When trading motor vehicles in the state of Florida, both a buyer and a seller need a legal document to record the transaction. A Florida motor vehicle bill of sale (Form HSMV 82050) provides a decent solution for recording the transition of ownership over any motorized vehicle. Although this document isn’t always required by the state authorities, individuals and private companies should utilize it whenever possible.
Do You Need a Bill of Sale to Exchange Motor Vehicles in Florida?
You are not obliged to utilize a vehicle bill of sale when selling or purchasing motorized vehicles. However, there are several reasons to sign the document anyway. Bills of sale are legally recognized proofs of ownership, which can be applicable in multiple cases. For instance, a valuable asset in your possession may persuade a bank to provide you with a better loan. Bills of sale can be used to prove that you are no longer responsible for a given vehicle.
It’s worth remembering that you won’t become a rightful owner of a vehicle before receiving a certificate of title. Vehicles titled outside of Florida must go through a VIN inspection before they can be registered in the state. A Florida motor vehicle bill of sale must be notarized to obtain legal value; otherwise, it won’t be considered valid.
If you’re looking for a printable PDF template of a bill of sale, consider reviewing our database. A free form builder will assist you in creating a custom document if the respective need arises.
How to Register a Vehicle in Florida?
If you purchase a new vehicle in Florida or obtain residency in the state, you must register the car within 10 days. Official dealerships commonly provide their customers with temporary tags, which are valid for 30 days and used until the dealer completes all necessary documents. Those who purchase vehicles from individual sellers need to submit the following documents to the Motor Vehicle Service Center:
- Identification document. Commonly, it’s a passport or a driver’s license.
- Title. A title is required to finish the transition of ownership. Remember that a VIN inspection is also needed for all vehicles previously titled outside Florida.
- Odometer disclosure statement (Form HSMV 82042). This document is needed for vehicles under 10 years old only.
- Form HSMV 82040. An application for Certification of Title is required to register a vehicle purchased out of state.
- Taxes and fees. Florida charges a 6% sales and use tax alongside other fees.