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- What is a bill of sale?
- Is a bill of sale required in Vermont?
- What is required in a Vermont bill of sale?
- What should I do after I get a bill of sale?
- How to find affordable car insurance
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A Vermont bill of sale should include some vehicle information, the selling price, date of sale, and buyer and seller’s information plus their signatures. You will also need to provide an odometer disclosure if the car is the model year 2011 or newer.
A bill of sale is an important document to complete when you’re privately buying or selling a vehicle. While you’re not legally required to draft a bill of sale in every state, it’s a good idea to complete one as a record of the transaction.
Car insurance comparison and broker app Jerry wants to make filling out a bill of sale as easy as possible for you. Here is everything you need to know about a Vermont bill of sale.
What is a bill of sale?
A bill of sale is like a receipt for the private sale of a car. It includes important information about the car sold, including the Vehicle Identification Number (VIN), odometer reading, and purchase price. The bill of sale should also include information about the buyer and seller, including their signatures.
A bill of sale does not legally transfer ownership of a vehicle—you’ll need a certificate of title to do that. A certificate of title certifies legal ownership of the car, while a bill of sale simply states the terms of your agreement in a private vehicle sale.
Is a bill of sale required in Vermont?
The state of Vermont requires the buyer and seller to fill out a bill of sale. To complete a private sale, you will need to fill out this form. The seller will also need to sign over the title to the new owner.
Take note that Vermont’s odometer disclosure requirements were recently updated. If you’re privately selling any vehicle from the model year 2011 or newer between January 1, 2021 and December 31, 2030, you must complete an odometer disclosure recording the car’s mileage.
What is required in a Vermont bill of sale?
To complete your required bill of sale in Vermont, you can use this Bill of Sale and Odometer Disclosure Statement form from the Vermont Department of Motor Vehicles.
Make sure to include the following information:
- Seller’s name, address, phone number, and signature
- Buyer’s name, address, phone number, and signature
- Vehicle information, including the year, make, model, body type, color, Vehicle Identification Number (VIN), and odometer reading
- Sale price and date of sale
What should I do after I get a bill of sale?
After you finish the bill of sale and odometer disclosure, you’ll need to complete a title transfer to legally transfer ownership to the buyer.
Keep in mind that a bill of sale merely acts as a receipt of the transaction; it does not legally transfer ownership of the car.
If you’re the seller, you’ll need to head to your local DMV branch to report the sale and turn in or terminate your license plates. If you’re the buyer, you’ll need to register the car with the DMV and pick up your new license plates.
Keep a copy of the bill of sale for your records. You might fall into a legal dispute somewhere down the road, and you’ll want a copy of the bill of sale as evidence of the terms of your agreement.
How to find affordable car insurance
Now that you’ve completed all the work of buying a car, why not take it easy when it comes to finding affordable insurance? Just download the Jerry app and enjoy hassle-free savings.
As a licensed broker, Jerry shops quotes from more than 50 top insurance carriers and delivers competitive options for you to compare. Just pick the coverage you want and let Jerry take care of the rest.
The best part? Jerry users save an average of $879 a year on car insurance!
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