While not required for most vehicle transactions, the State of New Jersey does require a Bill of Sale Form for certain situations. The State of New Jersey doesn’t provide a state-approved Bill of Sale Form. For vehicle sales, New Jersey requires you to perform a title transfer to the new buyer or to complete a Bill of Sale form in cases where the Certificate of Ownership (the title) is unavailable.
The following information should appear on the New Jersey Bill of Sale Form:
– Name of the seller.
– Complete address of the seller.
– Name of the buyer.
– Complete address of the buyer.
– Complete vehicle description, including Vehicle Identification Number (VIN), make, model, year.
– Vehicle odometer reading at the time of sale.
– The price paid.
– Date of sale.
– Signature of both the seller and the buyer.
If a motor vehicle has suffered sufficient damage to render it economically impractical to repair or has been rendered a total loss by an insurer, the person in possession of the certificate of ownership (or “title”) for the vehicle is required, by law, to surrender the title to the New Jersey – Motor Vehicle Commission. The New Jersey – Motor Vehicle Commission will then issue a salvage title for that vehicle. Salvage vehicles cannot be registered for the purpose of being driven on the public highways of New Jersey except for the purpose of going to and from an inspection appointment at a Motor Vehicle Commission facility. (N.J.A.C. 13:21-22.6.)
It is against the law to sell or transfer ownership of a salvage motor vehicle except as a salvage motor vehicle with a salvage title, unless the vehicle is repaired and inspected by the Motor Vehicle Commission. (N.J.A.C. 13:21-22.5.)
For more information go to State of New Jersey – Motor Vehicle Commission.
Its mission is to promote motor vehicle safety for the citizens by delivering secure, effective and professional motor vehicle services, and to achieve public trust and confidence in the quality and integrity of those services.