The state of South Carolina permits the locals to possess any kind of motor vehicle via the document of South Carolina vehicle bill of sale - Form 4031.
All the types of selling and purchasing transactions of motor vehicles on the premises of South Carolina are authorized by Form 4031. It has a proper form and instructions that must always be compiled and written in black ink.
How to Register a Vehicle in South Carolina?
South Carolina vehicle bill of sale - Form 4031 sanctions a civilian of South Carolina to sell and purchase a vehicle under the law and policies devised by the government of the state. The purchase process with the South Carolina dealership process both registration and title details as a courtesy.
Location of Registration
- The buyer can start the process by gathering all the required documents and submitting them physically at any of SC DMV Locations.
- The other option is to mail the necessary documents to any DMV location near the buyer’s place.
Required Documents
The following documents are required for acquiring the title and registration of the vehicle:
- A filled application for Certificate of Title and Registration (Form 400).
- A signed off title given to you (if required).
- The name of your current workplace for insurance of the vehicle.
- A South Carolina bill of sale.
- A paid receipt of property tax.
- Registration and titling fee.
How Long Can You Drive on a Bill of Sale in South Carolina?
Unlike the other states which have a 30 days limit of registration, the State of South Carolina gives a time limit of 45 days to the buyer to register the vehicle. First, the buyer and seller discuss and agree on the terms and conditions regarding the purchase transaction.
Afterward, the procedure to compile the bill of sale takes place. It is the responsibility of the buyer to ensure that all the information in the bill of sale in South Carolina is meeting the legal requirements.
The buyer is granted a long period of forty-five (45) days after all the information has been placed and compiled in the Bill of Sale in South Carolina.
What Is Included In a South Carolina Vehicle Bill of Sale?
A standard South Carolina vehicle bill of sale - Form 4031 includes the following information:
Step 1: Provide information about the seller, buyer, and vehicle
- Seller’s Information
- Date of Sale
- Vehicle Information
- Buyer’s Information
- State any kind of lien already on the vehicle
- Vehicle’s Sale Price
- Lessened Sale Price
- Total Taxable Amount to Be Payed
Step 2: The Odometer Reading (in miles)
- Be sure to provide the reading as is.
- If there exists some discrepancy or difference between the readings then note the appropriate line.
- Be prepared to present the reading of Odometer before federal law when the sales pitch happens.
Step 3: Add Signature
- State the handwritten signature of the buyer along with the printed name and the date in the format of ‘DD/MM/YYYY’.
- State the handwritten signature of the seller along with the printed name and date in the format of ‘DD/MM/YYYY’.
Step 4: Add the returning address
Conclusion
The South Carolina vehicle bill of sale is a form that is required to be filled by a person according to the instruction in order to legally obtain the rights and possession of a motor vehicle.
The bill of sale includes all the necessary information regarding the buyer, seller and vehicle is sold. Stuck at the decision of properly selling or buying a vehicle?
Do not worry! Here at Cocosign, you can get the templates for the South Carolina vehicle bill of sale. Get your free copy today!