Vehicle Bill of Sale Template

The bill of sale for a motor vehicle in the state of Ohio is a legal document that serves as proof of the legitimate purchase of a motor vehicle in that state. This form provides vital details on the new owner, the previous owner, the vehicle, and the transfer of ownership. As a form of ownership verification, it is frequently requested at the time of registration.

The initial step involves the preparation of all official documents.

In order to effectuate a transfer of ownership, it is necessary to possess the following prerequisites:

In the event of encumbrance of the unit, the release of chattel mortgage is required.

Promissory notes are legally binding documents that contain a written promise to pay a specific amount of money to a designated party at a predetermined time or on demand.

The documentation required for compliance with emissions standards includes a Certificate of Emission Compliance for Passed Testing. Additionally, a Third-Party Liability (TPL) Insurance Certificate of Cover (COC) must be obtained in the name of the new owner, which in this case would be yourself. Please duplicate these documents for the subsequent stage. It should be noted that the process of obtaining the necessary documents for a car purchased from a bank typically takes approximately one month.
Proceed to the Registry of Deeds as the second step. Proceed to the closest Registry of Deeds to initiate the termination of the chattel mortgage. For instance, the act of cancelling the chattel of mortgage serves as evidence that the vehicle is no longer encumbered by a mortgage. Please make copies of the previously mentioned documents. Kindly provide the requisite documentation and remit the applicable processing charge. The amount in question varies, but for our purposes, it is P800. A receipt will be provided to you, which you will subsequently present to the Land Transportation Office (LTO).

One should proceed to the Land Transportation Office (LTO) branch where the vehicle was originally registered in order to obtain a new certificate of registration in their name. In the event that the registration branch of the vehicle is geographically distant, it is permissible to select any branch for registration purposes. However, it should be noted that an additional step will be required at a later stage.

Produce the subsequent records:

· The proper stamping of a Chattel Mortgage cancellation by the Registry of Deeds.
· The initial certificate of registration issued by the Land Transportation Office (LTO).
· Please remit the required fees to settle your encumbrance with the Land Transportation Office (LTO).
The fourth step entails proceeding to the Records Section of the Land Transportation Office (LTO) where the car registration is intended to be completed.
 
Please proceed to the records section of the Land Transportation Office (LTO) with photocopies of your newly acquired Official Receipt (O.R.) and Certificate of Registration (C.R.). It is now the appropriate moment to obtain authorization and receive a memorandum. The retrieval of this information may require a certain amount of time, kindly await its release in the designated records section. However, individuals who did not complete the aforementioned task are required to undertake an additional step. The fifth step entails concluding the transfer of title.