Free Utah Vehicle Bill of Sale Template

The Role of Bills of Sale in the Exchange of Motorized Vehicles in Utah

According to the official guide, a bill of sale is necessary to transfer ownership over a motorized vehicle. The document must include a comprehensive set of details about the vehicle being sold, including the purchase price and the date of transition. Signing the paper is important to signify relinquished legal liability over the asset. Once the form is signed by both parties, the seller won’t be responsible should the vehicle be abandoned or involved in a crime.

A Utah motor vehicle bill of sale doesn’t require notarization to obtain legal power. Although this form is quite simple to fill, it has a significant influence on a sales tax charged. If the document doesn’t specify the vehicle’s purchase price, the tax will be determined by the Tax Commission. It’ll evaluate the vehicle and determine its “Fair Market Value,” which will become a basis for taxation. See the official guide on taxes provided by the Utah government for detailed information.