A typical bill of sale lists information about the vehicle being sold, to whom, for how much and includes all prominent vehicle information. In addition, the bill of sale also includes information about a warranty and whether one is being included with the sale of the vehicle. States differ in bill of sale requirements--some states use the vehicles title as a bill of sale. It is a good idea to create one, regardless. Each party should sign the bill of sale and keep a copy for their records.
Other People Are Reading
Vehicle, Buyer and Seller Information
The beginning of the bill of sale, whether it is written or typed, should include the name of the seller and the buyer. All vehicle information, such as VIN (vehicle identification number) year, mileage, make and model should be included as well. The bill of sale should state that the mileage is accurate or inaccurate, and state that the seller has full authority to transfer ownership.
It is important to list that no warranties are implied and that the vehicle is being sold "as is" to protect yourself from future damage or problems with the vehicle. Sometimes vehicles are sold for parts; if this is the case, include that the vehicle is being sold as "non-running" for parts or salvage. The seller should also state that he is fully responsible for all taxes, fees and encumbrances in respect to the vehicle. The seller will not be responsible for any payments or lawsuits involved with the transfer of ownership.
Date and Cost
Include the date on the bill of sale. This should be included with the first section next to the buyer and seller names. State what amount the vehicle is being sold for. Many states use the bill of sale to determine what taxes are owed on the vehicle. Some states require that taxes be paid before registration or titling.
Although the bill of sale states the transfer of ownership, a title is also needed. Check your state's department of motor vehicles website or visit a facility to obtain more information about what is needed to fully transfer ownership.
There are many forms available online. You can download a form and fill in the information required. The DMV may also offer a form for you to use---check your local DMV website, as there may be a DMV legal bill of sale available for download. You also may write the bill of sale out yourself, or create it on your computer and print it out.
- 20 of the funniest online reviews ever
- 14 Biggest lies people tell in online dating sites
- Hilarious things Google thinks you're trying to search for