![]() ![]() In New Jersey, with only a few exceptions, any boat that is powered by a motor or greater than 12 feet long is required to have a title. Useful types of vehicle information to include are: The state of New Jersey provides a summary of official responsibilities for both the buyer and seller during a transfer of motor vehicle ownership.Ī New Jersey motor vehicle bill of sale must include: Getting a bill of sale in New Jersey can help car buyers and sellers avoid legal complications. The buyer must also pay sales tax based on the purchase price of the vehicle. To complete the registration process, buyers must provide: If You’re the Buyerīuyers have 60 days to title and register their new vehicles in New Jersey or face late fees. The seller must also either transfer their plates to a new vehicle or surrender them to a motor vehicle agency. If the title is lost or destroyed, the seller can request a new one from the New Jersey Motor Vehicle Commission. The bill of sale must include an odometer reading. In New Jersey, anyone selling a motor vehicle must fill out the back of the title with the buyer’s information, then give the title to the buyer along with the bill of sale. ![]() Whether you’re selling or buying, you’ll need to provide several other documents to make the transaction official. To transfer ownership of a motor vehicle in New Jersey, you need more than just a bill of sale. This is to protect buyers from potentially buying a vehicle that is dangerous to drive or uninsurable. If a person sells a salvage vehicle in New Jersey, the buyer and seller must sign a bill of sale that acknowledges the salvage title. When a car is totaled, the owner must get a “salvage” title if they wish to keep the vehicle, whether or not they choose to repair it. Therefore, boat and motor vehicle sales should involve three copies of the bill of sale, so the buyer and seller can also keep copies.įor other sales, only two copies are required: one for the buyer and one for the seller. If you’re buying or selling a motor vehicle or a boat, it’s important to have a copy of the bill of sale to give to the titling agency. The state of New Jersey provides a list of certified translators in its Judiciary’s Registry of Interpreting Resources. You can work with a state-certified interpreter to get your bill of sale officially translated. However, the state only offers documents in English. There are no language requirements for a bill of sale in New Jersey. Additional Considerations Language Requirements It also provides the buyer with proof of ownership. The bill of sale serves as an official record demonstrating that the seller is no longer responsible for the asset. A bill of sale can also provide legal protections and help avoid legal disputes. In some cases, a bill of sale is legally required to get a title for an asset. If you decide to draft a bill of sale for your use, you should understand the requirements this document must meet in the state of New Jersey. You can use a template provided by a professional document management service like PandaDoc or you can draft your own. In New Jersey, a bill of sale is required if you’re buying a motor vehicle or boat. Sometimes, using one is a legal requirement. It’s always a good idea to get a bill of sale for expensive items. Digital signatures are acceptable if they are received through a certified digital signature provider such as PandaDoc. Certification/Signature: For a bill of sale to be valid, all parties need to sign it.Gift: A gift bill of sale is useful for filing taxes on the transfer during the next year if someone is giving another person a large gift.As-is: If a bill of sale lists the item as being sold “as-is,” then the buyer agrees to purchase the item in its current state with no holds on the seller. ![]() A witness can be a third party or a notary public. Witness information: Some bills of sale must be witnessed to be legally binding.Property location: This is where the property is located, such as county or state.Property: The item that’s being sold is the “property.” The bill of sale will list the date of sale and a description of the property.Sales tax: If the sold item is subject to sales tax, the bill of sale should explain how much sales tax should be paid and whether the tax is included in the price.The bill of sale should include their name and address, along with information about any additional buyers. Buyer: The person paying for the item is the buyer.The bill of sale should include their information, such as name and address. Seller: The person selling the item is called the primary seller. ![]()
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