Finally, the seller must provide an odometer disclosure statement. The seller is also responsible for recording their own and the buyer’s name on the vehicle’s Certificate of Title. If you are not provided with a safety certificate while purchasing a car, you shouldn’t continue with that deal. Maryland laws oblige sellers to undergo a safety inspection before selling their vehicles. Consider using a complimentary form builder if you need to design a custom document. You can also download a printable template in PDF format from our website for free. A physical copy of the form can be received at a Motor Vehicle Administration office. Mind that you must utilize a state-authorized bill of sale form to ensure that the document will obtain legal value. If a bill of sale isn’t available, the tax amount will be determined based on the clean retail value, which may significantly increase the payment. A notarized Maryland motor vehicle bill of sale can also save you some money when it comes to paying the state’s tax. Although you may indicate the vehicle’s price directly on the title, it’s still advised to sign the bill to avoid legal disputes. If you are purchasing a vehicle from a private party, such as an individual or privately owned company, a bill of sale is necessary. Yes, a vehicle bill of sale is required to sell, purchase, title, and register a vehicle in the state of Maryland. Power of attorney - If someone other than you, the new owner, is signing the titling forms, this document is required.Do You Need a Bill of Sale to Trade Vehicles in Maryland? If the vehicle is currently titled in another state, you may submit a signed letter of release from the lien holder or you may have the lien holder sign the title indicating that the lien has been released. For a vehicle that was titled in Maryland, this could be a properly completed and signed Maryland Security Interest Filing or a signed letter from the lien holder specifically identifying the vehicle and stating that the lien has been released. Lien release - If the existing title indicates that a lien was placed against it, you must submit a lien release. The MVA form entitled security interest filing (form #VR-217) must be used if a second lien is placed against the title. Lien information - If you borrowed money to buy the vehicle, the lien information may need to be recorded on the application. Under certain circumstances, additional information and/or forms may be required: It is valid for up to 90 days from the date issued. Maryland Safety Inspection Certificate - The Maryland State Police form certifies that your vehicle meets Maryland safety standards. You also can submit the MVA's odometer disclosure statement(form #VR-197). Odometer disclosure statement - The odometer reading can be recorded and attested in the Assignment of Ownership section on the Maryland title. the new owner (buyer) wants to base the excise tax calculation (6% of the vehicle's value) on the sale price rather than the book value.the purchase price is at least $500 below the book value and.the vehicle is less than 7 years old and.The bill of sale must be notarized if the following conditions apply: Proof of purchase price - This should be a bill of sale signed by both the buyer(s) and seller(s). Be sure to include vehicle insurance information! (Tags will not be issued without verified insurance information!) If not or the current title has been written on, applicant must use (form VR-005) application for certificate of title. If the vehicle is from a state that does not issue a title as proof of ownership, a registration document and a bill of sale may be submitted as proof of ownership.Īpplication form - If the vehicle's current title was issued in Maryland, use it as your application form by completing the section entitled Application for Title and Registration. If the title was issued in Maryland, it can be used as your application for titling and registering the vehicle. Proof of ownership - The vehicle's current title has to be properly assigned to you.
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