![]() In such an instance, the previous owner may be held accountable for the action. This may be especially important in cases when the buyer fails to complete the car title transfer properly and accrues penalties due to a specific traffic violation. Sellers who retain a copy of this credential may utilize this form for the purposes of protecting themselves in the event of a legal disagreement over the ownership of the vehicle. Having an OK bill of sale document is invaluable for both parties involved in a vehicle sales transaction. Note: You can check whether a bill of sale is needed to finalize other official proceedings by contacting the OK Tax Commission. The seller can avoid any liability for the vehicle sold once he or she proves the change of ownership. This is only possible if the title assignment does not contain the selling price or the individual is not able to furnish a purchase contract.Īnother instance whereby a completed vehicle bill of sale may prove useful is in resolving any legal dispute between the seller and the buyer over the vehicle’s ownership. Thus, this credential may be submitted in place of a title assignment as part of the sales price paperwork. ![]() Presenting a document displaying the vehicle’s purchase price is also a requirement when finalizing a car title transfer, which takes place after the process of buying a car. To find out more about how to write a bill of sale and when this document is necessary, read the applicable sections below. Possessing a properly completed sample bill of sale template may also prove helpful for the seller and the purchaser in the event of a legal dispute over the vehicle’s ownership or the amount of sale. ![]() Submitting this credential may be required in other instances, as well, such as when transferring the ownership of a vehicle. Furthermore, the purchase price contained within a car bill of sale is an important detail as it proves to be helpful for calculating the excise taxes due on the vehicle in question. The details listed on a vehicle bill of sale form in OK generally include information about the buyer and the seller, the vehicle that is being transferred and the sale process itself. An Oklahoma DMV bill of sale is a legal document that records the sale of a vehicle and can prove to be very useful in different vehicle-related procedures.
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