North Dakota Bill of Sale — Free Template & Generator
North Dakota charges a 5% motor vehicle excise tax on the purchase price, and its official Private Party Vehicle Bill of Sale warns that the price is checked: vehicles “are subject to excise tax based on the fair market value of the vehicle according to established standards and guides,” and if you sold below that value, you are asked to explain why. A false or fraudulent purchaser’s certificate is a Class B misdemeanor.
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- North Dakota pre-selected
How it works
- 01 North Dakota is already selected
The governing-law clause names the state; change it only if the sale happens elsewhere.
- 02 Enter the item and the parties
Vehicle, boat or general item — VIN and odometer, or HIN — plus price, payment method, seller and buyer.
- 03 Review clause by clause
The as-is terms, the seller’s title warranty and, for vehicles, the federal odometer statement.
- 04 Download, then file North Dakota’s paperwork
Word & PDF on your device; the state steps and forms are listed below, each cited to the source.
What North Dakota actually requires
North Dakota rules for a private sale
Last verified September 30, 2026- Excise tax 5% of the purchase price
NDCC §57-40.3-02: “There is hereby imposed an excise tax at the rate of five percent on the purchase price of any motor vehicle purchased or acquired either in or outside of the state.”
North Dakota Century Code, chapter 57-40.3 (Motor Vehicle Excise Tax)
- Fair market value Explain a price below it
SFN 62502: “Vehicles are subject to excise tax based on the fair market value of the vehicle according to established standards and guides,” and “If the selling price is below fair market value, provide detailed information regarding the vehicle condition or other circumstances which affect the selling price of the vehicle.”
NDDOT — SFN 62502, Private Party Vehicle Bill of Sale (4-2026)
- Gifts Valued at the average value of similar vehicles
Under NDCC chapter 57-40.3, “Purchase price” when a vehicle is acquired “by gift or by any other transfer for a nominal or no monetary consideration also includes the average value of similar motor vehicles, established by standards and guides as determined by the director of the department of transportation.” SFN 62502 has a checkbox to mark a gift and from whom.
- False statements Class B misdemeanor
SFN 62502: “PENALTY: The filing of false or fraudulent purchaser’s certificate is a Class B misdemeanor punishable by a fine of up to $1500.00 and/or thirty (30) days in jail (NDCC 57-40.3-11).” Seller and buyer each sign a declaration that the information is true and correct.
NDDOT — SFN 62502, Private Party Vehicle Bill of Sale (4-2026)
How this document fits North Dakota’s paperwork
Official form: SFN 62502 — Private Party Vehicle Bill of Sale (4-2026). VIN, year, make, model, date of sale and selling price; a gift checkbox (spouse, parent, grandparent, grandchild, child, sibling, other); trade value and trade VIN; seller and buyer legal names, driver’s license or FEIN, and signatures, with each side certifying the information is true.
Write the true price on the bill of sale: the 5% excise tax is charged on it, and NDDOT compares it with fair market value. If the price is low because of the vehicle’s condition, describe the condition in the “known defects” field — SFN 62502 asks for exactly that explanation. The generated document covers the price, date, vehicle and both parties; SFN 62502 is the state’s version with the gift and trade-in boxes and the penalty warning. Both of you sign.
FAQ
North Dakota bill of sale questions
- Is there an official bill of sale in North Dakota?
- Yes. NDDOT publishes SFN 62502, the Private Party Vehicle Bill of Sale, revised 4-2026. It records the vehicle, date and selling price, any gift or trade-in, and both parties’ legal names, IDs and signatures.
- How much is the excise tax on a used car in North Dakota?
- Five percent of the purchase price, under NDCC §57-40.3-02. NDDOT assesses it against the fair market value of the vehicle according to established guides, so a price well below that value needs an explanation on the bill of sale.
- What if I sold my car cheap because it needs work?
- Say so. SFN 62502 asks that, if the selling price is below fair market value, you provide detailed information about the vehicle’s condition or other circumstances affecting the price. A bill of sale that records the defects and the as-is terms supports that price.
- Is a gifted car taxed in North Dakota?
- For a gift or a transfer for nominal consideration, the Century Code’s definition of purchase price includes the average value of similar vehicles, as determined by the director of the department of transportation. SFN 62502 has a checkbox to record a gift and the relationship. Ask NDDOT whether an exemption applies to your transfer.
- What is the penalty for lying on a North Dakota bill of sale?
- Filing a false or fraudulent purchaser’s certificate is a Class B misdemeanor, punishable by a fine of up to $1,500 and/or 30 days in jail, according to SFN 62502, citing NDCC §57-40.3-11.
- Is this legal advice?
- No. Free Contract Generator provides self-help templates and general information, not legal advice, and no attorney-client relationship is created. Vehicle-transfer rules are set by each state and change; confirm the current rule with the agency cited and consult a licensed attorney for advice about your situation.