You will need a Maryland bill of sale form while selling or buying a vehicle in the state of Maryland. For a car transaction, a Maryland bill of sale can be used as evidence of the purchase of the vehicle. It is used as a legal document if any disputes arise relating to the vehicle.
Moreover, a bill of sale will be required while the buyer registers and titles the vehicle in their name, as set out by the MVA. This form must be signed by both parties and notarized by a state-authorized notary public.
Important details on a Maryland bill of sale:
In case, you are making your own Maryland bill of sale, it should have the following details;
- Date of sale
- The complete legal name and address of the buyer
- The full legal name and address of the seller
- Information regarding vehicle such as the VIN, make, model, year, color, body type, and odometer reading
- The sold price of the vehicle
- The buyer and the seller signatures
In the state of a Maryland, registering a vehicle:
For the first time, if you registering a vehicle, then after you have purchased the car, you have to register it immediately. You can done it at an MVA office. The dealership will generally take care of titling and registering the vehicle in case the vehicle was purchased from a dealership. Furthermore, if your vehicle is out-of-state, then to register the vehicle in the Maryland, you have 60 days from the date of residency.
Renewing vehicle registration
Registration of vehicle is renewed every two years. It can be done in a several ways;
- At a local MVA branch office
- By mail in the envelop given with your renewal reminder
- By phone
- At your country’s treasure office
Where to register a vehicle
For the first time, if you are titling and registering a vehicle in your name then you will require to do so in person. You have to do it at your local MVA branch, at a participating location that deals with licensed tag and title services.
Documents needed for registering a vehicle in Maryland:
- A current and valid Maryland driver’s license
- Form VR-181
- Competed Form VR-197
- Complete Form VR-005
- You will need to complete Form VR-217 in case your vehicle has over one lien against it
- You have to provide a lease agreement if your vehicle is leased
- Fund for covering suitable registration fees
- From a registered Maryland insurance provider, proof of insurance
- Complete Form VR-470 if you are registering and titling a vehicle on behalf of the vehicle’s owner
Safety inspection certificates:
If your vehicle is an out-of-state vehicle or you have purchased a used vehicle, Maryland state law requires you to have your vehicle inspected. By an authorized Maryland inspector, a safety inspection is carried out at any one of 1,600 stations. The validity period of an inspection certificate is 90 days. However, authorized inspection stations can inspect the following;
- Passenger vehicles
- SUV’s and light trucks. They should have a GVW rating of 10,000 pounds or under
- Without air brakes, trailers that are no more than 20 feet long
You have to pay sales tax while registering a vehicle. The state excise tax in Maryland is 6% of the vehicle’s purchase price. If you are a military veteran or classed as disabled, you may be exempt from paying sales tax. You may also like Tractor Bill of Sale Form.
Maryland Motor Vehicle Bill of Sale Form Template
Maryland Vehicle Bill of Sale Form VR-181
In conclusion, a Maryland bill of sale form is an important document used in the process of the transaction that is made while the sale or purchase of a motor vehicle. During such a transactional process, you can use a well-designed professional templates.