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Vehicle Bill of Sale - Iowa State County Treasurer's Association - Iowa
What Is an Iowa Vehicle Bill of Sale?
An Iowa Vehicle Bill of Sale is a legal document that verifies the sale of a vehicle and provides information about the car and the terms and conditions of the sale. It is not as formal as a title or a deed, but it still serves as a record of the vehicle sold and proves a legitimate transaction took place. This paper contains the names of the parties, the buyer and the seller, describes the vehicle (its make, year, and vehicle identification number (VIN)), states the date of the sale and the amount of money paid. To become valid, a Bill of Sale must be signed by the seller.
The state of Iowa Vehicle Bill of Sale is issued by the Iowa State County Treasurer's Association . The latest version of the form was released in February 2009 with all previous editions obsolete. You can download the Iowa Motor Vehicle Bill of Sale form through the link below. It is suited for individuals and entities alike.
Does a Vehicle Bill of Sale Have to Be Notarized in Iowa?
No, a Vehicle Bill of Sale does not have to be notarized in Iowa but in general it is always a good idea to have one, especially when selling or buying a vehicle. This can save potential trouble which might occur should the seller or buyer contest the transaction at a later date.
How to Sell a Vehicle in Iowa?
There are several steps you need to take when selling a car in the state of Iowa:
- Investigate the car market. Find out about the effort you need to invest in selling your vehicle and estimate its worth;
- Determine the paperwork you should collect prior to the sale. Traditionally, the documentation includes title, maintenance records, Bill of Sale, warranties, or guarantees;
- Prepare the car for sale - clean it, improve its condition, repairs any defects if necessary - and then advertise it on your chosen venue;
- Negotiate with a potential buyer and then fill out the necessary documentation, which usually includes the Bill of Sale and a release of liability. It is recommended to make several copies of the Bill of Sale. The buyer has the original document. You must sign over the car title and provide the buyer with the warranty documents and maintenance records. After you finalize the deal, you may give the purchaser the car keys.
Do You Need a Bill of Sale to Register a Vehicle in Iowa?
Once the vehicle is purchased, the buyer has 30 days to register it. In the state of Iowa, every vehicle must be registered with the Iowa County Treasurer's Office. To complete the process of registration, the buyer has to file the following documents:
- Title signed by the seller;
- Application to receive the Certificate of Title and Registration for the Vehicle;
- Bill of Sale;
- Damage Disclosure;
- Odometer Disclosure;
- Photo ID;
- Copy of the insurance.
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