The seller must transfer the title to the buyer at the moment of signing the bill of sale. Titling and Registering Your Vehicle in Utah: A Complete GuideĪfter completing the purchase, you must bring the following documents to a local Department of Motor Vehicles to title and register a vehicle: See the official guide on taxes provided by the Utah government for detailed information. It’ll evaluate the vehicle and determine its “Fair Market Value,” which will become a basis for taxation. If the document doesn’t specify the vehicle’s purchase price, the tax will be determined by the Tax Commission. Although this form is quite simple to fill, it has a significant influence on a sales tax charged. Once the form is signed by both parties, the seller won’t be responsible should the vehicle be abandoned or involved in a crime.Ī Utah motor vehicle bill of sale doesn’t require notarization to obtain legal power. Signing the paper is important to signify relinquished legal liability over the asset. The document must include a comprehensive set of details about the vehicle being sold, including the purchase price and the date of transition. The Role of Bills of Sale in the Exchange of Motorized Vehicles in UtahĪccording to the official guide, a bill of sale is necessary to transfer ownership over a motorized vehicle.
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