An Iowa motor vehicle bill of sale is a form that serves as evidence of a sale between a private owner and a buyer. While it may be required in the transfer of the vehicle’s title, it isn’t a necessary component of the registration process and is generally drafted if the buyer wants documentation of the transfer of ownership or the seller would like a sales receipt. The bill of sale will accompany a completed odometer statement, a certificate of title, and a damage disclosure statement following the transaction between buyer and seller. Contained within the form is the language and space necessary to notarize the signatures of both parties.
Iowa Vehicle Registration
Vehicle registration in Iowa must take place within thirty (30) days of the purchase date. The Iowa Department of Transportation requires a valid Iowa driver’s license at the time of registration. A new owner of a vehicle will be required to carry out the following:
- Obtain the below documents from the previous owner.
- Signed Certificate of Title
- Odometer Statement
- Bill of Sale or Purchase Agreement
- Damage Disclosure Statement
- Complete the Application for Certificate of Title and/or Registration.
- Locate the local country treasurer’s office.
- Present driver’s license and above-mentioned documents.
- Title the new vehicle under their name.
- Pay registration fees.
- Wait to receive plates, stickers, and registration in the mail.