Free Oklahoma Bill of Sale Template & Generator

Oklahoma Bill of Sale Requirements

Additional Forms Required in Oklahoma

• Form 701-6 (Application for Oklahoma Certificate of Title)
• Form 722-1 (Declaration of Vehicle Purchase Price, when used)

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. There is also a 1.25% state sales tax layered on vehicle sales, but no city or county sales tax, since the excise stands in for the general rate.

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 title-notarization state, but specifically for the seller: the seller's signature on the title assignment must be notarized (47 O.S. §1107), while the buyer's does not, and the bill of sale itself needs no notary. The buyer then has 30 days to apply for title, paying an $11 title fee plus a $15 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 title application, and Form 722-1 is a purchase-price declaration used when the price needs to be documented separately.