Free Oklahoma Bill of Sale Template & Generator

Oklahoma Bill of Sale Requirements

Additional Forms Required in Oklahoma

• Form 718 (Bill of Sale of an Electronic Title) — notarized, for electronic titles
• Form 722-1 (Declaration of Vehicle Purchase Price) — notarized, when no contract or bill of sale was prepared

The single most misquoted fact about buying a car in Oklahoma is the tax. It is not a flat 3.25%, and it is not based on NADA book value. For a used vehicle, the excise tax is $20 on the first $1,500 of value plus 3.25% of everything above that (Title 68 §2103), and the statutory basis is the actual sale price you write on the bill of sale, not a book value (§2104). On a $10,000 used car that works out to about $296 — meaningfully less than a flat 3.25% would be, and far less than a NADA figure might produce on a car you bought below book. The flat 3.25% applies only to new vehicles. The excise stands in for other taxes except a 1.25% sales tax named in Title 68 §2106 — whether that portion is collected on a private sale is not confirmed, so check with Service Oklahoma.

Because the tax follows your documented price, the bill of sale earns its keep in Oklahoma: a clear, signed document is what secures the lower, correct figure at the counter. And the counter itself changed names — title and registration moved from the Oklahoma Tax Commission to Service Oklahoma, which operates alongside a network of licensed tag agents.

Oklahoma is a notarization state: the seller's assignment on a paper Oklahoma title must be sworn before a notary (47 O.S. §1107). Since July 1, 2025, titles are issued electronically with limited exceptions, and an electronic-title vehicle is sold with Form 718, the Bill of Sale of an Electronic Title, which takes the place of the title and must be notarized. The Mason Treat Act (in force since September 1, 2024) sets two clocks: pre-register the sale within 2 business days, then title, register and pay the tax within two months, with an $11 title fee plus a transfer fee. Plates stay with the seller to move to a next vehicle, and Oklahoma requires no periodic safety or emissions inspection for an ordinary transfer. Form 701-6 is the application for an original Oklahoma title, and Form 722-1 is a notarized purchase-price declaration used when no contract or bill of sale was prepared.