When buying or selling a car, both parties to a transaction want proof of it. The seller no longer wants to be held liable for a car that has passed into the possession of another person, not to be responsible for the consequences if something happens to the vehicle. And the buyer wants to make sure that the new purchase officially belongs to them and that no one else claims to this object.
In Oregon, there is a document that confirms the transfer of ownership of a vehicle from one person to another. This is the Oregon Motor Vehicle Bill of Sale Form, which we will tell you about in more detail in our article.
You can create a personalized Oregon Motor Vehicle Bill of Sale Form using a specialized document builder that will get you through the process step by step:
You can also download a free Oregon Motor Vehicle Bill of Sale Form template as a PDF file to fill and print it out yourself:
What Are the Components of an Oregon Vehicle Bill of Sale?
Usually, this document is drawn up by the seller and transferred to the buyer after the funds have passed from one side to the other. This form is the final document signaling that the deal is closed.
The new vehicle owner will need this document to register with the DMV. The DMV officer will use this as a source of information to correctly register the vehicle and set the appropriate fees.
Therefore, the form must include the required components:
- Vehicle description — its year, make, VIN, title, and plate number
- Buyer’s details — full name, address
- Seller’s details — full name, address
- Date of purchase and release
- Signatures (seller and buyer)
It is highly recommended to use the official state form. You can find it on the Oregon state website. This form uses a simple but official language and contains everything you need. Using the official form, you will not have any issues with the registration of the vehicle or in case of legal proceedings.
How to Register a Motor Vehicle in Oregon?
According to state law, the buyer is required to register their new vehicle within 30 days of purchase, otherwise, fines will be imposed. The seller must, within 10 days, report the sale to the Oregon Driver & Motor Vehicle Services department (DMV). Let’s take a closer look at the registration process.
You should prepare in advance and collect the necessary documents to submit them to the department. You need:
- A driver’s license is required to verify your identity
- Proof of residence is needed if you want to change your address
- The Application for Title and Registration acts as your official registration application
- Motor Vehicle Bill of Sale
- Emissions certificate you receive after passing Oregon emissions testing (mandatory for residents of Medford and Portland)
- VIN verification form
- Odometer reading is often indicated on the back of the bill of sale (only necessary if your vehicle is less than 10 years old)
After you have collected all the necessary documents, you need to schedule a visit to your local DMV department. Also, be prepared for the fact that there you will be required to pay mandatory fees.
The amount of payments depends on the type and size of your vehicle. Usually, payments are:
- Registration fee — $ 122-152 for diesel and gas vehicles, or $ 306 for electric vehicles
- Title fee — $ 98-113 for light trucks and passenger vehicles, $ 187 for electric models
- Late titling — additional $25-50
- Oregon plates — $ 24,50
- VIN inspection — $ 7
- If you registering in Clackamas, Washington, or Multnomah — $60-112
The good news is that there are no additional sales taxes in Oregon.
Oregon Vehicle Bill of Sale Laws and Requirements
By using the official form adopted in Oregon, you will be on the safe side. The form uses plain English and is very easy to complete. As this is an official document, only black or blue ink is allowed.
An important condition for your document to be recognized as legal is its signing. Both the seller and the buyer are required to sign the agreement. In this case, the presence of witnesses is not at all necessary, since the document does not imply the presence of signatures of witnesses.
Notarization is also not required by state law. However, you can do this if you want to have additional assurance that no one will challenge the authenticity of the document.
The document must be drawn up and signed in three copies. Two copies are required by the parties to the transaction, and the third copy will need to be submitted to the DMV office.