Relations between the trader and the purchaser are quite common in the state of Vermont. Therefore there must be a specific document existing to give these relationships a legal character. In Vermont, the name of this document is the Vermont Bill of Sale Form. Individuals (namely the purchaser and the trader) complete a free bill of sale template to protect themselves from possible future legal issues. Moreover, they can’t finish the vehicle registration process without this document as it’s an essential part of the possession transfer.
What is a Bill of Sale in Vermont?
In Vermont, a Bill of Sale is a juridical document giving the relationships between both parties of the transferring process a legitimate character and confirming they are working within the Vermont state laws framework.
This document contains all details of the transferring relations and determines general conditions for the purchaser and the trader to operate.
Individuals who want to protect themselves during the transferring process have to complete the bill of sale form and have one copy of the signed and completed report afterward. In case of an emergency or a conflict, this document will be a warrant of the arrangement’s validity.
Vermont Bill of Sale Types
In Vermont, there are four types of bill of sale forms.
- General Bill of Sale Form
Individuals refer to this form when there’s a need to sell, transfer, or purchase some of their personal belongings (which can be anything, like, for example, livestock or pieces of furniture). A notary public must confirm the form is valid by attaching their state seal to the signed and completed papers.
- Vehicle Bill of Sale Form VT-005
You will need this form if you’re either a trader or a purchaser who wants to transfer, obtain, or sell the motor vehicle. Individuals have to register as many agreement’s details and motor vehicles’ characteristics as possible. So the final version of the bill of sale form will meet the interest of every person signing it. A notary public must confirm this document’s validity as well.
- Vessel Bill of Sale Form
This bill of sale form type is the perfect option for those wishing to obtain, sell, or transfer boats within the Vermont state laws framework. Details of the transferring process and vessel’s technical characteristics are written in the bill of sale form. Sometimes (but not always) the vessel bill of sale form is required for the vessel registration process completion. In turn, a notary public always has to confirm the form validity by attaching the state seal to it.
- Gun Bill of Sale
Suppose one wants to transfer, trade, or buy a firearm in Vermont. In that case, they need to complete the gun bill of sale form, including ownership information, the data on both parties of the agreement, and technical characteristics of the firearm. Sometimes a notary public has to confirm the form validity by attaching the state seal to it, but sometimes their help is not required.
Why Do I Need a Bill of Sale?
You need it if you want to sell, transfer, or obtain motor vehicles, guns, vessels, or other belongings privately and legally. Without completing the form, you won’t have a guarantee the deal will be successful for you.
The bill of sale form is also necessary in almost all cases of ownership transferring, selling, and purchasing boats, motor vehicles, firearms, and other personal belongings.
Vermont Laws and Requirements
There are two main juridical sources regulating the transferring relations in the state of Vermont in 2020.
- The Vermont Statutes Online (which is an informal copy of the Vermont Statutes Annotated)
- Vermont Department of Motor Vehicles (DMV)
Under the statutes, there is a list of requirements needed to complete the vehicle registration process and receive a signed bill of sale on your hands.
- Parties of the transferring process must register as many details of the agreement (including their personal information and technical characteristics of the vehicle) as possible).
- The one completing the bill of sale form must remember to pay fees established by the Vermont state laws and DMV. Today, if you want to transfer a car, you have to pay $76.00, and if you need to sell a motorcycle, you pay $48.00. Plus, you need to pay a sales tax.
- The form can be considered valid after both parties of the transferring agreement sign it.
- In most cases, a notary public needs to confirm the document’s validity by affixing their state seal completing the signed bill of sale form.
Do I Need to Have a Bill of Sale to Register a Vehicle, Watercraft, or Firearm in Vermont?
The Vermont state laws require everyone intending to register a firearm, boat, or motor vehicle to have completed and signed bill of sale’s copies on their hands. Without them, DMV can refuse to issue the document confirming the vehicle registration process is complete. Though in many American states, it’s not an obligatory procedure, in Vermont state it is.
Creating a Bill of Sale in Vermont
You can use our form building software to ensure the form is completed in the way it should be. Please follow our instructions and do it yourself. No specific skills are needed.
- Enter the seller’s full name and full address.
- Write down the vehicle’s technical characteristics.
- State the signing date and the vehicle’s price (in US dollars).
- Enter both parties’ data and provide their signatures.
- If needed, the seller completes the Odometer Disclosure Statement.
- Both parties and one witness sign the completed form.
- A notary public confirms the form’s validity by affixing their state seal to the document.