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Financed Purchase bill of sale — Fargo, North Dakota

Financed Purchase Payment Bill of Sale for RV in Fargo, ND

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for th… Complete your Fargo rv financed purchase transaction at the ND DOT – Fargo Driver License Office.

FargoNorth DakotaRVFinanced Purchase

Financed Purchase RV Sale in Fargo

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 Fargo, North Dakota, the local office handling title transfers is the ND DOT – Fargo Driver License Office at 1005 Main Ave W, West Fargo, ND 58078. The combined sales tax rate is 5.50%. 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 — Cass County

DMV / Title Office

ND DOT – Fargo Driver License Office

Address

1005 Main Ave W, West Fargo, ND 58078

Phone

(701) 328-2725

Office Hours

Mon–Fri 8:00 AM–5:00 PM

Local Fees & Taxes

Title Transfer Fee

$5.00

Sales Tax Rate

5.50%

Base Registration Fee

$49.00

North Dakota state rate 5% + Fargo city 0.5% (excise tax on vehicles is 5% statewide)

Notarization: NOT REQUIRED

North Dakota does not require notarization for private vehicle sales.

Fargo 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.
  • North Dakota applies 5% excise tax on vehicle purchase price on vehicle purchases, collected when the buyer registers the vehicle.
  • North Dakota does not require notarization for a private-party bill of sale, though notarized signatures are more defensible.
  • North Dakota’s official bill of sale form is SFN 2872 (Bill of Sale).
  • An odometer disclosure is required on the North Dakota title transfer.
  • Title transfer at the Cass County Recorder within 30 days
  • ND 5% excise tax on vehicle purchases
  • Seller must sign the title assignment
  • Odometer disclosure required

North Dakota forms and documents

  • TILA Disclosure Statement
  • Retail Installment Contract or Loan Agreement
  • SFN 2872 (Bill of Sale)

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.

Fargo at a glance

Population

129,064

Median Household Income

$66,029

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Frequently asked questions

How does a financed purchase rv sale work in Fargo?

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 Fargo are handled at the ND DOT – Fargo Driver License Office (1005 Main Ave W, West Fargo, ND 58078). 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 rv purchase in Fargo?

The combined sales tax rate in Fargo is 5.50%. North Dakota state rate 5% + Fargo city 0.5% (excise tax on vehicles is 5% statewide)

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

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 ND DOT – Fargo Driver License Office (1005 Main Ave W, West Fargo, ND 58078) with payment for the $5.00 title transfer fee.

Is notarization required for a financed purchase rv bill of sale in Fargo?

No. North Dakota does not require notarization for private vehicle sales.

What are the legal requirements for a financed purchase rv sale in North Dakota?

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 Fargo?

Yes. A properly completed bill of sale with financed purchase payment terms is legally binding in North Dakota. Both buyer and seller should sign and retain a copy. Bring it to the ND DOT – Fargo Driver License Office to complete the title transfer.

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