This form is a Promissory Note in connection with the sale of a vehicle where the Buyer is to pay a portion of the purchase price over time.
Missouri Promissory Note in Connection with Sale of Vehicle or Automobile
Category:
State:
Missouri
Control #:
MO-00431-D
Format:
Word;
Rich Text
Instant download
Description
How to fill out Missouri Promissory Note In Connection With Sale Of Vehicle Or Automobile?
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FAQ
Notify DMV that you have sold, traded or donated the vehicle. You must notify DMV that you have sold, traded or donated your vehicle. This may be accomplished by going online, visiting a customer service center or contacting us by phone.
You will write in the following information on the front of the title. On the title, the seller should fill in the name and address of the purchaser, the odometer information, selling price, and the date sold in the "Transfer of Title by Seller" section.
Step 1: Complete a bill of sale. Step 2: Exchange funds. Step 3: Release any liens on the car title. Step 1: Obtain the car title from the seller. Step 2: Fill out the title transfer section on the title. Step 3: Submit the paperwork to the DMV.
Back of the title top right - sign name(s) in the box where it reads "Signature(s) of All Seller(s)." Back of the title right below where you signed name(s) - print name(s) in the box where it reads "Hand Printed Name(s) by Seller(s)."
Properly assigned Certificate of Title (see instructions); Safety inspection certificate, less than 60 days old; An emissions inspection not more than 60 days old, if you reside in St. Lien Release (Form 4809), notarized, if applicable.
A promissory note is often included in a mortgage, student loan, car loan, business loan, or personal loan agreement. If you're loaning someone a large sum of money, you'll likely want a legal record of it. Therefore, promissory notes can be used in personal transactions as well.
Selling. Sellers must notify the California Department of Motor Vehicles of the transfer of vehicle ownership within 5 days of the sale. You can do this either online or by mailing a completed Notice of Transfer and Release Liability (Form REG 138).
Next to the buyer signature the seller must print name(s) and sign on the lines as provided. MAKE SURE TO PRINT YOUR NAME (OR NAMES) EXACTLY as appears on the front of the title next to OWNER (DON'T USE SHORT NAMES OR NICKNAMES!). ALL sellers on the face of the title are required to sign.
A completed Bill of Sale or Notice of Sale form. Current maintenance and vehicle records. The vehicle's original or replacement certificate of title. Current emission and safety inspection documentation if completed in the last 60 days.
