An Iowa vehicle bill of sale is a personal property document that’s used during the transfer of ownership of a motor vehicle. It includes several key details related to the transaction, such as the buyer’s and seller’s information, purchase information, vehicle description, and odometer reading.
Common types of an Iowa vehicle bill of sale
General bill of sale
Covers the basic details of the vehicle transaction, including the odometer reading and VIN (vehicle identification number). It’s suitable for most private sales.
As-Is bill of sale
States that the vehicle is sold in its current condition, without any warranties or guarantees. It's often used in out-of-state transactions.
Conditional bill of sale
Includes specific conditions that must be met for the sale to be finalized, such as passing a vehicle inspection. It’s often used by private parties.
Gift bill of sale
Used when gifting a vehicle to someone, this document states that no money is exchanged for the transfer of ownership. It’s often considered as an application for a certificate of title.
Yes, you need a properly executed Iowa vehicle bill of sale form for all vehicle transactions in Iowa. According to the Iowa Code, it serves as proof of ownership transfer, protecting both the buyer and the seller from potential complications.
Frequently asked questions
Yes, you can create your own bill of sale document, but it's essential to include all necessary details accurately. Using our customizable bill of sale template ensures you don't miss any crucial information.
Yes, Iowa law requires you to have your vehicle bill of sale notarized by a notary public. This proves its authenticity to the county treasurer’s office.
The bill of sale should include the seller’s and buyer’s name, vehicle's make, model, year of the vehicle, VIN number, purchase price, date of sale, and both parties’ signatures.
No, they're different documents. The bill of sale records the sale transaction, while the vehicle title, or certificate of title, proves ownership.
Yes, you can use a similar vehicle bill of sale form for other vehicles, but make sure to include specific details related to the particular vehicle being sold.
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