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Form MV-912 Vehicle Bill of Sale - New York
What Is a Vehicle Bill of Sale?
Form MV-912, Vehicle Bill of Sale is a legal document that records the purchase of a vehicle or vessel and subsequent exchange of ownership for a certain sum of money. It establishes crucial data in relation to the item in question, seller, purchaser, and transaction details. An accurately filled out and signed Bill of Sale must be presented to the New York Department of Motor Vehicles office in order to receive a new title and registration for the car or boat. It is not as formalized as a deed or a title, but this document is still recognized by courts of law in case a dispute about the vehicle occurs in the future.
Alternate Names:
- Car Bill of Sale;
- Motor Vehicle Bill of Sale.
This form was released by the New York State Department of Motor Vehicles . The latest version of the form was issued on November 1, 2021 , with all previous editions obsolete. You can download a fillable Form MV-912 through the link below.
Does a Vehicle Bill of Sale Have to Be Notarized in New York?
Form MV-912 is an official department-released form that does not require notarization.
How to Write a Bill of Sale for a Car in New York?
Before selling a car in New York, make sure that you can provide acceptable proof of ownership. To draft an acceptable Vehicle Bill of Sale, you need to include the following information:
- Full names, addresses, and signatures of the seller and the buyer;
- Consideration - a sum of money paid for the vehicle;
- Description of the vehicle - year, make, model, vehicle or hull identification number;
- Date of the transaction.
Additionally, the parties may include other terms and conditions in the document, for example, they may specify the method of payment, the payment schedule, or include the "as is" clause, which means the vehicle is being sold in its existing condition at the time of the sale.
Once the papers are signed, the parties should make copies of the Bill of Sale for their records. The new owner also needs a Certificate of Title ( MV-999 ) for private sales or a retail certificate of title (MV-50) if the vehicle was purchased from a dealer - these documents serve as proof of ownership.
Depending on the vehicle type and model, the seller may also provide the buyer with the odometer disclosure statement, damage disclosure statement, manufacturer's certificate of origin and statement of origin. If the vehicle is transferred as a gift, this must be indicated on the Bill of Sale. State that the purchase price is "$0". Additionally, you are required to sign Form DTF-802, Statement of Transaction, issued by the New York Department of Taxation and Finance. It is used when the vehicle was received as a gift or when sales tax was not collected at the time of purchase.
