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Form MV-016 (SD Form 0860 V1) Bill of Sale for Motor Vehicle / Boat - South Dakota
What Is Form MV-016?
Form MV-016 (SD EForm 0860 V1), Bill of Sale is a legal document that proves the sale and purchase of a motor vehicle or watercraft took place. It can be used both as a Bill of Sale for both vehicles and boats in South Dakota. This document states the date of the transaction, describes the vehicle or boat, identifies the purchaser and the seller, and indicates the sum of money paid for the item.
Alternate Names:
- South Dakota Boat Bill of Sale;
- South Dakota Vehicle Bill of Sale.
This form was released by the South Dakota State Government . The latest version of the form was issued on March 1, 2004 , with all previous editions obsolete. You can download a fillable Form MV-016 through the link below.
- Form 1025, Bill of Sale is a related document issued by the South Dakota Department of Revenue. It is filled out by a seller who outlines the details of a vehicle/boat purchase and sends this information to the county treasurer's office.
- Form 1024, Seller's Report of Sale is a legal notice a seller completes to inform the South Dakota Motor Vehicle Division of the sale or transfer of the vehicle or boat. It is recommended to do it as fast as possible to ensure a release of responsibility for the item.
How Long Can You Drive on a Bill of Sale in South Dakota?
The purchaser has 30 days from the date of the transaction to register a vehicle, whether it was bought from a private individual or a dealership. The documentation must be submitted to the County Treasurer's Office nearest to you, and it is required to appear there in person. You will need a completed Application for Motor Vehicle Title and Registration (SD EForm 0864 V20), a Bill of Sale and signed-over title, an odometer reading statement, proof of paid auto insurance, and your driver's license.
Until you have registered your car or boat, you have one month to use it without registration, however, do not delay this process to avoid legal issues that may take place. Once the title is transferred, the purchaser is no longer vulnerable to different disagreements and disputes and may use vehicle documentation in all government agencies and courts of law.
Does a Vehicle Bill of Sale Have to Be Notarized in South Dakota?
The state of South Dakota does not require a notary public's certification for vehicle sales but it is generally a good idea to have a notary or witness to a sale in order to confirm a transaction has taken place. This can save any potential trouble which might occur should the seller or buyer contest the transaction at a later date.
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