It is a hybrid of a legal document between the car buyer and the seller that records the transfer of ownership between the two parties. Private used car dealers use bills of sale.Ī bill of sale certifies and records the purchase while serving as a receipt and invoice for the transaction. Even if only for your personal records, anyone who buys or sells a vehicle needs a bill of sale.
Some states require a motor vehicle bill of sale form others do not. Also, you will need a bill of sale since your local DMV will need to see proof of purchase. It is wise to complete a bill of sale form even if it is not state law where you live if you plan to sell your car privately. A used car bill of sale shows the transaction terms and serves as written proof that you sold the car.
This ensures that both parties have an agreement and a signed document for proof to avoid legal issues that could arise down the line.If you are selling your car, a bill of sale records the transfer of ownership. Thus, this template may be used by both parties when conducting the transaction. Whether you are a buyer or the seller, you should never walk out of a vehicle sale transaction without a copy of the Vehicle Bill of Sale. This protects both the seller from any liability in the future, such as fines and violations, and the buyer from wrongfully making a wrong buying decision.Ī Vehicle Bill of Sale is a wise documentation of the transaction. This Free Vehicle Bill of Sale Template also states that the odometer was not altered and that the seller believes, to the best of his knowledge, that the vehicle is being sold in good operating condition. This protects the buyer from buying a faulty vehicle, or paying an overpriced amount. This template also states that the buyer can have the vehicle inspected by a mechanic, and that no sale can take place if the vehicle inspection is found unsatisfactory to the buyer. It indicates acknowledgement of the seller upon receiving a certain amount of down payment for the vehicle from the buyer, as well as an agreement that the full amount of payment and title transfer will take place within a certain number of days. This bill template also states the conditions and representations of the sale.
It also indicates the mileage of the vehicle through the Odometer Reading. This Car Bill of Sale Template indicates the Make, Year, Model or Series, VIN Number, Color, Style and TItle Number of the Vehicle.
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