Here are some places where additional details can help. Name and contact information for buyer and sellerĪs you fill in a bill of sale document, make sure you are as detailed as possible.Makes sure the template you are considering has a place for each of these: Signing a Bill of Sale to Make It LegalĪ bill of sale contains several parts.Types of Property That Require a Bill of Sale.This guide will help you understand what should be included in your bill of sale. It provides legal protection for both the buyer and the seller to show the sale took place and ownership transferred from one party to the next.Ī bill of sale template can be helpful if you have never created one before. This document typically applies to buying a used item of high price, like a used 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.A bill of sale is a legal document that shows a sale has taken place. 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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