Oklahoma Bill of Sale
You don’t need a bill of sale to buy a car in Oklahoma, but you need a document called a Declaration of Vehicle Purchase Price to sell one.
Written by Michelle Ballestrasse
Reviewed by Carrie Adkins
You do not need a bill of sale to complete a private vehicle transaction in the state of
Oklahoma
. However, if you are selling a car in Oklahoma
, you are required to fill out, sign, and submit a Declaration of Vehicle Purchase Price. This document contains much of the same information you’d find in a bill of sale.RECOMMENDED
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What is a bill of sale?
A bill of sale is a receipt given after a car is privately sold from one individual to another. It outlines and documents the purchase terms that the buyer and the seller mutually agreed to when the transaction took place.
A proper bill of sale contains information about the vehicle, including the Vehicle Identification Number (VIN), license plate number, current odometer reading, make, model, and year of the vehicle.
In addition, there should be information about the sale itself, including the names, contact information, and signatures of the buyer and seller, the sale price, and the date the transaction took place.
That, however, is usually the extent of the bill of sale’s importance. Even in states that do require one, it doesn’t transfer legal possession of the vehicle from the buyer to the seller.
To transfer ownership of the vehicle, the seller must complete and file a Form 722-1 Declaration of Vehicle Purchase Price, which contains much of the same information found on a bill of sale. The buyer, meanwhile, must handle the remaining official paperwork, including the
title transfer
, in order to complete the process.Is a bill of sale required in Oklahoma?
Oklahoma does not require a bill of sale to transfer ownership of a car. But a document that expresses the purchase agreement, whether that’s a bill of sale or a Declaration of Vehicle Purchase Price, is required as part of transferring the title. This applies to the buyer and the seller.
But just because a bill of sale isn’t required doesn’t mean it isn’t useful. There are a few ways in which a bill of sale comes in handy for both the buyer and the seller.
The bill of sale is documented proof of the sale terms that were agreed upon by both parties before the transaction formally takes place. If there are any disputes on either side that contest these terms, the bill of sale, as it’s signed by both parties, is proof that the terms were met as agreed.
What is required in an Oklahoma bill of sale?
Oklahoma’s Department of Public Safety does not offer any templates for drafting a bill of sale. There are a number of free templates available online if you’d like to draft your own, however.
Make sure you include the following details:
- Purchase price
- Transaction date
- The buyer and seller's names and signatures
- Both parties' contact informationVehicle Identification Number (VIN)
- License plate numberYear, make, and modelOdometer reading
What should I do after I get a bill of sale?
The first step after you receive a bill of sale is to make a copy for your records.
If you haven’t familiarized yourself with the title transfer process as outlined by Oklahoma’s Motor Vehicle Division, be sure to do so as soon as possible. Buyers and sellers require different documentation to transfer the title. Make sure you know what documents you need and have everything prepared.
Don’t waste time getting this process started, especially if you’re a seller. If you have not notified the DMV of the transfer by submitting a Notice of Transfer of Ownership of a Vehicle, you may be held legally responsible for any tickets or fines that the buyer incurs with the car after they’ve purchased it.
This is optional and comes with a $10 fee, but it may save you hundreds, if not thousands, if your buyer is less than reputable.
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