Introduction to Alaska Bill of Sale
The Bill of sale is used when you buy or sell a vehicle. It is a legal document that represents the change of ownership. This bill contains various details regarding the transfer. It includes the details about both the parties involved in the transfer. Click here to download the bill of sale template for Alaska.
What is the Alaska Bill of Sale?
As mentioned above Alaska Bill of sale is a legal document that represents the transfer of ownership or title from the seller to the buyer for a purchase price. Further, it is not enforced by law in the state. So it is not solid proof of transfer of ownership rather it is an acknowledgment of sale between two parties.
It is only precautionary paperwork to avoid conflict and confirm the deal on paper. Ultimately the document serves the purpose of proving the existence of a transaction between two parties where one party (the buyer) pays the price for acquiring something from the other party (the seller).
Thus if you want to buy or sell a motor vehicle then you need to deposit a Bill of sale at the DVM (Divison of Motor Vehicles). Along with this document, an odometer reading and the title is required to transfer ownership. The registration of a new vehicle is not possible without any of the three documents. Click here to download the Alaska Bill of Sale Form Template.
DVM Alaska (Divison of Motor Vehicles)
DVM (Divison of Motor Vehicles) Alaska is the authority that provides driving licenses to qualified drivers. They also serve the population of Alaska by issuing state identification cards. It provides support for proof of vehicle ownership as it issues title for manufactured homes, motor vehicles, and transfers.
DVM Alaska registers all snow machines, all-terrain vehicles, boats, and commercial vehicles. This state authority also administers commercial vehicle driving license and driver improvement programs. It enforces safety responsibility law, maintains driver records, and is responsible for collecting motor vehicle registration taxes.
What are the requirements of the Alaska Bill of Sale?
You are required to fill in the following details in the Alaska Bill of Sale. First is the name of the seller and the buyer. The second is the complete address of both. As the Bill of sale is for the transfer of a vehicle it must include the complete details of the vehicle.
Vehicle description includes VIN (Vehicle Identification Number), model of the vehicle, year of manufacturing, make type, serial number, and body type. The odometer reading is an important element of the Alaska Vehicle bill of sale. Finally, the document should be signed and dated.
The following information is further elaborated in the points below:
– Name of the seller or dealer, in case of purchase of a new vehicle.
– The full address of the seller including the city and the state.
– Name of the buyer who will acquire the ownership.
– The full address of the buyer including the city and state.
– A complete description of the vehicle, including Vehicle Identification Number (VIN), model, make, year, series number, style, color, and body type.
– Vehicle odometer reading recorded as displayed at the time of sale.
– Date of sale of the motor vehicle.
– The document must contain the signature of the seller or of the authorized representative.
–A Notary public seal can also be added if required, identifying the seller and his signature.
How to register a Vehicle?
For registering a vehicle a persons need to submit all the necessary paperwork that is listed below.
- The title, transferred by the previous owner to the present owner. The previous owner( transferor) must sign the document for the transfer of title.
- A copy of the Alaska Vehicle Transaction application is properly filled and signed.
- Previous registration of the vehicle
- VIN verification by a certified inspector.
- An Odometer Disclosure Statement is required for vehicles less than 10 years old.
- If there is a lienholder then lien release must be acquired.
- For buying a vehicle for another person there must be permitted to do so on behalf of a nominee through power of attorney.
- The required payment must be made.
How to Write The Alaska Bill of Sale?
Here is the step-by-step process that you need to follow to fill the Alaska DMV Bill of Sale.
Step 2 – Provide the Vehicle Description as mentioned;
- Odometer reading
- Seller registration #
Then there is a section the requires you to answer yes or no if you have previously filed an application for the transfer of title for this vehicle.
Step 3 – Then enter the information regarding the Seller and the Buyer
- Seller’s Full Name
- Buyer’s Full Name
Step 4 – Next you are required to provide the Sale and Purchase Details –
- Price consideration of the Vehicle (numerically, in dollars)
- If the vehicle is a gift, then you are required to check the box and mention the relationship between the gifter and giftee (e.g. parent, spouse, friend).
Step 5 – Any legal document is not valid without the signature of both parties. So both parties i.e. the buyer and seller must sign the document with the date to make the contract official.
Step 6 – Both parties hold one copy of the document. Thus you need to prepare two such documents.
Sample of Alaska Bill of Sale Form
The Alaska Bill of sale can be downloaded in pdf to help you draft the bill easily. The vehicle bill of sale is available on the website with the DVM forms or Alaska DVM bill of sale. If the information is genuine, then it is easy to get a vehicle registered as well as transferred.
A Printable Bill of sale form is available which can be printed and filed with the registrar. The Bill of sale format is similar for the transfer of any kind of property, the only requirement of additional information in the case of motor vehicles, boats, and manufactured houses. The proper document will help in the further transfer of title if required.
For more information go to State of Alaska – Department of Administration, Division of Motor Vehicles
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