The Hawaii Bill of Sale Form CS-L(MVR)40 is a legal document used to record the sale of a motor vehicle in the state of Hawaii. It serves as proof of ownership transfer from the seller to the buyer and is required by the Hawaii Department of Transportation (DOT) for registration and titling purposes. Here are the steps to complete the Hawaii Bill of Sale form CS-L(MVR)40:
Step 1: Obtain the Form
You can download the form from the Hawaii DOT website or get a hard copy from the local DMV office.
Step 2: Identify the Seller and Buyer
At the top of the form, fill out your full legal name, address, and phone number, as well as the same information for the buyer.
Step 3: Provide Vehicle Details
In the next section, provide the make, model, year, and vehicle identification number (VIN) of the motor vehicle being sold.
Step 4: State the Sale Price
Record the sale price of the vehicle in both words and numbers in the appropriate section.
Step 5: Indicate the Payment Method
Specify the method of payment, whether it is cash, check, or another form of payment.
Step 6: Sign the Document
Both you, the seller, and the buyer must sign the bill of sale form, indicating your agreement to the sale terms.
Step 7: Obtain Notary Public Acknowledgement
It is recommended that the signatures on the bill of sale form be notarized to avoid any legal disputes in the future. However, notarization is not mandatory in Hawaii.
Step 8: Keep Copies
Make copies of the completed bill of sale form for both yourself and the buyer.
Remember that the Hawaii Bill of Sale form CS-L(MVR)40 is a legal document that serves as proof of ownership transfer from you to the buyer. You should provide the original copy to the buyer and keep a copy for your records. The buyer will need to present the bill of sale form when registering the vehicle with the Hawaii DOT.
It’s important to note that the Hawaii Bill of Sale Form CS-L(MVR)40 does not guarantee the validity of the title or other ownership documents, so it’s recommended that the buyer obtain a vehicle history report and check the title status before purchasing a used vehicle. By completing the bill of sale form correctly, you can help ensure a smooth and legal transfer of ownership.