BillOfSaleNow

Financed Purchase bill of sale — Beaverton, Oregon

Financed Purchase Payment Bill of Sale for Pickup Truck in Beaverton, OR

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for th… Complete your Beaverton pickup truck financed purchase transaction at the Oregon DMV – Beaverton Office.

BeavertonOregonPickup TruckFinanced Purchase

Financed Purchase Pickup Truck Sale in Beaverton

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for the buyer to purchase the vehicle. The lender holds a security interest (lien) in the vehicle until the loan is fully repaid.

In Beaverton, Oregon, the local office handling title transfers is the Oregon DMV – Beaverton Office at 3975 SW 114th Ave, Beaverton, OR 97005. The combined sales tax rate is 0.50%. Notarization is not required for a private vehicle bill of sale in this jurisdiction.

Payment documentation requirements

When a bank or credit union finances the purchase, they typically pay the seller directly and the buyer repays the lender in installments. If the seller is providing financing (seller carry-back), a separate promissory note should document the loan terms, interest rate, payment schedule, and default provisions in addition to the bill of sale.

How financed purchase affects title transfer

In financed transactions, the title is issued with the lender's name noted as lienholder. The buyer receives a copy of the title but the lender typically holds the original until the loan is paid off. Once the loan is satisfied, the lender releases the lien and the buyer receives a clean title.

Local DMV — Washington County

DMV / Title Office

Oregon DMV – Beaverton Office

Address

3975 SW 114th Ave, Beaverton, OR 97005

Phone

(503) 299-9999

Office Hours

Mon–Fri 8:00 AM–5:00 PM

Local Fees & Taxes

Title Transfer Fee

$77.00

Sales Tax Rate

0.50%

Base Registration Fee

$122.00

Oregon has no sales tax but charges a 0.5% vehicle privilege/use tax on new vehicles. No tax on used private-party sales.

Notarization: NOT REQUIRED

Oregon does not require notarization for private vehicle sales.

Beaverton Financed Purchase Transfer Checklist

  • The federal Truth in Lending Act (TILA / Regulation Z) requires disclosure of the APR, finance charge, amount financed, and total of payments.
  • The lienholder must be recorded on the title so the lender’s security interest is perfected.
  • Keep the signed retail installment contract or loan agreement together with the bill of sale.
  • Oregon applies No sales tax; 0.5% statewide transit tax on new vehicles on vehicle purchases, collected when the buyer registers the vehicle.
  • Oregon does not require notarization for a private-party bill of sale, though notarized signatures are more defensible.
  • Oregon does not mandate a specific bill of sale form; a complete written bill of sale is accepted.
  • An odometer disclosure is required on the Oregon title transfer.
  • Oregon requires an emissions or smog test before the buyer can register the vehicle.
  • No sales tax on used private-party vehicle sales in Oregon
  • Title transfer at an Oregon DMV office within 30 days
  • DEQ emissions test may be required depending on the county
  • Seller must sign the title assignment

Oregon forms and documents

  • TILA Disclosure Statement
  • Retail Installment Contract or Loan Agreement

Key facts for financed purchase transactions

  • Lienholder's name appears on title until loan is fully repaid
  • Seller financing requires a promissory note in addition to the bill of sale
  • Truth in Lending Act (TILA) disclosures required for seller financing
  • Existing liens on the vehicle must be cleared before title transfers
  • State usury laws cap the maximum interest rate in seller-financed deals

Important notice

If the vehicle still has an existing lien from the seller's own loan, that lien must be paid off and released before clear title can be transferred to the buyer. Never complete a financed purchase without confirming the title is free of prior liens.

Beaverton at a glance

Population

97,502

Median Household Income

$94,279

Ready to create your bill of sale?

Generate a Oregon pickup truck bill of sale with financed purchase payment terms — free, instant download.

Create Oregon Pickup Truck Bill of Sale

Frequently asked questions

How does a financed purchase pickup truck sale work in Beaverton?

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for the buyer to purchase the vehicle. The lender holds a security interest (lien) in the vehicle until the loan is fully repaid. Title transfers in Beaverton are handled at the Oregon DMV – Beaverton Office (3975 SW 114th Ave, Beaverton, OR 97005). When a bank or credit union finances the purchase, they typically pay the seller directly and the buyer repays the lender in installments. If the seller is providing financing (seller carry-back), a separate promissory note should document the loan terms, interest rate, payment schedule, and default provisions in addition to the bill of sale.

What is the sales tax on a financed purchase pickup truck purchase in Beaverton?

The combined sales tax rate in Beaverton is 0.50%. Oregon has no sales tax but charges a 0.5% vehicle privilege/use tax on new vehicles. No tax on used private-party sales.

How does financed purchase affect the title transfer process in Beaverton?

In financed transactions, the title is issued with the lender's name noted as lienholder. The buyer receives a copy of the title but the lender typically holds the original until the loan is paid off. Once the loan is satisfied, the lender releases the lien and the buyer receives a clean title. Bring the signed title and completed bill of sale to the Oregon DMV – Beaverton Office (3975 SW 114th Ave, Beaverton, OR 97005) with payment for the $77.00 title transfer fee.

Is notarization required for a financed purchase pickup truck bill of sale in Beaverton?

No. Oregon does not require notarization for private vehicle sales.

What are the legal requirements for a financed purchase pickup truck sale in Oregon?

Seller-provided financing is subject to the Truth in Lending Act (TILA, Regulation Z), which requires disclosure of the Annual Percentage Rate (APR), total finance charge, amount financed, and total payments. State usury laws may limit the maximum interest rate a private seller can charge. Dealer-provided financing is regulated at the state level and may involve additional disclosure requirements. The federal Truth in Lending Act (TILA / Regulation Z) requires disclosure of the APR, finance charge, amount financed, and total of payments.

Is a financed purchase bill of sale legally binding in Beaverton?

Yes. A properly completed bill of sale with financed purchase payment terms is legally binding in Oregon. Both buyer and seller should sign and retain a copy. Bring it to the Oregon DMV – Beaverton Office to complete the title transfer.

Related pages

Trusted by private vehicle sellers nationwide

45% faster sale

Vehicles whose listings include a history report spend ~45% less time on site before selling, and report-viewers are 5x more likely to become a lead.

Source: Experian / AutoCheck

$4,000 avg loss

NHTSA estimates 450,000+ vehicles per year are sold with rolled-back odometers — the average victim loses about $4,000 in downstream repair costs.

Source: NHTSA

17.5M private sales/yr

About 17.5 million private-party vehicle transactions happen in the U.S. each year — roughly 47% of the used market.

Source: Cox Automotive 2024

1 in 3 buyers

Roughly 1 in 3 used-car buyers say they suspect private sellers are hiding mechanical problems — documentation closes that trust gap.

Source: JW Surety Bonds (n=3,000)

$60–$85 mobile notary

Mobile notary visit minimums run $60–$85 — higher on weekends, plus per-mile travel fees. State-formatted documents skip the trip.

Source: Thumbtack / NNA