Printable Bill Of Sale For Used Car – A promissory note is entered into between a buyer and a seller for the purchase of goods in exchange for money or trade. It must be signed
The deal is over and the exchange has taken place. If the transaction involves a vehicle, the buyer must keep the original for registration.
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DMV Offices (By State) – The bill of sale must be signed by the seller to register the vehicle.
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A bill of sale is a legal document that transfers ownership of property, typically a vehicle, to another person in exchange for cash or business. Most states require a signed bill of sale to register a vehicle.
Name of Buyer: [NAME] with email address [ADDRESSES] (“Buyer”) and agrees to purchase the property from Seller under the name:
Seller’s name: [NAME] with email address [ADDRESSES] (“Seller”) and agrees to sell the Property subject to the following conditions:
☐ – Payment in cash. Seller accepts cash payment of $[PURCHASE PRICE] payable to: (check one)
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All city, county and state taxes related to the purchase of the property, including sales taxes, are ☐ included ☐ not included in the exchange.
The undersigned seller certifies that the above information about the property is as accurate as possible. The undersigned purchaser agrees to receive this bill of sale and understands that the Property described above is being sold “as is, where is” without any warranties or guarantees, express or implied.
After you have decided whether to buy or sell a particular car, you need to enter the terms of the contract. If the vehicle is sold for cash, the full amount must be paid at the time of sale. Any financing must be done in advance with a local bank or credit union. If the vehicle is sold for cash and trade, both the vehicle and the terms of the transaction (common for vehicles purchased from dealers) must be mentioned.
The buyer must obtain the Vehicle Identification Number (VIN) of the vehicle. This number is unique for each car and consists of 17 characters. It is usually located on the driver’s side windshield or on the inside where the car door meets the car. If you can’t find the VIN number, you can always find it on the vehicle’s title or registration. When you get this number, you can see all the repairs that have been done during its existence, including car accidents, water damage and ownership history.
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Private Inspection – Remember that only damage that is reported to the insurance company will be noted in the VIN lookup. Therefore, it is recommended to have a third party mechanic inspect the vehicle to make sure it is in good working order.
To complete the sale, the seller must provide the title and registration of the vehicle. If the vehicle title is missing, you can request a new title from the DMV office, which will take 10 to 14 business days to receive.
Bill of Sale – A legal contract between a buyer and seller detailing the transaction between the parties. The form should only be signed by the seller after the money has been transferred in person or via bank transfer.
Odometer Disclosure Notice – By federal law, all vehicles less than 10 years old and weighing less than 16,000 pounds must have their odometer verified by the buyer. The seller must acknowledge on the form that as far as they know the reading is correct and the distance was not an error.
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Photo ID – Due to the amount of scams on Craigslist and newspapers, it is recommended that you get a copy of the seller’s photo ID (such as a driver’s license). This should be 100% sure that the person who authorized the bill of sale is able to legally sell the property. The buyer must ensure that the title and passport match accordingly.
Signing of documents – Once all the necessary documents have been drawn up, the sale can be completed. The parties must meet at a common location with the buyer bringing the funds and the seller bringing the vehicles. Currently, the bill of sale must be signed by both parties and the title must be signed.
Sales Tax – Look up the sales tax laws in your state to determine whether the buyer or seller is responsible for paying sales tax at the time of sale.
After the bill of sale is completed, the new owner takes ownership and must register the vehicle within a certain period. To properly register a vehicle, the following documents and fees must be brought to the DMV office:
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IMPORTANT: A bill of sale does not transfer ownership. It only shows the fact that the transaction took place. The seller must sign the title to transfer ownership.
Because a bill of sale can be simple and straightforward, it’s important to familiarize yourself with the language included in your document.
“As Is” – The term “as is” is the statement on the bill of sale that the item is purchased.
Notary Public – a disinterested third party public official who can certify the signatures of the buyer and seller. You can find a notary public at your local bank or by using a professional service.
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Trade-In – A type of transaction that begins with the buyer offering the item to the seller in exchange for the same or at a discount for the seller’s item. This type of transaction typically occurs in a car trade, when a buyer wants to trade their used car for another car that the seller is selling.
Vehicle Identification Number (VIN) – A unique 17-character code consisting of numbers and letters, which is basically the “serial number” of the vehicle. The VIN must be written on the vehicle’s bill of sale to be valid.
Depending on the state and sometimes even the city where it is located, a bill of sale may or may not be required. Adding an extra layer of protection for the seller, this document must always be included when transferring ownership of the vehicle (see State Requirements).
Avoiding future disputes between buyer and seller is a good reason to use a bill of sale. It’s important to include as much detail as possible to maximize your sales performance. Adding and filling out an endorsement will further strengthen the power of your sales invoices.
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A sales contract is classified as a contract and allows you to enter detailed information about the sale of goods and services. Bills of sale act more like a receipt (proof of purchase) and do not necessarily have a contractual effect.
Recommended but not required in most states. Since laws vary from state to state, it’s important to check your local laws if you decide not to have a buyer’s sign. Although, when possible, it is best to have the buyer sign the bill of sale.
Usually after you pay for the item, you will receive a receipt showing proof of your purchase. Bills of sale should work the same way and present the bill of sale to the seller only after receiving payment.
The only time a promissory note should be used is when the buyer does not have enough money to pay for the seller’s item in full at the time of purchase. By issuing a promissory note, the buyer promises to pay for the seller’s goods within a certain period of time.
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By using the website, you consent to our use of cookies to analyze website traffic and improve your experience on our website. An Oregon bill of sale is a legal document that shows that a vehicle has changed legal ownership in the state of Oregon. This form provides information about the vehicle, the seller and the buyer. The seller must contact the DMV to notify them within ten (10) days of selling the vehicle and the buyer must register the vehicle within 30 days of purchase.
Odometer Disclosure Statement – In Oregon, sales of vehicles less than 10 years old require an odometer disclosure. There are some exceptions, such as for recreational vehicles or vehicles built without an odometer. The disclosure may be included on the back of the title that was transferred at the time of sale or on a separate odometer safety disclosure sheet.
Vehicle buyers must notify the State of Oregon of a title change within thirty (30) days of purchase. If you bought the car from a government dealer, the dealer will usually provide all the registration documents for you. If you buy privately, you will be required to complete all offers yourself. The registration status can last two or four years depending on the payment of the fee and the characteristics of the vehicle; For a schedule of registration fees, click here. After initial registration, registration can be renewed online.
If you want to register your car
Texas Bill Of Sale Template (free Download)
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