Below is a fictional example showing what a completed suv bill of sale looks like for Gresham, Utah:
Seller
Jane Gresham
Buyer
Michael Gresham
Vehicle
2019 SUV
VIN
1HGBH41JXMN109186
Mileage
45,230 miles
Sale Price
$12,500.00
Date
April 8, 2026
Condition
As-Is, No Warranty
Key Sections Explained
VIN (Vehicle Identification Number)
The unique 17-character code assigned to every motor vehicle. Always verify this matches the title and the plate on the dashboard.
Odometer Disclosure
Federal law requires the seller to certify the mileage reading. Tampering with an odometer is a federal crime.
As-Is Clause
States the vehicle is sold without warranty. The buyer accepts all risk for future repairs unless otherwise noted.
Signatures & Date
Both parties must sign and date the document. Some states require signatures to be witnessed or notarized.
This is a sample only
Replace all names, vehicle details, and prices with your actual transaction information. Use our generator to create a legally compliant document for your real sale.
Lease buyout — What You Need to Know
The lessee purchases the leased vehicle at the end of or during a lease term. The leasing company (lessor) transfers the title to the buyer and a bill of sale documents the purchase price, residual value, and payoff terms.
Seller guidance
As the lessor (leasing company or financial institution), you must provide a clean title or title assignment once the buyout is complete and all fees are settled. The buyout price is typically the residual value stated in the lease agreement plus applicable purchase fees and sales tax. Provide the lessee a written purchase agreement or bill of sale confirming the purchase price, odometer reading, and VIN.
Buyer guidance
Your lease agreement states the residual value — the guaranteed buyout price. Compare this to current market value (Kelley Blue Book, Edmunds) before proceeding. You will owe sales tax on the purchase price at time of registration. Check whether your state allows you to take the title directly or whether it must route through a dealer. Some states (e.g., Texas) require lease buyouts to go through a licensed dealer.
Legal note
Lease buyouts are governed by the original lease agreement and applicable state motor vehicle laws. The Consumer Leasing Act (15 U.S.C. § 1667) and Federal Reserve Regulation M (12 CFR Part 213) require lessors to disclose buyout rights and residual values at lease origination. Some states impose dealer-only rules on buyout transactions (TX Transportation Code § 503.001). Sales tax applies in most states on the full purchase price or residual value.
Lease buyout checklist
Obtain the payoff/residual amount in writing from the leasing company
Compare residual value to current fair market value before committing
Confirm whether your state requires the buyout to be completed through a dealer
Arrange financing or cash payoff — confirm payoff wire instructions with lessor
Receive clean title assignment and bill of sale from the leasing company
Register the vehicle and pay applicable sales tax within your state deadline
SUV Safety & Recall Information
Data sourced from NHTSA safety ratings and recall databases
Average Safety Rating
4.3 / 5
Avg. Price Range
$8,000–$45,000
Odometer Disclosure
Required
Safety checkpoints for suv buyers
Verify AWD/4WD system operation — transfer case and differential fluid should be serviced per schedule
Check for Takata airbag recall status (SUVs were heavily affected)
Inspect suspension components for wear — SUVs carry more weight than sedans
Test third-row seating mechanisms and latches if equipped
Verify roof-rack mounting points and crossbar attachment integrity
Confirm tire-pressure monitoring system warns correctly
Test rollover sensor function (lift-gate test where applicable)
Inspect side curtain airbag deployment paths are unobstructed
Common recall categories
AirbagsPower TrainElectricalFuel SystemBrakes
On average, each suv model has approximately 3.4 recalls. Always check your specific vehicle at NHTSA.gov/recalls before completing a sale.
Utah Tax & Fee Summary
State Sales Tax Rate
6.1%
Title Transfer Fee
$6
Private Party Exempt
No
6.1% state plus local taxes (total up to ~8.5%)
Sales tax applies to private party vehicle purchases
Before signing your lease buyout bill of sale in Gresham, run a NHTSA recall check on the specific year and model. Recent-model suvs with the most open recalls:
Model + year
NHTSA recalls
Top categories
2020 Ford Explorer
31
Back Over Prevention, Power Train, Seat Belts
2021 Ford Explorer
24
Back Over Prevention, Power Train, Engine
2022 Ford Explorer
23
Back Over Prevention, Power Train, Fuel System
2020 Ford Escape
23
Electrical System, Power Train, Back Over Prevention
2022 Ford Bronco
20
Back Over Prevention, Power Train, Equipment
Run a NHTSA VIN lookup at nhtsa.gov/recalls before purchase — open recalls are the seller’s responsibility to disclose under federal law, and unresolved campaigns are a routine negotiating point on the lease buyout sale price.
Gresham Lease buyout suv example — when to file
Utah requires title transfer within 30 days of the sale date on the bill of sale. For lease buyout transactions specifically, file at Utah DMV – Gresham (Visit https://dmv.utah.gov to find the nearest Gresham office) during normal hours: Mon–Fri 8:00 AM–5:00 PM (verify hours with local office). Miss the 30-day window and Utah typically charges a late-transfer penalty plus accrued use tax, and the seller can remain on the title for civil liability until the buyer completes retitling. Bring the signed title, the completed Gresham bill of sale, your government-issued ID, and payment for the $6.00 title transfer fee plus 6.1% sales tax on the purchase price.
Example reminder. Whether you keep your example as a reference example, both buyer and seller should leave the signing with an identical executed copy. The buyer needs the original to present at Utah DMV – Gresham; the seller keeps a duplicate to prove the date of transfer if a future liability question arises before the title fully retitles.
Frequently asked questions
What lease buyout documents do I need for a suv sale in Gresham, Utah?
For a lease buyout suv transaction in Gresham, you need: Obtain the payoff/residual amount in writing from the leasing company; Compare residual value to current fair market value before committing; Confirm whether your state requires the buyout to be completed through a dealer; Arrange financing or cash payoff — confirm payoff wire instructions with lessor; Receive clean title assignment and bill of sale from the leasing company; Register the vehicle and pay applicable sales tax within your state deadline.
What is the sales tax on a suv private sale in Gresham, Utah?
The Utah state sales tax rate is 6.1%. 6.1% state plus local taxes (total up to ~8.5%). Sales tax applies to private party vehicle purchases
Do I need to notarize a suv bill of sale in Utah?
Check with your local Utah DMV office for notarization requirements. Requirements can vary by county.
What are common recalls for a suv?
Common recall categories for suvs include: Airbags, Power Train, Electrical, Fuel System, Brakes. On average, each suv model has approximately 3.4 recalls. Always check your specific vehicle at NHTSA.gov before completing a sale.
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