Bill of Sale Requirements in Oregon
When buying or selling a vehicle in Oregon, a bill of sale is among the most important documents used as a record of the transaction, and for proper title and registration. The seller (owner/owners) should sign the back of the title over to the buyer, and can choose to use a bill of sale in the transaction also.
The Oregon DMV must be notified of a vehicle sale within 10 business days, according to the law. The information is noted on the vehicle record. However, the name on other DMV records does not change until submission of a title transfer.
Note that if there is a lien on the vehicle, the lien holder (usually the lender) is the legal owner, and you cannot sell the vehicle until you have satisfied the loan and they provide you with the title and a release of interest.
Buyers and Sellers Information
A bill of sale should also include the following information:
- Printed names and addresses of both buyer and seller
- Date of purchase
- Vehicle make, model, and year
- License plate number
- Vehicle Identification Number (VIN)
The buyer must apply for a title within 30 days of the sale, or face a late title transfer fee of $25. If the buyer does not apply for a new title within 60 days of the sale, the late title transfer fee is $50.
Generic Bill of Sale
If you have trouble downloading the Oregon Bill of Sale form, we provide links to generic forms from our sponsors.