If you follow the enclosed sample and guidelines, you will have a written acknowledgment of the rights and responsibilities being transferred as part of your sale. Moreover, many states and counties use these documents to determine the amount of sales tax owed on the transaction, if any. Bills of sale can help to prove the identity of a vehicle’s true legal owner.
It also details the terms of the sale, including information about price, delivery, and condition. It proves that ownership of a particular piece of property has changed hands. With the enclosed documents and instructions, you can firm up the terms of your arrangement and prepare for your car’s new titling and registration.Ī bill of sale is like a receipt. This process calls for a complete, well-drafted bill of sale.
Your vehicle transfer also requires you to file with your state’s motor vehicle department and other local agencies. In the modern marketplace, your transaction can’t be completed with a simple handshake and a wave goodbye. You’ve listed your car and you’ve found your buyer - it’s time to finish your deal.
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