The Vehicle bill of sale form is a requirement in states where there is no standard bill of sale form issued from the motor agency department like the DMV bill of sale form. It means that anybody can draft or download a free template provided it covers the important aspects of the vehicle sale. It is a generic bill of sale form for all vehicle transactions.
The Vehicle bill of sale will protect you from buyer’s remorse, odometer fraud and any liens that are against the vehicle. It is important to state that by putting every detail about the car in writing as at the time of sale and having both the seller and buyer signing the vehicle bill of sale form, you have documented evidence that there is no wrongdoing done by yourself in the transaction. Should there be any case of fraudulent transaction about the vehicle in future, you can prove your case easily and quickly.
Filling the Vehicle bill of sale form is very clear and easy. The following instructions apply.
Step1
The description of the car should be detailed. They must include the actual make and model of the vehicle. The year in which the vehicle was manufactured, the style of the vehicle and color of the vehicle is important. Note that if the color of the vehicle has changed from the original color, it is important to equally state it in the form. Lastly under the vehicle information, the odometer reading and the seller registration number must be captured. Kindly note that the odometer reading must be captured as at the time of sale to be valid.
Step2
The seller and the buyer’s full names must be filled clearly. Writing name in initials is not allowed in this case. The address of the seller and buyer must be clear and verifiable. It should include both the city and state of the buyer and seller. Fill the final sale price of the vehicle and make sure it is the exact and correct amount as any discrepancies may throw up some legal issues in future. It is important to state here that if the car was obtained as a gift, kindly state it and state the relationship by checking the box appropriately.
Step3
There is a statement of declaration on the vehicle bill of sale form, read it well and make sure you understand the implications. As a seller, you will have to sign on the form and put the date on the form.
The vehicle bill of sale form can incorporate the following
1
Ensure that the both the buyer and seller both sign the vehicle bill of sale form.
2
There is nothing wrong including the signature of a notary public even if it is not compulsory in your state.
3
To add more weight to the document, it is not out of place to include a witness to the transaction.
4
Ensure that you always keep a copy of the vehicle bill of sale form as it can be called upon for your defense when things go wrong.
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