Motor Vehicle Bill Of Sale Word Template – A Proof of Sale is an important legal document used to record the details of personal transactions between you and other individuals or entities (“Buyer” and “Seller”) and serves as proof of purchase. This form is similar to a receipt or stub, but may contain additional terms, such as a purchase agreement.
We provide fillable sales templates for every property type and every state in the United States. You can download it using the link in the Features and Countries section below. You can also try the document builder and create custom sales documents step by step.
Motor Vehicle Bill Of Sale Word Template
This article provides a comprehensive guide to various aspects of using a sales letter. It includes detailed work on key terms, extended definitions, standard form types, and template completion. To learn more about all relevant aspects, please read and watch the video guide below.
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If you don’t want to know more about this form, you can create your own document and click the Create My Document button or download one of our free fillable PDF templates and go straight to the creation process.
A Proof of Sale is a simple form of legal document that functions as a receipt and is used to document sales transactions. It serves as proof that something has been delivered from one party (seller) to another (buyer). Sales statements contain important information about the condition of the personal property sold and sold, and are commonly used for the sale of cars, motorcycles, boats, and firearms.
After completing the sales invoice, the buyer and seller must sign the form and keep a copy to protect both parties from legal claims.
A Proof of Sale may be referred to by alternative names such as Declaration of Sale, Proof of Payment, Proof of Sale of Automobile, Bill of Lading, Proof of Sale of Automobile Contract, Receipt of Sales or Invoice of Sales.
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AS IS – This term is used in most sales documents and means that a product is “sold or purchased personally as is”. By law, it means that the buyer acknowledges that the product is defective or defective at the time of purchase and cannot use it in a lawsuit against the seller. Proofs of Sale protect sellers from forcing buyers to return defective items, even if discovered after purchase.
A gift is legally defined as giving something to the “recipient” without any monetary reward or consideration.
A notary public is a third party official who has no interest in the transaction and can verify the legitimacy of a signature by both the seller and the buyer.
A transaction is a transaction in which a buyer offers something to a seller in exchange for something else. The buyer’s product is valued at the same price or discounted from what the seller is offering. For example, a vehicle owner may decide to “exchange” or exchange a used car for a small discount on a vehicle owned by the dealer.
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A VIN is a vehicle identification number, a 17-digit code made up of letters and numbers that serves as a unique identification information for a vehicle. All sales documents related to the sale of vehicles must include a VIN.
The contents of your sales invoice may vary depending on the property you are selling. The main asset categories are vehicles, animals and personal property.
In addition to attributes, the content of this document is subject to change if the buyer wishes to specify a payment method or specific terms related to the item being sold. You can learn more about this classification.
A Proof of Sale is absolute unless the buyer pays the full amount at the time of sale and no warranty or title conditions are specified. So, after the transaction is complete, neither party owes each other anything.
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Example: If you buy a used car “as is” and pay the full amount on transfer, the seller prepares a sales invoice.
All sales documents available here are considered absolute unless they contain specific instructions that can be done in the template.
An invoice of sale is said to be conditional when the seller contains certain conditions regarding payment or ownership of the item being sold.
Example 1: You buy a used car and want to pay in installments. In this case, you can own the car if you have paid all the installments in accordance with the terms and conditions of the deed of sale. Failure to meet these conditions may result in removal of the vehicle from physical possession.
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Example 2: I want to buy a cat, but the seller gives me a cat when it is 6 months old. With this condition, you pay the sales commission in advance, and if this condition is met, you can receive the cat.
A sales statement should be used by anyone who wants to buy or sell personal property of significant monetary value, especially if they are not familiar with the counterparty (eg when buying or selling online). This document provides a layer of security for both sides of the transaction. Some examples of using sales letters include:
You do not need to use sales slips, or we recommend that you use other documents. An example is:
Sale of business or stock. Selling a business is not the same as selling a car. It is usually more complex. That’s why we recommend using a business purchase agreement. It is more flexible and provides more protection for both parties. For stocks, you can use the stock purchase agreement template.
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Real estate sales. Selling a house or apartment often involves a lot of paperwork, and a deed of sale may not be suitable for such complex matters. In this case, it is recommended to conclude a real estate sales contract. This template covers most aspects of these sales and can be supplemented with numerous additional features if needed.
Cheap stuff. You can create a sales statement for any personal property transaction, but for most people, selling toast or old rugs isn’t worth the extra paperwork.
It is important to provide accurate and comprehensive information in your sales documents so that they are fully reliable and informative for both parties. It will thus prove to be a transfer of ownership and become a reliable legal tool in case of dispute. So, if you’re thinking of creating your own sales letter, it’s a good idea to include:
1) Information of the parties. First, you need to identify the buyers and sellers who are the parties to the contract. You must provide the full name and address of each person involved. If the property being sold is jointly owned or jointly owned, there may be more than one buyer or seller. You should also include your email and phone number so we can contact you easily later if necessary.
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2) Real Estate Information. It is important to identify the property you want to sell. You should include a detailed description of the item and serial number, if applicable. For vehicles, at a minimum, these descriptions include the vehicle make, model, year of manufacture, vehicle identification number (MVR) including odometer readings, and vehicle identification number (VIN).
3) Purchase price and method. The amount paid for the property and the method of payment must also be shown on the Proof of Sale. The document should also mention terms such as loans or credits for vehicle ownership. It is also a good idea to check whether sales tax is included in the purchase price.
4) Warranty and Disclaimer. Seller’s warranty or instructions, if any, must be stated in the sales documentation. If there is no warranty, the documentation must state that the property was sold “as is” without warranty.
5) Date and signature. After completing the sales slip, you must date the transaction and sign the document. A signature from the recipient is not required, but it is best to sign the form.
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Some states, such as Louisiana, Nebraska, Maryland, New Hampshire, West Virginia, and Montana, require document certification by a notary public.
Programs such as Microsoft Word, Adobe PDF, or OpenDocument Text allow you to edit and print downloadable templates that you can use to fill in the blanks and create sales invoices. You can download free templates in Adobe PDF or Microsoft Word (DOCX) format.
You can also create private sales invoices.
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