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A bill of sale is a legal document that is used to transfer ownership of an item from a seller to a buyer. It includes relevant information such as contact information, descriptions of the items, payment methods, and warranties.
The bill of sale proves the owner of a given item. This can be used in a court of law to demonstrate ownership of items such as vehicles, boats, motorcycles, and many more.
A legally binding bill of sale makes the lives of both buyers and sellers substantially easier.
Benefits for sellers:
Benefits for buyers:
Although a bill of sale is an important part of the sale, it does not prove ownership. A title transfer, however, does prove ownership of a vehicle and finalizes the buying-selling transaction.
A vehicle bill of sale is a piece of paper that transfers the ownership of a vehicle from one party or parties (the Seller(s)) to another (the Buyer(s)). It is a document that varies somewhat in content depending on the location of the sale. You will need to review your state and local websites to ensure your bill of sale is obeying all laws and bylaws. It’s the sort of document one can easily draw up using a free car bill of sale template – it’s not that complex. You can simply download a free auto bill of sale from the internet and just fill it out (though do be sure you are using a reputable resource). However, you’ll want to have every one of your details in order before starting.
If the seller issues a warranty, that means the seller is assuring the buyer of the property transfer. No one but the seller or the buyer may claim ownership of the vehicle. If the seller transfers without warranty, he or she is not providing this defense.
The following states require an approved bill of sale:
Buyer and Seller Information
Description of Property
If you’re preparing to sell a vehicle, or even simply use it as an asset, you’ll need to have all your official paperwork in order. This means creating a vehicle bill of sale. Legally speaking, any bill of sale is a pretty heavy document. A vehicle bill of sale is no exception. Here are a few aspects to keep in mind when drawing yours up.
Check your state laws
Make all necessary disclaimers
See the list below to find more information for your state: See above list for states not included below.
Alabama, Alaska, Arkansas, Colorado, Delaware, Hawaii, Illinois, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, New Hampshire, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, West Virginia, Wisconsin, Wyoming
Our team at FormSwift created a map to show how American each state’s car preferences are. We culminated each state’s most sold vehicle and determined whether the brand of vehicle was American in origin or not.
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A Bill of Sale is used for the transfer of ownership of property 'as is' in return for a fee. The 'as is' is key, in so much that the buyer explicitly accepts the goods in the condition in which they find them. This protects the seller from any subsequent problems that may arise.Read More