Oklahoma Vehicle Bill of Sale and Promissory Note
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
Used for the sale of a vehicle like a car, van, truck, trailer or motorcycle with installment payments. It offers the option to sell the vehicle "as is" or with a warranty.
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The Automobile/Vehicle Bill of Sale form in this packet is designed to document the terms and conditions of the transaction and to protect the rights of both the seller and buyer. This legal form is also helpful for accounting and tax purposes and includes the make, model, year, mileage, and vehicle identification number (VIN) of the vehicle. The buyer can use an Automobile/ Vehicle bill of sale form to help prove ownership of the vehicle.
An Odometer Disclosure Statement is also included in this packet since federal law provides that the seller reveal the mileage upon transfer of ownership.
This Vehicle Bill of Sale form also allows the option to sell the vehicle โas isโ or with some type of express warranty.
The Promissory Note for Purchase of Vehicle that is also part of this packet, is useful to protects the seller and to avoid possible problems in the future, and permits payment in monthly installments.
This Automobile/Vehicle Bill of Sale and Promissory Note packet also include simple instructions that guide you through each provision making it simple to easily understand the terms of your legal document.
These Important provisions are included in this Oklahoma Automobile / Vehicle Bill of Sale and Promissory Note:
- Consideration paid: This provision indicates the sum paid for the vehicle and also can be used by the buyer to prove that valuable consideration was paid for the vehicle;
- Name and Address of Seller and Buyer : Identifies and locates the parties to this sale in case of a dispute;
- Make/ Model/ Year/ Mileage/ Vehicle identification number:Identifies the vehicle being sold;
- Covenant of Ownership: Seller warrants that he/she is the true owner of vehicle and has the right to sell the vehicle;
- Encumbrance Covenant: Seller warrants that the vehicle is free from any lien, security interest or other encumbrance;
- Defend Covenant: Seller will defend vehicle against any claims or demands.;
- Optional AS-IS Clause: Seller is not making any implied or express warranties as to the condition of the vehicle;
- Promissory Note: Documents the terms and conditions for the Promissory Note, including amount, payments, interest rate and vehicle information;
- Odometer Disclosure Statement: Under Federal Law, the seller must disclose the mileage upon transfer of ownership;
Protect Yourself, Your Rights, and Your Property, with our up-to-date forms.
This packet prepared by lawyers contains:
- Step by Step Instructions, easy to use checklist, and important facts for the Oklahoma Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
Oklahoma Vehicle Bill of Sale and Promissory Note
Product Details
| Product | Oklahoma Vehicle Bill of Sale and Promissory Note |
| Country | United States |
| Pages | 7 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Vehicle Bill of Sale and Promissory Note |
| Product number | #17150 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
The Oklahoma Vehicle Bill of Sale includes essential details such as the buyer and seller's names and addresses, vehicle make, model, year, mileage, VIN, and the terms of sale including any warranties or 'as is' conditions.
While notarization is not required for the Bill of Sale in Oklahoma, having it notarized can provide additional legal protection and verification of the transaction.
If the buyer defaults on the Promissory Note, the seller has the right to take legal action to recover the owed amount or reclaim the vehicle, depending on the terms outlined in the note.
You can sell a vehicle with a lien, but you must disclose this to the buyer. The lien must be satisfied before the title can be transferred to the new owner.
Yes, federal law requires the seller to provide an Odometer Disclosure Statement to disclose the vehicle's mileage at the time of sale, protecting against odometer fraud.
Is This Form Right For You?
Use This Form If:
- Individuals who are selling their vehicle and wish to receive payments over time can utilize this form to formalize the sale and ensure both parties understand the payment terms. This protects the seller's interests while providing the buyer with a clear understanding of their obligations.
- Situations requiring documentation of vehicle ownership transfer, such as when a buyer needs proof of purchase for registration or insurance purposes, can benefit from this Bill of Sale. This form serves as a legal record that can be referenced in case of disputes or claims.
- For those engaging in a private sale of a vehicle, this form is essential to outline the specifics of the sale, including any warranties or 'as is' conditions. It helps clarify the responsibilities of both parties and establishes a mutual agreement on the vehicle's condition.
- Buyers looking to finance their vehicle purchase through a promissory note will find this document invaluable. It lays out the payment structure, interest rates, and other pertinent details, ensuring that both parties are aligned on the financial aspects of the transaction.
- Sellers who want to comply with federal laws regarding odometer disclosures must use this form to document the vehicle's mileage at the time of sale. This protects both the seller from future liability and the buyer from potential fraud.
Do Not Use If:
- โ This form is not appropriate for vehicles that are being sold for parts only, as it does not cover the necessary disclosures for non-operational vehicles. In such cases, a different type of agreement may be more suitable.
- โ If the vehicle has significant liens or encumbrances that have not been resolved, using this form could lead to legal complications. It is essential to clear any liens before proceeding with the sale.
- โ In situations where the seller is not the legal owner of the vehicle, this form should not be used. Only the legal owner can sell the vehicle and provide the necessary warranties and disclosures.
- โ This form is not suitable for transactions involving commercial vehicles or businesses, as additional legal requirements and documentation may be necessary to comply with state and federal regulations.
- โ If the buyer and seller are not in agreement on the terms of the sale, using this form could lead to misunderstandings. It is crucial to ensure both parties fully understand and agree to the terms before completing the sale.
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Save Money by getting our popular Vehicle Bills of Sale forms together in one convenient packet
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