When you sell or purchase a vehicle in the State of Indiana you may need a Bill of Sale. This serves as a legal document from the seller to the purchaser documenting the transaction and the purchase price. The State of Indiana has some legal specific requirements about what a Bill of Sale Form must contain. All the forms should be completed in blue or black ink.
The following information should appear on the Indiana Bill of Sale Form:
- Complete vehicle description, including Vehicle Identification Number (VIN), make, model, year.
- Name of the seller.
- Name of the purchaser.
- Purchase price.
- Date of sale.
- Signature of the seller and the purchaser.
Indiana Bill of Sale Form
However please understand that a Bill of Sale cannot be used to transfer vehicle ownership for a vehicle that requires a certificate of title by law. In other words you don’t need a Bill of Sale in the State of Indiana to transfer a vehicle that has a Certificate of Title. Nonetheless you can use this Bill of Sale Form to keep the records of any vehicle transaction for your safety.
Buying and Selling a Vehicle in Indiana
If you have purchased a vehicle within the last 45 days and the title application has been submitted to the Indiana Bureau of Motor Vehicles, you may register your new vehicle online. However if your vehicle was purchased more than 45 days ago, you need to visit a license branch.
In the case where you cannot obtain a certificate of title from the seller of your vehicle and the vehicle is valued at $5,000 or less, according to NADA clean retail value, you may apply for a certificate of title by completing an Affidavit of Ownership for a Vehicle – State Form 23037. Visit nada.com to confirm the clean retail value of your vehicle prior to applying.
So for a salvage vehicle you’ll need the following forms: Affidavit For Restoration For A Salvage Motor Vehicle – State Form 44606 and Salvage Title Affidavit – State Form 49891.
Odometer Disclosure Statement in Indiana
Very important to know, in accordance with federal and state law, the seller of a motor vehicle must disclose the current mileage to a purchaser in writing upon transfer of ownership. Also the disclosure must be signed by the seller, including the printed name. If more than one person is a seller, only one seller is required to sign the written disclosure. The purchaser must sign the disclosure statement, including printed name and address, and return a copy to the seller.
How to complete an Indiana Bill of Sale Form
The Indiana Bill of Sale is composed of three sections. Below you’ll learn how easy is to fill out this form:
The first section contains the vehicle information. First here you need to fill out the VIN or Vehicle Identification Number, Year, Make, and Model. Lastly fill out the sale price and the date of sale:
In the second section you have to fill out first the seller(s) signature(s) and the signing date. Next fill out the full name of the seller(s). The name must be PRINTED. This means to use only Capital Letters to write SELLER’S NAME. Then fill out seller’s address, city, state and ZIP code.
In the third and last section you have to fill out the buyer(s) signature(s) and the signing date. Then fill out the full name of the buyer(s). The buyer’s name must be PRINTED. Again this means to use only Capital Letters to write BUYER’S NAME. Finally fill out buyer’s address, city, state and ZIP code:
Please note that you can fill out this Bill of Sale form by hand. However don’t forget to use a pen and not a pencil. If you are filling out this form on your device (phone, tablet, computer) this form is a fillable PDF that works best with Adobe Acrobat Reader.
Learn more about the Indiana Bureau of Motor Vehicles
For more information go to Indiana Bureau of Motor Vehicles
Above all Indiana Bureau of Motor Vehicles mission is to serve all Hoosiers by providing best-in-class driver and vehicle services. Consequently the services are provided in a timely and accurate manner while ensuring security and transparency.
Especially Indiana BMV vision is to be the most efficient and trustworthy motor vehicle agency in the nation.