When you buy or sell a vehicle in the State of Oklahoma you should write a Bill of Sale Form. The Bill of Sale Form records specific transaction details. The Oklahoma DMV doesn’t provide a state-approved Bill of Sale Form, but you can download and print the Bill of Sale Form below.
The following information should appear on the Oklahoma Bill of Sale Form:
– Name of the seller.
– Address of the seller.
– Name of the buyer.
– Address of the buyer.
– Complete vehicle description, including Vehicle Identification Number (VIN), make, model, year.
– Vehicle odometer reading at the time of sale.
– The sale price.
– Date of sale.
– Signature of the seller and date signed.
A Bill of Sale form will not be sufficient if you wish to purchase a vehicle, but the owner does not have a certificate of title. To transfer ownership of a vehicle, a negotiable certificate of title, properly assigned to the new owner(s), is required.
Oklahoma law provides that vehicle excise tax is based on the purchase price of a vehicle, excluding any trade-in adjustment and provided the purchase price is within twenty percent (20%) of the average retail value for that model of vehicle. If the purchase price was not within 20% of the average, a taxable value is assigned equal to the nearest acceptable price within the value range for that model. In such situations, the taxable value may be higher or lower than the actual purchase price, depending upon whether the price presented exceeded the highest or lowest limits of acceptable value for that model vehicle. Please note, no taxable value adjustment is made for the condition (mileage, damage, etc.) of a particular vehicle.
Download here the Declaration of Vehicle Purchase Price.
For more information go to Oklahoma Tax Commission – Oklahoma Motor Vehicle Division.
The Motor Vehicle Division of the Oklahoma Tax Commission deals primarily with the titling and registering of vehicles, boats, outboard motors, manufactured homes, travel trailers and commercial trailers. The Division is located at 2501 Lincoln Boulevard in Oklahoma City. Motor Vehicle Division Phone Number (405) 521-3221.
Please be advised the State of Oklahoma utilizes a statewide network of over 300 motor license agents (Tag Agents). They have the capability of processing virtually any vehicle title and/or registration transaction, applying the identical tax and fee structure. To expedite your request, you may wish to visit one of these offices.