Notarized Bill Of Sale For Car. A vehicle bought at public auction must have a bill of sale printed on the public agencys letterhead. In fact many people refer to the document as a bill of sale contract.
In most cases the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place. If a notarized Bill of Sale is not presented and the purchase price of the vehicle is within 500 of the retail value as shown in the National Publication of Used Car Values MVA will accept the purchase price as completed on the title. To see the information required to be on this bill of sale you can see the sample bill of sale from the NJ Abandon vehicles packet.
The odometer mileage reading for the car.
Completed 10 November 2020. Six states actually require that a bill of sale be notarized before it can be used to transfer the title of a vehicle. A typical bill of sale allows you to document important vehicle information such as odometer readings condition price and any warranties all in one place in case of any disputes. Notarized Bill Of Sale Template For Car And Bill Of Sale Example.