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Bill of sale in Lake Placid, Florida



Florida Bill of Sale

When selling or buying a vehicle, you must be familiarized with the paperwork you must go through when doing the transaction, there are a lot of forms you must complete correctly. This last couple of years left some evidence of the most common incidents when selling or buying a vehicle. There are a lot of intentional or unintentional mistakes that can lead you to fraud or theft. One simple mistake can lead you to lose money and waste your time trying to fix things up.

When buying or selling a car, the Florida Department of Highway Safety and Motor Vehicles (DHSMV) highly recommends that the owner and the new buyer protect themselves by filling up the Bill of Sale Document. Even though this paper is not legally required, and in any case it replaces the Title transfer, it is a very good choice to fill up the Bill of Sale to protect both parts of the transaction: The Buyer and the Seller.

The “Notice of Sale and/or Bill of Sale for a Motor Vehicle, Mobile Home, Off-Highway Vehicle or Vessel”, can be downloaded from the DHSMV site. This paper is a very good backup to avoid any future possible problems.

Purpose of the form

The Bill of Sale is beneficial for both parts, as it protects the Seller and the Buyer. This paper serves as a proof of the transaction made and the transfer of responsibilities form one part to the other one.

At the moment of the sale, it is necessary that the actual owner of the vehicle is the first one to fill up this paper and sign it, before the buyer.

To complete the form correctly, the seller must include the following information:

  • The Vehicle details.
  • The Certificate of title number.
  • The current kilometer of the vehicle.
  • The personal information of both parts.
  • The vehicle`s price of sale and the current date.

What are the Benefits for the Seller part?

The Bill of Sale protects the seller of the vehicle in case there is any infraction or new ticket once the vehicle is driven by the new owner. It is a proof of non responsibility over the vehicle.

Once the purchase is completed, you must notify the tax collector’s office (DMV Office), to inform them about the sale. Once the Florida Department of Highway Safety and Motor Vehicles is informed, they will proceed to cancel the registration of the vehicle under your name and keep the vehicle on hold until the buyer’s notification arrives. Once the new notification is received, they will register the vehicle under the buyers name.

Benefits for the Buyer of the Vehicle

The Bill of Sale also protects you as the buyer of the vehicle. After the purchase is completed and from that date forward. For example: if any infraction or old ticket of the vehicle arrives to you, but the date of those infractions are from the time you didn’t own the vehicle, the document will excuse you from the responsibility over those tickets. The Bill of Sale proves that the vehicle at that time was the responsibility of the previous owner.

When the transaction has been completed, the Buyer should notify the purchase to the tax collector’s office. After this, the Florida Department of Highway Safety and Motor Vehicles will cancel the registration of the vehicle under the Seller’s name and register the vehicle under the new owner’s name. Bear in mind that in this stage of the purchase it will be required to pay the sales tax. If the Vehicle Registration, under the new owner, takes more than 30 days after the sale, it will be a penalty fee due to the late transfer.



FL DMV offices in Lake Placid, Florida

11 N. Pine Ave., Creel Building


Driver License & Motor Vehicle Services


33852


(863) 402-6685

540 S. Commerce Ave.


Driver License & Motor Vehicle Services


33870


(863) 402-6685

116 E. Main St.


Driver License & Motor Vehicle Services


33825


(863) 402-6685

201 E. Oak St.


Driver License & Vehicle Services


34266


(863) 993-4861

115 E. Oak Street


Arcadia Clerk of the Court


34265


(863) 993-4876

307 NW 5th Avenue #B


Motor Vehicle Services


34972


(863) 763-3421

304 NW 2nd Street,, Room #107


Okeechobee Clerk of the Court Office


34972


(863) 763-2131

409 NW 2nd Avenue


Okeechobee Driver License & Motor Vehicle Office


34972


(863) 763-3421




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