Montana Bill of Sale

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Montana requires a bill of sale for all private car sales. You will also need your bill of sale if you are applying to replace a missing or damaged car title.
It’s important to keep records of all documents related to your car—title, insurance information, and especially your bill of sale from when you purchased your vehicle. Though a bill of sale does not transfer ownership of a car, it can serve as some legal protection after selling your vehicle. It’s also a required document in Montana if you need to file for a duplicate car title.
Thankfully, the car insurance broker app Jerry has made the process of filling out a bill of sale simple and easy! Read on to find out what a bill of sale is, how to fill one out, and what to do after you have your bill of sale in hand.

What is a bill of sale?

A bill of sale is an official receipt for the purchase or sale of a car. On it, you can expect to find information about the buyer and seller, identifying information about the car itself, and the purchase price of the vehicle.
It’s important to keep in mind that the bill of sale does not transfer ownership of the vehicle—only a transfer of title will do that. Be sure to contact your local DMV immediately after purchasing your vehicle to ensure all the necessary paperwork is filed correctly.
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Is a bill of sale required in Montana?

Yes, you will need a bill of sale to buy or sell your car. However, it’s also important to keep accurate records of all major transactions.
A bill of sale will also be required if you file for a duplicate title. Though no one plans to have to replace their title, you never know when it may be lost or damaged. It’s always best to plan ahead.

What is required in a Montana bill of sale?

The first step to correctly filling out a bill of sale in Montana is obtaining a copy of Form MV24.
Once you have the blank bill of sale in hand, you’ll need:
  • Buyer and seller information
  • Name–both printed and signature
  • Driver’s license or ID card number
  • Address
  • Vehicle information
  • Year, make, model, and style
  • Vehicle Identification Number (VIN)
  • License plate number
  • If there are any salvaged parts, and what they are
  • Odometer statement
  • Notary information
  • Signature and seal/stamp
  • County and state
  • Date of the sale
  • Selling price

What should I do after I get a bill of sale?

Once the bill of sale has been filled out, you should make copies for all parties and then store yours in a safe location.
Afterward, be sure to contact your local DMV to begin applying for a transfer of title. Don’t forget: the bill of sale does not transfer ownership. It only records the terms of the sale. The seller will still be liable for the vehicle until the title transfer has been processed and a new title issued.

How to find affordable car insurance

Properly insuring your new vehicle is just as important as keeping good records. However, finding the right insurance policy can be a daunting task—so let Jerry take care of it for you!
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