Oklahoma Vehicle Purchase Agreement
Notice to users of this form: There is no purchase and sale agreement or all-inclusive trust that applies to all transactions to purchase and sell residential properties. this residential purchase and contract sale form and trust instructions… The Oklahoma Tax Commission`s Motor Vehicle Department focuses on titling and registration of vehicles, boats, outboard engines, manufactured homes, travel trailers and commercial trailers. The division is located on 2501 Lincoln Boulevard in Oklahoma City. Car Service Phone number (405) 521-3221. If you are buying or selling a vehicle in the state of Oklahoma, you should write a sales form. The sales form records certain transaction details. The Oklahoma DMV does not provide a state-approved sales form, but you can download and print the sales form below. A sales invoice is the document that shows that a person sold a vehicle to another person – the possession has changed. It often includes: Oklahoma law provides that the automobile excise duty is based on the purchase price of a vehicle, without any trade-in adjustment and provided that the purchase price is within 20 percent (20%) the average retail value for this vehicle model. If the purchase price is not less than 20% of the average, a taxable value is assigned to the nearest acceptable price in the value range of this model.
In such cases, the taxable value may be higher or lower than the actual purchase price, depending on whether the price presented has exceeded the highest or lowest limits of the acceptable value for this model vehicle. Please note that no taxable depreciation of the condition (mileage, damage, etc.) of a particular vehicle is made. The Oklahoma Vehicle Bill of Sale is a legal document that will prove in writing the legal sale and purchase of a vehicle in the state of Oklahoma. The document contains the necessary information about the seller, buyer, change of owner and various identifiers regarding the vehicle for sale and purchase. This document may be required for vehicle registration. This form requires certification.