This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
On the title, write ``gift'' where it asks how much the car was sold for. No bill of sale is needed. If the registered owner is changing, which it sounds like it is, then you will need to get new plates, and new registration. Source: I gifted my car to my stepdaughter in NJ recently.
An Affidavit of Gift of Motor Vehicle (SU 87-65) is required in addition to the Vehicle Gift Letter. A separate plate gift letter must be used for non-immediate family members.
How to Properly Draft a Bill of Sale for a Gifted Car? Step 1 – Complete Seller and Recipient Information. Step 2 – Include Comprehensive Vehicle Information. Step 3 – Odometer Statement. Step 4 – Signatures, Printed Names, and Date.
Writing the Gift Letter: Step-by-Step Step 1: Begin with the Date and Contact Information. Step 2: Clearly State the Gift. Step 3: Include Vehicle Details. Step 4: Explain the Relationship between Giver and Receiver. Step 5: Declare No Expectation of Repayment. Step 6: Signatures and Notarization.
Writing the Gift Letter: Step-by-Step Step 1: Begin with the Date and Contact Information. Step 2: Clearly State the Gift. Step 3: Include Vehicle Details. Step 4: Explain the Relationship between Giver and Receiver. Step 5: Declare No Expectation of Repayment. Step 6: Signatures and Notarization.
3. Write a bill of sale VIN. Vehicle details, including make, model, color and year. Odometer reading. Payment details — in this case, write in “$0” Terms and conditions. Buyer and seller contact information. Signatures from the buyer and seller.