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  1. BILL OF SALE VEHICLE INFORMATION Make: _____ Model: _____ Year: _____ Style: _____ Color: _____ VIN# _____

    • Step 1 – Negotiate The Terms
    • Step 2 – Vehicle Identification Number
    • Step 3 – Gather Vehicle Documents
    • Step 4 – Complete The Sale
    • Step 5 – Registration
    • Section 1. Bill of Sale Statement
    • Section 2. The Parties
    • Section 3. The Exchange
    • Section 4. Vehicle Description
    • Section 5. Taxes

    Once you have decided whether to buy or sell a specific vehicle, you will need to enter the terms of the agreement. If the vehicle is being sold for cash, the entire amount will be due at the time of sale. Any financing will have to be done prior with a local bank or credit union. If the vehicle is being sold for cash and trade, both vehicles and the terms of the transaction must be stated (common for vehicles purchased from dealers).

    The Buyer should obtain the Vehicle Identification Number (VIN) of the motor vehicle. This number is unique to every automobile, consisting of 17 characters. It’s usually located on the driver’s side windshield or inside where the door meets the vehicle. If you are unable to find the VIN number, you can always find it on the vehicle’s Title or Registration. When obtaining this number, you can see all the repairs that were ever done during its existence including car accidents, water damage, and ownership history. 1. CarFax.com– Get a detailed report for $39.99. 2. VINcheckpro.com– Get a limited free report. Private Inspection– Remember, only the damage that gets reported to an insurance company gets mentioned in a VIN lookup. Therefore it is recommended to have a third (3rd) party mechanic inspect a vehicle to ensure it is in proper working condition.

    Title and Registration – In order to complete the sale, the Seller must provide the Title and Registrationto the vehicle. If the vehicle’s title is missing, you can request a new Title from a DMV office which can take about 10 to 14 business days to obtain. 1. Sample Vehicle Title (California) 2. Sample Vehicle Registration (California) Vehicle Bill of Sale – The legal contract between a Buyer and Seller that details a transaction between the parties. The form should only be signed by the Seller when the funds have been transferred in-person or by via a bank transfer. View Instructions. 1. Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt) Odometer Disclosure Statement– According to federal law all vehicles that are under 10 years of age and below 16,000 pounds must have their odometer be verified by the Buyer. The Seller must acknowledge on the form that to the best of their knowledge the reading is accurate and that the mileage has not been defective. 1. Download Your St...

    Document Signing – Once all the necessary papers are drawn up, the sale may be completed. The parties should meet at a mutual location with the Buyer bringing the funds and the Seller bringing the vehicle. At this time the Bill of Sale should be signed by both parties and the Titleshould be signed over. Sales Tax– Lookup the sales tax in your State. Depending on the laws the Buyer or Seller will be responsible and this must be paid at the time of sale.

    After a bill of sale has been finalized, the new owner will take possession and will need to register the vehicle within a certain time frame. In order to properly register a vehicle, the following documents and fee(s) will need to be taken to a DMV Office Location: 1. Bill of Sale– The original that was signed by the Buyer and Seller. 2. Title– A new Certificate of Title will be issued and sent to the Owner within 30 days. 3. Odometer Disclosure Statement– If the car is younger than 10 years and under 16,000 pounds. 4. Proof of Car Insurance– Usually an insurance card is suitable. 5. Identification(such as a Driver’s License or Passport) 6. Fee(s)– There is a tax or fee charged in every State. 7. *Emissions Test(*only required in some States) Once the vehicle has been registered the buying process is complete.

    (1) Bill Of Sale Date.The document date when this paperwork is created must be presented. (2) County Of Sale.The County where the concerned transaction or sale occurs is required. (3)State Of Sale.

    (4) Buyer’s Name.The full name of the Party engaging in this sale as the Buyer or Purchaser must be attached to this transaction. The Buyer is the Party who will arrange for and submit payment for the vehicle. (5)Buyer’s Mailing Address. (6) Seller’s Name.The legal name of the Entity who expects to receive the Buyer’s payment in exchange for the vehicle being sold. Generally, this is usually the Owner of the vehicle (before the sale completes). (7)Seller’s Mailing Address.

    (8) Cash Payment.The method by which the Buyer shall pay for the vehicle can be indicated by simply selecting the most appropriate statement. In most cases, a vehicle will be paid for with a submission of a predetermined dollar amount (i.e. its sale price or purchase price). If this is the case the first checkbox should be selected and accompanied with a record of the US Dollar amount being submitted as payment. (9) Trade-In Payment.In some cases, the Seller will agree to accept the Buyer’s vehicle as a trade-in. It is somewhat rare that a Buyer can trade in his or her vehicle as full payment for the Seller’s automobile thus, this paperwork provides an area for both the trade-in vehicle and the remaining payment amount to be defined. This payment option can be indicated through a checkmark and a brief report. (10) Trade-In Vehicle.A basic description of the trade-in vehicle supplied by the Buyer should be included when the sale occurs under these conditions. The name of the trade-in...

    (13) Vehicle Of Sale.The purpose of this document requires a reasonable description of the vehicle being sold. To this end, display the make model, and body type of the vehicle behind this sale. The Vehicle Manufacturer’s name (make) and the product or model name of the vehicle can both be transcribed from the owner’s manual, title, or by viewing the front and back of the car. The type of vehicle being sold also needs to be reported (i.e. jeep, sedan, convertible, etc.). (14) Additional Vehicle Information.Locate the year of the vehicle either on its body or in its paperwork then report this information as well as the color of the vehicle. The odometer reading should also be dispensed exactly as it appears on the dashboard display at the time of sale. (15) VIN.Every motor vehicle should have an identification number. Locate the vehicle identification number for the automobile in this transaction at the lower driver side area of the windshield, along the front driver’s side doorjamb...

    (16) Sales Tax Status.The municipalities, counties, and States where a vehicle is sold will often impose taxes on that transaction. Some Sellers will include this in the purchase price while others will not. Naturally, such information is vital to the Buyer’s ability to remain aware of his or her obligations. This distinction should be made in this document by selecting a checkbox to state that all sales taxes are included in the purchase price or a checkbox declaring the purchase price excludes any sales tax that may be expected by the relevant jurisdiction where the vehicle transaction occurs.

  2. Dec 11, 2017 · Vehicle Bill of Sale Template. Use this template to document the sale of any type of vehicle (new, used, etc.). You can choose to sell as-is or add conditions to the bill of sale. Document whatever payment options are appropriate, whether the purchase is with cash, a trade-in vehicle, or a gift to the buyer.

  3. Standard motor vehicle bill of sale. Use this accessible standard bill of sale form template to document a vehicle sales transaction.

  4. People also ask

    How do you make a bill of sale?

    How to prepare a bill of sale?

    What are the requirements for a bill of sale?

    What is required in a bill of sale?

    • by State
    • by Type
    • What Is A Bill of Sale Most Commonly Used for?
    • How to Privately Sell Or Purchase A Motor Vehicle
    • Defining The Terminology
    • Frequently Asked Questions
    • How to Write

    A bill of sale is most frequently deployed for the purchase and sale of a motor vehicle. That being said, most states still require that the previous owner sign-over the vehicle’s title to the buyer, but the bill of sale can provide additional information regarding how the exchange transpired. Think of it as a receipt that may be referred back to in the event that there is ever a legal dispute or you need to supply evidence for tax reasons.

    There is a certain protocol that must be followed when selling or buying a vehicle during a private sale. A key component of that is the execution of a motor vehicle bill of sale. Below are a series of steps designed to guide you through the process.

    When creating a bill of sale document, you must know the terms that are being used within the agreement. Listed below are the common words/phrases associated with the bill of sale form: 1. Seller (Transferor)– Person(s) releasing their rights and transferring ownership of the property to the buyer. 2. Buyer/Purchaser (Transferee)– Individual(s) who is buying the property and obtaining the title from the seller. 3. VIN (Vehicle Identification Number)– Is a sequence of 17 numbers and letters that can identify a specific vehicle. Every vehicle contains its own unique VIN that can determine the automobile’s characteristics, manufacturer, history, and other important details. (The location of the VIN varies depending on the vehicle.) 4. As Is – This term indicates the vehicle is being purchased in its present condition and the buyer accepts any defects the property may have. By incorporating this into the bill of sale, the seller protects themselves from any claims of not disclosing pert...

    Is a Bill of Sale legally required to sell or purchase a motor vehicle? It all depends on which state the transaction is taking place in. Some states stipulate that it is mandatory to execute a bill of sale, whereas others do not. However, it is always a good idea to fulfill this agreement regardless as it can be a worthwhile document to have on file. Who should be supplying the Bill of Sale? Traditionally, the seller would supply the form upon the exchange of property. That being said, it would be wise for the buyer to bring their own copy in case the seller forgot to bring one or they are not interested in completing the agreement for their own personal records. Do both parties need to sign the document? The majority of the bill of sale forms require the signatures of all participating individuals. Some states may only require the signature of the seller. It is recommended that both sides of the transaction sign the document if given the option. Does the Bill of Sale have to be no...

    Step 1 – Download the document in Adobe PDF or Microsoft Word (.docx). Step 2 – Sale and Buyer/Seller Information – The first 2 sections of the form require that the participants insert the specified details regarding when and where the transaction is taking place and who is involved in the exchange. Fill in the blank spaces as followed: 1. Date of the Transaction: 1.1. Enter the day, month, and last 2 digits of the year within the corresponding spaces. 2. Location of the Sale: 2.1. Insert the name of the county and state in which the exchange is to occur. 3. Transferor/Transferee Contact Info: 3.1. Provide the names and mailing addresses of both parties (seller & purchaser) involved in the transfer of property. Step 3 – Transaction Specifics – The third section requests that you define the terms of the exchange. There are 3 available options: 1. Monetary Payment: 1.1. This is the most common selection where the purchaser provides the necessary funds to cover the full cost of the ve...

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