have agreed upon the agreement and the payment.