Oklahoma Personal Property Bill of Sale

An Oklahoma bill of sale is a legal document used to transfer ownership of a valuable item from one person to another, based on the specific state laws of Oklahoma (OK). The item can be any kind of personal property that is bought or exchanged for money, or traded for another item of value.

On a bill of sale document, the person receiving the item is referred to as the buyer, and the person giving up the item is referred to as the seller.

Much like a retail receipt, a bill of sale proves that a transaction took place, and documents the legal transfer of ownership. You should use a bill of sale in Oklahoma if you’re buying or selling a car (or any type of vehicle), a boat, a gun/firearm, a motorcycle, or a horse.

Common Uses of an Oklahoma Bill of Sale

Oklahoma bills of sale are most commonly used for buying and selling motor vehicles. Other personal property of value such as boats, guns, horses, laptops, furniture, jewelry, and equipment are also frequently bought and sold using bills of sale.

This form protects both the buyer and seller in the event that there is a problem after the sale.

Because bill of sale laws vary across the US, you need to use the form specific to Oklahoma if you’re buying or selling a valuable item in the Sooner State.

How to Write an Oklahoma Bill of Sale

Once the terms of the transaction have been agreed by both parties, the buyer and seller should complete a bill of sale form. If the item being sold or exchanged is not a car, boat, firearm, or horse, a general Oklahoma bill of sale can be filled out by including the following:

Seller and Buyer Information

The buyer and seller need to provide their respective contact details, including their full names, addresses (including cities, states, and ZIP codes), telephone numbers, and email addresses.

Item Information and Price

This section may vary depending on the type of item involved in the transaction, but you’ll always need to write the agreed-upon sale price and describe the item’s condition. Noting any faults or damage will help you avoid disputes later.

You’ll also want to include details that could help identify the unique item being sold. Such information may include:

Oklahoma bill of sale forms explain the details about sales of private property between two individuals or entities. Both individuals or entities are required to sign the document for it to be legally binding. The forms can be used for virtually any type of property owned by a private individual or entity.