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.
Oklahoma Bill of Sale Form
When you sell a vehicle you are required by law to state the mileage upon transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment! To complete an odometer disclosure statement use this form: Odometer Disclosure Statement – Form 729.
As a seller, for your safety, you can notify the Oklahoma Tax Commission of the assignment of new ownership of your sold vehicle by completing a Notice of Transfer of Ownership of a Vehicle – Form 773
A Bill of Sale form will not be sufficient if you wish to purchase a vehicle and the owner does not have a certificate of title. So to transfer the ownership of a vehicle, in addition, 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. This rule excludes 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. This taxable value depends 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.
How to complete the Oklahoma Bill of Sale Form
This Oklahoma Bill of Sale is composed of three sections and below you’ll see you how to fill out this form:
The first section contains the vehicle information. Here you’ll need to fill out the Make, Model, Year, Style (Body type), Color, VIN or Vehicle Identification Number. Also fill out the Odometer Reading at the time of transfer (use only digits, no tenths), seller registration number, and to answer if you previously filed an application for title of this vehicle:
In the second section you will have to fill out first the Seller information. This means the full name of the seller (the name must be PRINTED – this means to use only Capital Letters to write SELLER’S NAME). Then seller’s street address, seller’s city and state. Further you will need to fill out the Buyer information – the full name of the buyer. The buyer’s name must be PRINTED – this means to use only Capital Letters to write BUYER’S NAME. Additionally fill out buyer’s street address, buyer’s city and state. After these details you will have to write the sum of the transfer price of the vehicle, to indicate if this vehicle was a gift and to indicate the relationship with the buyer (e.g. parent, spouse, friend):
The third section represents the seller’s statement about the details contained in this Bill of Sale. Lastly, complete seller’s signature and date:
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. Also a PDF file works best with Adobe Acrobat Reader.
Details about the Oklahoma Motor Vehicle Division
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. Vehicles include boats, outboard motors, manufactured homes, travel trailers and commercial trailers as well. The Division is located at 2501 Lincoln Boulevard in Oklahoma City. Motor Vehicle Division Phone Number (405) 521-3221.
Please be advised that the State of Oklahoma utilizes a statewide network of over 300 motor license agents or Tag Agents. Accordingly 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.