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- What is a bill of sale?
- Is a bill of sale required in Alaska?
- What is required in an Alaska bill of sale?
- What should I do after I get a bill of sale?
- How to find affordable car insurance
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In Alaska, an auto bill of sale needs to include information about the vehicle, like the VIN, make, model, year, and odometer reading. It also requires the names, addresses, and signatures of the buyer and seller, as well as all details about the transaction.
Completing a bill of sale is a key step in the private sale of a vehicle. In Alaska, you’ll have to provide a bill of sale when registering a vehicle. Bills of sale serve as proof of a transaction and can provide legal protection for both parties.
Whether you’re buying or selling a car in Alaska, car insurance comparison and broker app Jerry has listed all the must-know information about Alaskan bills of sale.
What is a bill of sale?
A bill of sale is essentially a receipt for the private sale of a vehicle. Bills of sale typically include all of the basic details of the transaction, including:
- Date of purchase
- Vehicle Identification Number (VIN)
- Description of the vehicle
- Amount paid
- Names, addresses, and signatures of the buyer and seller
In Alaska, the bill of sale does not officially transfer ownership of the vehicle—you’ll need a title transfer for that. The title certificate is the official document that certifies the vehicle’s ownership. A bill of sale details the terms agreed upon in your transaction with the other party in a private vehicle sale.
Is a bill of sale required in Alaska?
In Alaska, bills of sale are required to register a vehicle. Using a bill of sale provides legal proof that both parties agreed to the sale. It should also cover you in case any legal disputes arise.
Even when it’s not required, completing a bill of sale when you buy or sell a vehicle is typically the wisest choice. The bill of sale document provides evidence of the transaction and its terms, which can be helpful to keep in your records.
What is required in an Alaska bill of sale?
In the state of Alaska, your bill of sale must include all the basic information about the transaction, like the name, address, signatures, and driver’s license numbers of the buyer and seller. It will also need the following vehicle information:
- Odometer reading
The bill of sale also needs to include the details of the purchase or trade, like:
- Price of purchase
- Date of purchase
- Date the bill of sale was entered into
- Due date for the balance if the buyer isn’t paying for the vehicle on the same date
You’ll also have to state whether the seller is including the title certificate in the sale and any other terms or conditions that apply to the sale. The Vehicle Transaction Application should outline everything you need to include.
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What should I do after I get a bill of sale?
An Alaska bill of sale is not valid for ownership transfers—it serves only as a receipt. You’ll have to complete a title transfer to make the switch of ownership official.
The buyer of the vehicle must transfer the title within 30 days of the sale as well as report the transfer of the vehicle. If the vehicle is less than 10 years old, the buyer also has to complete the Odometer Disclosure Statement when registering the vehicle.
Make sure you keep a copy of your bill of sale for your records. Keeping your bill of sale can protect you from any possible legal disputes since the bill of sale serves as proof of your agreement.
How to find affordable car insurance
When you finish your bill of sale and have switched over the title and registration, you’ll need to find or update your car insurance. Downloading the Jerry app makes the shopping process totally effortless.
Jerry can find you competitive rates across more than 50 companies in under two minutes. When you find your best match, Jerry can sign you up for a new policy or even help cancel your old one. A Jerry agent is always on hand if you need help along the way—just send a text!
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