What Is a Minnesota Vehicle Bill of Sale?
A Minnesota vehicle bill of sale is a written document that indicates the transfer of vehicle ownership from one person to another. It lists important information about the buyer, the seller, and the vehicle. This way, both parties can keep an accurate record of the transaction.
Note that a car bill of sale does not replace the vehicle title in Minnesota. To transfer ownership officially, the buyer must receive a valid certificate of title, which is the official legal document used to complete the transfer. With that said, a vehicle bill of sale can support this process by clearly showing the terms of the sale that both parties agreed to.
You can complete a Minnesota vehicle bill of sale for your car in minutes using our free template. Use Legal Templates’s guided questionnaire to customize and download your completed form in PDF or Word.
When Should You Use a Vehicle Bill of Sale in Minnesota?
A vehicle bill of sale may be useful whenever you’re carrying out a private vehicle sale. It can help both the seller and the buyer confirm key details of the sale for their records. You may need to use a car bill of sale when:
- You buy or sell a car through a private party sale without a dealership.
- You need to document the sales price for tax purposes. The Minnesota Department of Revenue’s motor vehicle sales tax guide uses this amount to calculate tax owed, and a bill of sale can help confirm that.
- You need proof of the transaction for insurance, registration, or personal record-keeping purposes. Having a written record can make it easier to update your insurance or answer questions about the transfer.
- You need supporting documents for the title transfer. Minnesota Driver and Vehicle Services (DVS) requires a valid certificate of title to transfer ownership. A bill of sale can help confirm that the information listed on the title is accurate.
Does a Minnesota Vehicle Bill of Sale Need to be Notarized?
Notarization for a motor vehicle bill of sale is not required in Minnesota. Buyers and sellers can simply complete and sign the form. However, notarization can still be beneficial, especially when the vehicle in question is of high value. By notarizing your document, you can:
- Reduce the risk of fraud
- Confirm the identities of both parties
- Add trust to the transaction and an additional layer of protection
Use a free Minnesota notary acknowledgment form to confirm each signer’s identity and add extra protection.
Sample Minnesota Vehicle Bill of Sale
Take a look at a sample Minnesota vehicle bill of sale template below to see what a completed form looks like. Then, complete your own using our step-by-step questionnaire to customize and download your bill of sale in PDF or Word format.
