free bill of sale template for car minnesota

May also include conditions of the sale for the buyer and the seller.Ĭonsideration: The amount of money being exchanged. Offer: The agreement to exchange the vehicle for an amount of money. Each state has different rules for what they consider a valid bill of sale, but a contract itself must abide by the following general rules: What Does a Bill of Sale Need to be Valid?Ī bill of sale acts as a contract between the buyer and seller of the car. Proper documentation of vehicle ownership is required in order to register your car. All states require you register a car with the department of motor vehicles. Whether you are the person selling or buying, you want proof of the transaction in the event someone claims your ownership or if someone is injured by the vehicle.Ģ.

Automobiles can range in price from hundreds to tens of thousands of dollars depending on the year, make, model, condition, miles. There are two primary reasons why you want to secure a Bill of Sale in Minnesota when purchasing or selling a car:ġ. We also suggest securing a Minnesota bill of sale to properly document the sale including the sales price, condition of the car, and hold harmless language to protect the buyer and seller. When the original title is available this is completed by signing the “Transfer by Owner” or “Assignment” section of the title and filing the paperwork with the state.

Not less than $60,000 due to bodily injury to two or more persons.When buying or selling a car in Minnesota, you always want to document the transfer of the automobile from the seller to the buyer.Not less than $30,000 due to bodily injury to one person and.Not less than $10,000 due to the destruction of property.Proof of Insurance with Minimum Requirements:.

Minnesota Motor Vehicle Power of Attorney (required if someone is registering the vehicle on the owner’s behalf).

Certificate of Title (apply for a replacement title by mail or at a Deputy Registrar office).

Odometer Disclosure Statement (Federal Form).

General Bill of Sale– Used when transacting private property between a buyer and seller. This document will also prove a change of ownership.įirearm Bill of Sale– Used to record the sale of a gun. Records a transaction and can be used by the buyer to register.īoat Bill of Sale– To be used to prove that a sale and purchase has been executed with regard to a boat/vessel. Forms (4) Motor Vehicle Bill of Sale– To buy and sell a motor vehicle. Most commonly used for vehicle transactions, the form includes sales information required for accounting and registration purposes (Use at a Driver and Vehicle Services’ Location). A Minnesota bill of sale provides details regarding a sale between a buyer and seller for personal property.

Free bill of sale template for car minnesota