A legal document used to record sales of vehicles in this state is known as Form 4031 or South Carolina motor vehicle bill of sale. This form should be utilized whenever selling or purchasing motorized vehicles, though it’s not always required. Bills of sale have multiple advantages, as they are legal proofs of ownership over assets and may be accepted in courts or banks.
Are Bills of Sale Necessary for Trading Vehicles in South Carolina?
No, the paper isn’t always required to transfer ownership over a vehicle. If you have a valid title that specifies the purchase price and date, a vehicle bill of sale won’t be necessary. It’s worth noting that a South Carolina motor vehicle bill of sale can be used by authorized dealerships to sell vehicles to each other. However, dealers are forbidden to sell cars to individuals or privately owned businesses with this document. A Property Tax Odometer form can be utilized instead of it.
Remember that you are obliged to use a bill of sale when selling or purchasing vehicles titled before June 1989. According to the state’s Department of Motor Vehicles, you must use black ink when filling in the document. A physical template of a bill of sale can be obtained from any DMV office during business hours. However, it’s suggested to download it from our library of printable PDF forms to avoid inconveniences. If you’re looking for a customized template, consider using our free form builder to design a document.
Is a Bill of Sale Required to Register a Vehicle in South Carolina?
You don’t have to utilize a bill of sale to register a motor vehicle with the state’s DMV. The list of required documents varies depending on the origin, title, and current state of the automobile. After purchasing a vehicle, you have 45 days to complete the titling and registration procedures. The same time limit applies to individuals establishing residency in the state. The following documents should be handed to the DMV:
- Form 400. This document is also known as an Application for Certificate of Title and Registration.
- Vehicle title. A South Carolina motor vehicle bill of sale can be used if the title was issued before June 1989.
- Fees and taxes. More information on taxation is available on the official page of the Department of Revenue.
- Applicant’s ID. A state ID or South Carolina driver’s license is required.