New Jersey Motor Vehicle Bill of Sale

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New Jersey only
Updated Nov 28, 2024
~ 3 pages
PDF
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A New Jersey motor vehicle bill of sale is a legal document that verifies the purchase and sale of a vehicle between a buyer and a seller. It provides proof of the transaction and helps avoid any potential legal disputes. Fill out the New Jersey Motor Vehicle Bill of Sale template from Loio and download it in PDF format.
CAR BILL OF SALE

Date:   
State:  
Country: the United States of America

This Bill of Sale is made and entered into as of the above date by and between the following parties:

THE SELLER

  registered at   (the "Seller"),

THE BUYER

  registered at    (the "Buyer"),

Hereafter, the Seller and the Buyer will be collectively referred to as the "Parties" and each individually as the "Party".

DESCRIPTION OF THE CAR

The Seller hereby sells, assigns, transfers, and conveys to the Buyer all rights, title, and interest in and to the following described car (the "Car"):

Make:  

Model:  

Year:  

Body type:  

Color:  

Title number:  

Vehicle identification number (VIN):  

License plate number:  

Odometer reading:   miles

LOCATION OF THE CAR

The Car being sold is located at  . The Seller affirms legal ownership of the Car and asserts the right and authority to sell it. The Buyer acknowledges the Car has been inspected and the Buyer is satisfied with its condition.

ODOMETER DISCLOSURE STATEMENT 

I,  , certify that the odometer reading of the  ,     at the time of sale is   miles and, to the best of my knowledge, is accurate and reflects the actual mileage of the Car.

I further certify that the odometer has not been tampered with, altered, or replaced, and that the mileage of the Car has not been misrepresented in any way.

TOTAL PRICE

The purchase price for the Car is  . The Buyer shall pay the full purchase price to the Seller on or before  . The payment shall be made by cash unless otherwise agreed by both Parties in writing.

SALES TAX 

The sales tax applicable to this sale is included in the total price of the Car. 

WARRANTY

The Seller warrants the Car to be free from defects in materials and workmanship for a period of   from the date of sale (the "Warranty Period"). If the Car is found to be defective in material or workmanship during the Warranty Period, the Seller will repair or replace the defective Car.

The Parties acknowledge and agree that the above warranty is the only warranty provided by the Seller and is in lieu of all other warranties, express or implied, including any warranties of merchantability or fitness for a particular purpose. The Parties further acknowledge and agree that the Seller shall not be liable for any defects or inconsistencies in the Car, except as set forth in the aforementioned warranty.

The Buyer has been given the opportunity to inspect the Car or arrange for its inspection. Additionally, the Buyer has accepted the Car in its existing condition.

DATE OF TRANSFER

The transfer of the Car from the Seller to the Buyer shall take place on  .

The Buyer shall take possession of the Car on the date of transfer and assume all risk of loss or damage to the Car from that date forward. On the date of transfer, the ownership of the Car shall be transferred to the Buyer, and the Seller shall deliver all necessary documentation to the Buyer to effectuate the transfer of ownership, including but not limited to the deed, bill of sale, and any other documents required to transfer title to the Car.

SIGNATURES

THE SELLER

____________________________ 

 

THE BUYER

____________________________ 

 

Written by Karyna Pukaniuk - Reviewed by Kateryna Adkham

Template Description

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New Jersey Motor Vehicle Bill of Sale

A bill of sale for car in New Jersey is an enforceable document that outlines all the particulars of a vehicle sale between a purchaser and a vendor. It documents crucial aspects like the identities of the parties involved, the settled sale price, and particular vehicle information. A New Jersey vehicle bill of sale is essential for registering your vehicle with the DMV, as it supports the legal transfer of ownership. 

Why Use a New Jersey Motor Vehicle Bill of Sale?

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A car bill of sale New Jersey is undeniable evidence of the transaction. For purchasers, it's an essential document when registering the vehicle with local DMV offices, guaranteeing the vehicle can legally be driven. Although notarization isn't necessary, possessing a finalized vehicle bill of sale New Jersey facilitates a seamless and acknowledged ownership transfer, free of complications. 

Additionally, a New Jersey car bill of sale may elucidate terms or guarantees related to the transaction. Clearly defining terms such as as-is conditions is essential for preventing potential disagreements regarding the vehicle's state — avoiding misunderstandings and legal complications. 

Parties Involved

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The auto bill of sale New Jersey focuses on two pivotal participants:

  • Seller: This could be an individual or a business entity engaged in transferring ownership of the vehicle and preparing the New Jersey DMV bill of sale.
  • Buyer: The individual acquiring the vehicle from the seller.

Both parties should aim for accuracy and completeness when filling out the New Jersey bill of sale for car to avoid unnecessary delays or disputes in the legal transfer process.

Key Terms

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  • Odometer Reading: Captures in the New Jersey bill of sale car the total mileage accumulated by the vehicle at sale time.
  • Vehicle Identification Number: VIN is critical for DMV registration.
  • Purchase Price: The mutually agreed price for the vehicle.
  • As-Is Sale: Declares that the vehicle is sold in its existing state without warranties.

Elements of a New Jersey Motor Vehicle Bill of Sale

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The legality and robustness of a New Jersey motor vehicle bill of sale hinge on including:

  1. Date of Sale. Clearly states when the transaction occurs.

  2. Full Names and Addresses. Ensures accurate identification of both the buyer and the seller.

  3. Vehicle Information. VIN, make, year, model, color, and odometer reading.

  4. Transaction Amount. Lists the purchase price and any relevant terms.

  5. Signatures. Both parties must sign the New Jersey bill of sale vehicle to finalize the agreement.

Steps To Execute the New Jersey Motor Vehicle Bill of Sale

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  1. Prepare the Document. Loio can guide you through the process of crafting a thorough and personalized New Jersey auto bill of sale.
  2. Complete the Information. Make sure all details about the vehicle and parties are detailed accurately.
  3. Review for Accuracy. Both the buyer and seller should review the completed bill of sale for vehicle in New Jersey to ensure correctness.
  4. Sign and Exchange Copies. After signing the bill of sale New Jersey dmv, both parties should retain copies for their records.
  5. Register the Vehicle. The buyer will present their copy of the bill of sale car New Jersey to a DMV office alongside other required documents for registration.

Throughout this process, local resources are on hand to assist. The New Jersey DMV website provides comprehensive vehicle registration guidelines. A bill of sale New Jersey car is essential not just for legal compliance but also for peace of mind in your vehicle transactions. By understanding bill of sale for car New Jersey components and executing it correctly, you ensure a seamless and uncontested ownership transfer, protecting your interests whether buying or selling a car in Garden State.

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