Promissory Note in Connection with Sale of Vehicle or Automobile - Oklahoma 2025

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Here are the documents you must bring when registering your vehicle for the first time in Oklahoma: Proof of minimum liability insurance. A completed Application for Oklahoma Certificate of Title (Form 701-6) signed in front of a notary. A completed bill of sale (or declaration of purchase price)
For motor vehicles or boats, its mandatory to present a copy of the bill of sale to the Oklahoma Tax Commissions Motor Vehicle Division in order to transfer the title. As both the buyer and the seller also need a copy, three total copies are needed.
In Oklahoma, a car title must be notarized. If the title document is not notarized, you might void your title. Also, youll need to complete an application for a duplicate title.
You can think of this document as a legally binding IOU. It acts as a certification that the buyer bought the car and promises to eventually pay for it in full. As a car seller, using a promissory note protects you by ensuring you receive payment. If the buyer defaults, this document lets you pursue legal recourse.
Selling a car with just a bill of sale is possible, but there are important considerations: Title Transfer: In most states, you need to transfer the vehicle title to the buyer. A bill of sale alone is typically not sufficient for legal ownership transfer.
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What paperwork do I need to privately sell a car in Oklahoma? Current maintenance and vehicle records. A Declaration of Vehicle Purchase Price Form 722-1. An Odometer Disclosure Statement Form 729 (if applicable) The vehicles original certificate of title or completed application for replacement certificate title.
A simple car promissory note should contain the following information: Both the buyers and the sellers names and addresses. The manufacturer, model, year, and vehicle identification number of the automobile (VIN) Loan terms, including loan amount, interest rate, and payment schedule.

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