Bill of Sale Alaska
The level of trust you have for your friend or neighbor notwithstanding, you need to document every sale or purchase of a property. The document legally recognized to document the sale or the purchase is a bill of sale, also called a BOS or proof of purchase.
Still not sold on bill of sale? Well, here’s a perfect example of the importance of the document: say you sell a car to your sibling, and it later turns out that the car gets involved in a criminal activity and the police question or even detain you, the BOS will be a crucial document used to determine that the car’s ownership transferred to another in the past.
Even though the document isn’t necessary for all transactions involving the transfer of personal property, it’s vital when you need to prove that you transferred the rights to possess an item or that you received the rights to possess the property. Often, the proof of sale document will protect your interests in a named property, while keeping the records straight. The BOS is legally binding.
This brings us to the kinds of bill of sale documents in the state of Alaska and the bill of sale form in Alaska. Note that the forms vary depending on the type of BOS you need. The most common bill of sale in Alaska includes the ones for the sale of vehicles, firearms, snow machines (ATVs), and the general bill of sale.
General Bill of Sale
A general BOS refers to the document that proofs the purchase of different kinds of personal property. You could fill out a general Alaska bill of sale form to facilitate the sale of furniture, livestock, a bunny, a dog, an old TV, or even that old laptop.
While the document isn’t specific to any property, it’s only valid if it contains a detailed description of the personal property sold. In the description of the item, you have to include the model number or the serial number if present. The color, size, texture and the shape could also be in the description of the item.
And, that’s not all: with the general bill of sale, you have to include the selling price or give the details of the trade involved in the transfer of ownership of the property. Other essentials of the general BOS include:”
Selling price indicated in dollars.
Date the BOS is created
Date the payment is to be accepted – note that this is essential especially if the buyer intends to pay for the item on a later date.
Any other information deemed necessary for the sale
Don’t forget that if you’re giving the buyer the item as a gift, you should mention this in the BOS.
Alaska Motor Vehicle Bill of Sale
This refers to the legal document which proves the sale or the transfer of a vehicle between an individual and an entity or two individuals. By signing the document, the motor vehicle BOS will protect both parties.
While the Division of Motor Vehicles (DMV) in Alaska doesn’t require that a BOS is prepared for the sale or the purchase of motor vehicles in the Last Frontier state – the seller has to transfer the vehicle’s title to the buyer, the BOS is invaluable.
Relevant information in the motor vehicle BOS include the conditions of the trade or the sale. In the state of Alaska, when a BOS is used, this document is a requirement by the DMV to be used as part of the documentation necessary for the registration of the vehicle in mint condition, used state and whether it’s operable or even inoperable.
An odometer disclosure statement is also necessary for the registration and the transfer of the vehicle.
Elements of the motor vehicle BOS
Buyer’s and seller’s information: name, driver’s license registration number, physical address, city, and the state.
Vehicle’s description: make/ model/ type, vehicle’s color, year of the vehicle, VIN (vehicle identification number), and odometer reading. The description will also include information on whether the title is included as part of the sale or not.
Purchase/ Trade price: here, the seller will accept money from the buyer as agreed. It also has details of the date of the BOS or the future date by which the purchase amount should be paid. It may also have details of any specific price negotiations and any other conditions for the transaction.
Once you have all this information in your bill of sale form, you should make your copy and issue the buyer with the original document for registration purposes.
Alaska Snowmachine / ATV BOS
In a state where snow is the norm, you may have more ATVs than you need or you may want to sell the old one and buy a new one. Either way, the state requires that the snowmachines and the ATVs are registered not later than 15 days after their purchase.
Necessary information in the BOS include the details of the buyer and the seller, the vehicle’s decal number, the serial number or the VIN, year, make, color, the body style of the snowmachine, and the date the sale is completed.
To finalize the ATV’s or the snowmachine’s registration, the state of Alaska requires you to get a copy of equipment’s warranty card or the purchase order from the dealer. The BOS is essential in the registration process as is the application for the registration and title, as well as the registration fee.
So, which BOS meets your needs? Whatever you’re trading in, buying or selling, our bill of sale forms available online are accessible to everyone in Alaska.