The New Jersey motor vehicle bill of sale outlines for two parties the transaction details for a trade of a car for monetary funds (cash or check). Both items, the funds and the vehicle, should be exchanged on the date of sale along with the signing of the document. After the transaction is complete both parties are bound to the sale agreement.
The bill of sale is to include the following information:
Odometer Disclosure Statement (Form OS-OSS-2) is attached to the bill of sale. The disclosure is to be used for all vehicles under 10 years old and below sixteen-thousand pounds (16,000 lb.).