If you live in the state of Georgia, you will need a bill of sale to show proof of the transaction. A motor vehicle in the state of Georgia must be registered within 30 days, and must include all of the details of the purchase. This document is also serves as proof for tax purposes, and it also protects the seller in the event the buyer abandons the car or never registers it.
Why are bills of sale important?
Bill of sales have been used for literally hundreds, it not thousands of years. It is a standard record uses as proof to show a transaction took place. It also has a great deal of required information such as when the transaction took place, where, what was purchases, the price or value of the property. Additionally, the odometer reading is needed if the car is more than 10 years old. The form also does two things: It confirms transfer of ownership and it serves as evidence of a contract.
Georgia, like most states, has its own rules and regulations. The following information should be considered:
- If your car is a certain age, it may not need a title. If the title isn’t needed then you may not need the form to transfer the property.
- You have a choice to either write out your own form or get a standard GA Department of Motor Vehicle form.
- Regardless of which route you decide, the form must be completely filled in with certain information: the date of sale; cost of the vehicle purchase; you full name and address; the buyer’s full name and address; the year, make, model, mileage and VIN number; acknowledgment of liens on the vehicle; any lien information and buyer and seller signature.
In the event that a handwritten bill of sale is used, it must be unaltered. There cannot be pertinent areas scratched out, whitened out or erasures of any type. This is why it is always best to use the standard form as opposed to anything handwritten, which could be rejected.
After the form is signed by both parties, you should immediately make yourself a copy. The other party will need the original when they go update registration on the vehicle. After the sale is completed, you should go the Georgia Motor Vehicle Department to cancel the registration. It is imperative that this is done prior to cancelling your insurance policy to avoid extra fees or penalties.
If you are selling a car in the state of Georgia, you will need a bill of sale to complete the contract to make it legal. This document actually protects both parties in the case of any type of disputes. Before you sell a car, it would be a good idea to find out more about the documents needed for the sale. You can obtain more information from your local Department of Motor Vehicles. You can also download the appropriate paperwork from the GA Department of Motor Vehicles website.