A vehicle bill of sale is a legal document used to transfer ownership of a motor vehicle from one person to another. Most commonly used for a car, a bill of sale proves that a sale took place, and in many US states, is required to register a vehicle at the Department of Motor Vehicles DMV. Use our free fillable vehicle bill of sale template to easily buy or sell a car, or find your vehicle bill of sale by state below. You need a bill of sale when buying or selling a vehicle privately to prove that the vehicle was transferred to its new owner. A vehicle bill of sale works much like a receipt, and is typically required for tax purposes, to get insurance, and to register the vehicle at the DMV. Furthermore, if the new owner of the vehicle is involved in an accident or gets a speeding ticket, the seller can use the bill of sale to show that the vehicle is no longer theirs and they are not liable.
Bill Of Sale and Promissory Note for Cars & Guides
Free Vehicle Bill of Sale Form [For a Car] - PDF & Word
A bill of sale records the purchase of an object, such as a car, boat or television. It is a simple form including the most basic of information, but it acts as an insurance policy so that the buyer can show proof of ownership. It is most commonly used when selling a car, as this is an exchange that would definitely need insurance, but it can and should be used in the exchange of most objects. Be sure to include on the form the names, signatures, addresses and phone numbers of the buyer and seller, as well as the date of sale.
Free Vehicle Bill of Sale
A bill of sale is like a receipt. It proves that ownership of a particular piece of property has changed hands. It also details the terms of the sale, including information about price, delivery, and condition. Moreover, many states and counties use these documents to determine the amount of sales tax owed on the transaction, if any. A promissory note is also included in this package, which allows the buyer to make vehicle payments over time and provides security for those payments.
To transfer a car title over to the buyer, you must have a bill of sale. According to the Connecticut Department of Motor Vehicles, the bill of sale must contain specific information about the vehicle, such as make, model, Vehicle Identification Number, name of the buyer, name of the seller, among other information. Having a bill of sale gives the car buyer proof of purchase, helps the seller in cases where liability may come into question and details how and when the buyer will make the payments. Write the title "Bill of Sale" at the top of the paper. Print the date including the month, day and year, under the title.