In others, you need a signed, dated, and on occasion, notarized bill in order to successfully transfer your title. Specific representations as to conditions or repairs should be included. It is also common to include any special condition statuses in this section, such as conferring an "As Is" status to a used vehicle you are selling.
By documenting an agreed-upon transaction, a bill of sale serves to protect both the buyer and seller from potential misunderstandings arising from the sale.
Make Necessary Disclosures Indicate these in a separate paragraph. For example, in the case of a used car, you would include the make, model, year, VIN, odometer reading, and registration number. Bill of Sale vs. You must transfer the title of the vehicle to completely protect yourself from legal liabilities upon selling your vehicle.
First you need to establish the identity of both the seller of the car, whether that is you or the person you are buying it from. Title Transfer While a bill of sale is an essential part of the sale process, it generally does not prove ownership; only a title transfer proves ownership of a vehicle.
Identify the buyer and the seller. Part 1 of 3: Requirements differ between states. Some sites have free forms available. Download your free, printable, generic bill of sale form now. Make sure you describe the vehicle being sold and the terms of the contract.
In the description, you should also write in any identifying characteristics for the item, such as any special features on the car, any damage to the car, the color of the vehicle, etc. When Should You Use One?
Make sure to incorporate these requirements into your bill of sale when writing it. Step Six Lastly, the bill of sale must be signed by both the buyer and the seller and, in order to make it official, it is a great idea to have these signatures notarized.
Include a statement of oath.What Is a Bill of Sale? A BILL OF SALE IS: A general form that documents the transfer of a used or high-valued item from a seller to a buyer; A sales receipt for the purchase of vehicles, animals, and personal property such as bikes and firearms.
Tip: Before writing any bill of sale, check your local or state laws to find out what is required in your area when selling goods to another person.
Make sure to incorporate these requirements into your bill of sale when writing it. Before writing a bill of sale you have to gather certain information.
Regardless of it being required or not, a bill of sale can be an important part of any vehicle transaction for both the buyer and the seller.
States Requiring Approved Bill of Sale. Many states require a state-specific bill of sale form. In this case, you must fill out the bill of sale form offered by the motor vehicle agency in your state.
Prior to writing the bill of sale you should gather all of your pertinent information such as the title to the vehicle and registration papers you may have. Step Two With that out of the way, the next step is to begin writing the bill of sale.
Writing a used car bill of sale need not be complicated. Just use the information from your motor vehicle title and follow some simple steps. Make sure you describe the vehicle being sold and the terms of the contract.
A bill of sale is a legal document that memorializes the sale of an item, typically one of great value. This includes personal property such as laptops, furniture, jewelry, and equipment. However, this contract is often used for the sales of a car, motorcycle, or other vehicle between two parties — a seller and a purchaser.Download