Paperwork Needed to Sell or Buy a Car in Oklahoma
Selling a car in Oklahoma requires several essential documents to ensure a smooth transaction. Below is a comprehensive list of the paperwork you'll need, along with some helpful links for additional information and resources.
1. Vehicle Title
The most important document when selling a car in Oklahoma is the vehicle title. The title must be signed by both the seller and the buyer, and it should be free of any liens. If the vehicle has a lien, ensure it's cleared before the sale.
2. Bill of Sale
While not always required, a Bill of Sale is a helpful document to protect both the seller and the buyer. It serves as a receipt for the transaction and records the sale price, vehicle details, and date of sale. The Oklahoma Tax Commission provides a standard Bill of Sale form.
3. Odometer Disclosure Statement
Federal law requires an Odometer Disclosure Statement for vehicles less than 10 years old. This statement records the vehicle’s mileage at the time of sale and must be signed by both parties.
4. Vehicle Registration
Although not required to transfer ownership, the seller should provide the buyer with the vehicle registration. This document can confirm the seller’s ownership and reassure the buyer that the car is legally registered in Oklahoma.
5. Lien Release (if applicable)
If there was ever a loan or lien on the vehicle, a lien release must be obtained from the lender before the sale. The Oklahoma Tax Commission will not allow the title to be transferred unless the lien is cleared.
6. Proof of Insurance
The seller should provide proof of insurance to show that the vehicle was insured during ownership. However, the buyer will need to acquire their own insurance upon purchase.
7. Notice of Transfer of Ownership
Within 30 days of selling your car, you are required to submit a Notice of Transfer of Ownership to the Oklahoma Tax Commission. This protects you from liability if the buyer incurs traffic tickets or other issues after the sale. You can do this online or in person.
Helpful Links
Oklahoma Tax Commission - Vehicle Transfer
Notice of Transfer of Ownership
