Fillable Form Montana Automobile Bill of Sale (Sold "As Is" w/o Warranty)

What is a Montana Automobile Bill of Sale?

A Montana Automobile Bill of Sale is a legal document that serves as evidence of the transfer of ownership or application for a replacement title for a motor vehicle in Montana. Vehicle registration forms are crucial for both the buyer and the seller as they provide documentation of the transaction and protect the rights and interests of both parties involved.

A Bill of Sale for Vehicle Montana is applicable not only to automobiles but also to other types of personal property, such as boats or trailers. It is one of the Montana Bill of Sale forms that must be completed accurately and signed by two or more persons - at minimum, both the buyer and the seller must file this form following the legal sale of a vehicle.

In addition to facilitating the transfer of ownership, a Montana Automobile Bill of Sale is required for various purposes, including vehicle registration and obtaining a new title. When completing the Bill of Sale, it is important to provide accurate and detailed information about the vehicle, including the make, model, year, vehicle identification number (VIN), and purchase price.

To ensure a legally binding and valid sale, the Montana motor vehicle bill of sale may require notarization. It is advisable to consult the local county treasurer's office or seek legal guidance to understand the specific requirements for the transaction.

Although a free Montana bill of sale template can be found online, it is crucial to use a legally approved document that complies with Montana laws and regulations. In some cases, certified translations may be required if the parties involved do not understand English or if they prefer to use a different language. It is important to work with approved translators to ensure accuracy and compliance with the law.

A Montana Automobile Bill of Sale protects both the buyer and the seller by documenting the details of the transaction, including the purchase price and any warranties or disclosures. It is important to keep a copy of the Bill of Sale for future reference, as it may be required for vehicle registration, insurance, or other transactions related to the vehicle.

How do I fill out a Montana Automobile Bill of Sale?

A fillable template for an Montana Automobile Bill of Sale can be found here.

Seller’s Information

Enter the seller’s full name and the city and county of Montana they reside in.

Promissory Installation Note

Enter the amount indicated on the promissory installation note and/or the amount paid as the down payment for the vehicle.

Buyer’s Information

Enter the buyer’s full name and the city and county of Montana that they reside or operate in.

Vehicle Location

Enter the county of Montana that the vehicle is located at.

Vehicle Details

Enter the following details about the vehicle:

• Make
• Model
• Body Type
• Year
• Vehicle Identification Number (VIN)

Warranty of Ownership

This section contains information about the warranty/ies associated with this transaction.

Disclaimer of all Other Warranties

This section states that the above warranties are the only ones that the buyer is accepting.

Additional Terms

Enter any additional terms of sale, or any additional details that need to be kept clear, such as emissions test results or any particular details about the vehicle manufacturer's certificate.

Signatures

Have the seller and the buyer sign the form and enter their names in the spaces provided.

County - Notary

Enter the county in which this form is being notarized.

Date Sworn

Enter the date that the form was sworn before the notary.

Notary Public

Enter the name of the notary, and have them stamp or sign the form in the space provided. Then enter the date that the notary’s commission expires.

Odometer Disclosure Statement

Name of Seller

Enter the name of the seller.

Odometer Reading

Enter the odometer reading of the vehicle. Then mark the line that indicates whether or not the odometer reading is the actual mileage of the vehicle.

Odometer Discrepancy

Enter the following details about the vehicle, if there are any discrepancies between them and the odometer:

• Make
• Model
• Body Type
• Year
• Vehicle Identification Number (VIN)

Buyer and Seller’s Details

Enter the following details about the buyer and the seller in the spaces provided:

• Full Name
• Address
• City
• State
• ZIP Code
• Signature

Acknowledgment

County

Enter the county that this form is being acknowledged in.

Date Sworn

Enter the date that the form was sworn and subscribed before the notary.

Notary Public

Enter the name of the notary, and have them stamp or sign the form in the space provided. Then enter the date that the notary’s commission expires.

Promissory Installment Note

County

Enter the county that this note is being made in.

Recitations

Enter the following information for the recitations:

• Date
• Borrower/Buyer’s Name
• Borrower/Buyer’s Address
• Payee/Seller’s Name
• Place for Payment
• Principal Amount
• Term
• Monthly Payments

Vehicle Details

Enter the following details about the vehicle:

• Make
• Model
• Body Type
• Year
• Vehicle Identification Number (VIN)

Transfer of Title

Mark the relevant line to indicate if the title to the vehicle will be retained by the seller, or if it will be transferred to the buyer. If the title will be transferred to the buyer, the security agreement form must be signed by the buyer.

Interest Rate

Mark the relevant line to indicate if the annual interest rate will be the maximum amount permitted by the laws of the State of Montana, or if it will be set at a particular rate and will not be accrued on matured and unpaid amounts. If the latter is marked, enter the specific rate of interest.

Payment Terms

Enter the amount in equal monthly payments that must be made, as well as the principal amount that must be paid. Then enter the month and year that the first payment will be due.

Borrower’s Prepayment Right

This section contains details on the borrower's right to prepay this note in whole or in part.

Place for Payment

This section states that the borrower promises to pay the order of the payee at the designated place for payment and according to the terms for payment.

Default and Acceleration Clause

This section contains details on the default and acceleration clauses of the agreement.

Interest on Past Due Installments and Charges

This section contains details on all past due installments and charges.

Interest

This section contains details on the interest that will be applied to this form.

Form of Payment

This section provides details on the acceptable forms of payment.

Attorney’s Fees

This section states that in the event that this note is given to the military or law enforcement, the borrower will be the one to pay for all costs of collection and investment.

Severability

This section states that if any part of this agreement becomes unenforceable or invalid, it will not affect the validity of any other part of this agreement.

Binding Effect

This section states that this agreement will be binding for all parties involved as well as their heirs, legal representatives, and assigns.

Descriptive Headings

This section states that the headings used in this form are for convenience of reference only.

Construction

This section states that all pronouns used in this form will include either or both genders, singular or plural.

Governing Law

This section states that this form will be governed by the state of Montana.

Execution

Enter the date that this form was executed.

Signatures

Have the payee/seller and the borrower/buyer sign the form in the spaces provided and enter their names.

Buyer and Seller Details

Enter the following details about the buyer and the seller in the spaces provided:

• Full Name
• Address
• City
• State
• ZIP Code
• Signature

Security Agreement

Date and Names of Parties Involved

Enter the date that this security agreement was made, then enter the name of the debtor and the secured party.

Security Interest

Enter the following details about the vehicle that the security interest will be applied to:

• Make
• Model
• Body Type
• Year
• Vehicle Identification Number (VIN)

Covenants

This section states that the debtor will retain and maintain insurance at all times with respect to all collateral damage.

Default

This section contains details on what would cause a bill to be considered to be in default.

Debtor’s Name and Signature

Enter the name and signature of the debtor in the spaces provided. Then enter the date that the form was signed.

Frequently Asked Questions (FAQs)

Does Montana require a notarized Bill of Sale?

Not always, but notarization may be required for certain situations.

What’s the significance of the VIN in the Bill of Sale?

The VIN identifies the specific vehicle being sold.

Is an odometer disclosure required?

Yes, federal and state laws require it for vehicles under 10 years old.

Can you sell a vehicle “as-is” in Montana?

Yes, an “as-is” clause means the seller makes no warranties about the vehicle’s condition.

How do you handle gift transactions in a Bill of Sale?

Indicate $0 or “gift” as the sale price and follow Montana DMV requirements.

What if the seller doesn’t provide a Bill of Sale?

The buyer should draft one and request the seller’s signature to complete the transfer.

What happens if information on the Bill of Sale is incorrect?

Both parties may need to amend and re-sign the document.

Does a Bill of Sale include tax details?

No, sales tax is handled during the registration process at the DMV.

Who keeps the original Bill of Sale?

The buyer and seller should both keep copies for their records.

How soon should the vehicle be registered after purchase?

Montana requires registration within 60 days of purchase.

Can you sell a vehicle without a title in Montana?

No, you need a title to accompany the Bill of Sale for legal transfer.

What if the buyer is out of state?

The Bill of Sale is still valid, but registration requirements depend on the buyer’s state.

Should payment details be included?

Yes, include the amount and form of payment to avoid disputes.

How do you verify the vehicle's condition before sale?

The buyer should conduct an inspection and potentially get a mechanic's evaluation.

What does “title assignment” mean?

It’s the section of the vehicle title that the seller completes to transfer ownership.