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Financed Purchase bill of sale — Great Falls, Montana

Financed Purchase Payment Bill of Sale for Side by Side in Great Falls, MT

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for th… Complete your Great Falls side by side financed purchase transaction at the Cascade County Motor Vehicle.

Great FallsMontanaSide by SideFinanced Purchase

Financed Purchase Side by Side Sale in Great Falls

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 Great Falls, Montana, the local office handling title transfers is the Cascade County Motor Vehicle at 121 4th St N, Great Falls, MT 59401. The combined sales tax rate is 0.00%. Notarization is required for this transaction.

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 — Cascade County

DMV / Title Office

Cascade County Motor Vehicle

Address

121 4th St N, Great Falls, MT 59401

Phone

(406) 454-6810

Office Hours

Mon–Fri 8:00 AM–5:00 PM

Local Fees & Taxes

Title Transfer Fee

$12.00

Sales Tax Rate

0.00%

Base Registration Fee

$217.00

Montana has no sales tax

Notarization: REQUIRED

Montana requires notarization of the title assignment.

Great Falls 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.
  • Montana applies No sales tax; registration fee based on age and value on vehicle purchases, collected when the buyer registers the vehicle.
  • Montana requires notarization for the title transfer — sign the bill of sale before a notary as well.
  • Montana does not mandate a specific bill of sale form; a complete written bill of sale is accepted.
  • An odometer disclosure is required on the Montana title transfer.
  • Title assignment must be notarized
  • No sales tax
  • Title transfer within 10 days
  • Odometer disclosure required

Montana 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.

Great Falls at a glance

Population

60,412

Median Household Income

$63,934

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Frequently asked questions

How does a financed purchase side by side sale work in Great Falls?

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 Great Falls are handled at the Cascade County Motor Vehicle (121 4th St N, Great Falls, MT 59401). 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 side by side purchase in Great Falls?

The combined sales tax rate in Great Falls is 0.00%. Montana has no sales tax

How does financed purchase affect the title transfer process in Great Falls?

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 Cascade County Motor Vehicle (121 4th St N, Great Falls, MT 59401) with payment for the $12.00 title transfer fee.

Is notarization required for a financed purchase side by side bill of sale in Great Falls?

Yes. Montana requires notarization of the title assignment.

What are the legal requirements for a financed purchase side by side sale in Montana?

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 Great Falls?

Yes. A properly completed bill of sale with financed purchase payment terms is legally binding in Montana. Both buyer and seller should sign and retain a copy. Bring it to the Cascade County Motor Vehicle to complete the title transfer.

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