When trading motorized vehicles in Missouri, one is encouraged to utilize a vehicle bill of sale to record the transition of ownership. A Missouri motor vehicle bill of sale (Form 1957) is necessary for reporting the sale of an automobile, trailer, or ATV. This legal document provides a convenient and simple way to outline the deal’s conditions on paper and confirm the sides’ agreement. In addition, bills of sale may be applicable for registering motor vehicles with the authorities and transferring the automobile to a different state.
Explaining Motor Vehicle Bills of Sale in Missouri
If you are a resident of Missouri selling a vehicle to another resident of the state, you must use a bill of sale (DOR-1957). Vehicles that are exempt from reporting with the document include vessels, manufactured homes, and vehicles certified as junk. You may also avoid signing a bill of sale when selling to residents of other states. Regardless of the official requirements, it’s advised to utilize the paper when selling or purchasing any vehicle type.
A Missouri motor vehicle bill of sale provides multiple advantages to both a buyer and a seller. This document lifts legal responsibility for a vehicle from its seller and confirms the transfer of title. It may be essential if the automobile gets involved in an accident or criminal activity. The buyer can utilize bills of sale to prove ownership over valuable assets, which may be helpful when qualifying for a loan.
How to Register a Vehicle in Missouri? A Comprehensive Guide
Although Missouri doesn’t request providing a bill of sale to register a vehicle, it holds the right to require additional documents at any time. It’s strongly advised to keep a bill of sale (if you have one) since it may be necessary for selling or registering a vehicle. Speaking of registration, the following documents must be provided to the Department of Revenue within 30 days from the purchase date:
- Form 108. An application for Missouri Title and License must be filled out and signed by an applicant.
- VIN inspection and odometer disclosure. All vehicles being registered in Missouri must undergo a VIN inspection performed by a DOR expert.
- Vehicle title (or Manufacturer’s Statement of Origin). Depending on the vehicle’s origin, either one of the documents should be used.
- Fees and taxes. A full list of charged taxes is available on dor.mo.gov.
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