It’s best for individuals to create a bill of sale when selling a car or any expensive item on their own. This document will help keep potential problems from arising, if the buyer or seller has a dispute. The bill of sale will state all details needed in order to close a deal and make the sale official.
How to Create a Legal Bill of Sale, Free Sample Bill of Sale
The document should include a detailed description of the vehicle, including the year, make and model. The form should also include the identification number (VIN #), as well as the mileage at the time of the sale. It’s also essential to include a statement that the vehicle is being sold “as is,” as this will protect the seller from any future claims from the buyer regarding future problems with the vehicle. Last, it’s best for the seller to check with the Department of Motor Vehicles in their area, as in some states the title for the vehicle actually serves as a bill of sale. However; once the document is created, it’s important for the seller to keep their own copy to file away for their personal records.
Bill of Sale Example, Sample Bill of Sale
A bill of sale should be put into a certain format. The document should be professional, as you may follow a sample bill of sale, such as:
I______(seller), in consideration of________dollars($_____), do hereby sell, transfer and convey to________(buyer), the following vehicle:
Make:__________Model:___________
Year:___________Vin:_____________
I the undersigned seller do agree to sell the above described vehicle to the buyer for the amount shown above “as is.” I agree that all statements made in this bill of sale are true to the best of my knowledge.
I the undersigned buyer accepts the vehicle “as is.” I acknowledge this receipt and accept that there are no warranties, with respect to the above described property.
Dated this______day of_______,20____.
Seller Name:___________ Buyer Name:___________
Seller Signature:________ Buyer Signature:________
License #:_____________ License #:_____________
Creating a Bill of Sale Contract Sample
Overall, a bill of sale should describe all necessary details of the vehicle/item, letting the buyer know of all true descriptions regarding the purchased property. The document should also include both the buyer and seller’s information, along with signatures. This contract will give both the buyer and seller the piece of mind of knowing the details regarding the property are all true statements and the item is in fact sold “as is.”
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Sources: leclaw.com and kinseylaw.com
Emily Rogers - I am currently working from home as a freelance writer. I have always had a strong passion for writing, utilizing my skills with every ...
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