![]() ![]() It is quite common to go to the local DMV along with the buyer and complete the necessary paperwork together. The bill of sale is only one of the documents needed to transfer a car title. Remember that ownership of the car doesn’t legally change hands until the title is transferred to the new owner. Once you complete the bill of sale or fill in the state form’s blanks, the buyer and seller should each receive a copy. Right above the signature, you should also include language stating that the information provided is accurate. The buyer and seller should also sign and date the bill of sale. The names, addresses, and phone numbers of both parties should be on the bill of sale. If you have a different agreement, put it in the bill of sale. Most private party sales are assumed to be “as is.” This means you make no guarantees about the vehicle’s condition or offer any form of warranty. If the car is a gift, you should indicate that on the bill of sale and state the reduced price, if any money changed hands. If you agreed to instalments, describe the terms you agreed to. In most cases, the buyer will pay a lump sum. Write down the sale price and how you agreed to be paid. The VIN acts as your car’s fingerprint, its unique identifier. You should also include the Vehicle Identification Number (VIN). Official information about the car, like its license plate number, should also be stated on the bill of sale. Check the odometer at the time of the sale and record the mileage. This will include the basic information like the year, make, and model of the car. The bill of sale should list all the identifying information about the car. The buyer usually has 10-30 days after buying the car to apply for a title transfer,p pay the necessary title fees, and register the vehicle. Ownership of the car doesn’t legally change hands until the title is transferred to the new owner. The date of sale is the date on which the sales transaction was completed. If you’re creating your bill of sale, it should include the following elements. It can be tricky knowing how to write a bill of sale. Having the bill of sale notarized means it is stamped by a notary public as additional legal proof of its accuracy. While you’re on the department’s site, check whether your state requires that the bill of sale be notarized. Some states have a bill of sale form that you can download and fill in. Find your state’s motor vehicle department website to stay up to date with the current state requirements. If not, you can find out how to write a bill of sale with the information provided below.ĭifferent Bill of Sale Formats for Different Statesīills of sale are legally required in the following states:Īdditionally, Louisiana, Nebraska, Maryland, New Hampshire, West Virginia, and Montana all require a notary public to witness both parties signing the bill of sale.ĭifferent states have different required bill of sale formats. When you are ready to sell your car, find out if your state provides a bill of sale form. If any disputes go to court, the bill of sale will be reviewed to see the terms both parties agreed to honor. The bill of sales also outlines any guarantees or conditions attached to the sale. As the seller, a bill of sale can be used to prove you’re no longer liable for the vehicle if it’s involved in an accident. The bill of sale is a record of the transaction, serving as an invoice and receipt. In these states, a bill of sale is a prerequisite.Įven if a bill of sale is not a prerequisite in your state, it can still be a good idea to create a bill of sale. In some states, the buyer needs to take a copy of the bill of sale to the Department of Motor Vehicles when they are transferring the car title. Its function is to protect you and prevent misunderstandings with the buyer. The bill of sale will generally include general information about the vehicle and the terms of the sale. As the seller, the bill of sale will verify that you have sold your car. It outlines the terms of your agreement with the buyer. Different Bill of Sale Formats for Different StatesĪ bill of sale is a legal document that is drawn up between the buyer and the seller of a car. ![]()
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