Bill of Sale for Car: A car bill of sale is a written contract that legally documents when a vehicle is sold from one party to another, serving as both a legal protection and a payment receipt. The Bill of Sale records pertinent information about the transaction, including names and addresses for the buyer and seller, along with the date of sale, the purchase price agreed upon, and a comprehensive description of the vehicle (make, model, year, color, autofinder, or Vehicle Identification Number (VIN), and mileage at the time of sale).
Bill of Sale for Car
More than just evidence of purchase, the bill of sale is a legal record that binds the buyer and the seller to the transaction and is proof positive that the car changed hands, information that can be useful down the road if there’s a dispute over ownership, condition, or payment. It will often describe key details, such as if the sale is “as-is” and that no warranties are provided, and may list what is included, like spare tires, manuals, or accessories. In most states, the DMV (Department of Motor Vehicles) will want this document as well in order to register the vehicle under the new owner (and finish the title transfer).
It provides sellers protection from liability after the sale and provides buyers immutable proof of ownership. So, honestly, a car bill of sale is much more than a receipt: It’s a written handshake to solidify the deal in writing with new clarity, new accuracy and new legal protection.
Free Printable Bill of Sale for Car Form Template
Here we have described about the important key points, that you must include in a free printable bill of Sale for a car form template, along with very long & detailed explanations of what these mean, how to write them, why you put this specific part in there along with simple definitions for better readability.
Complete Contact Information, Including Full Legal Names of Buyer and Seller
Include Their Full Legal Names And Contact Numbers: The bill of sale for car must specify the full legal names of both the buyer and the seller along with their complete contact information, including residential addresses, phone numbers, and email addresses, if any, so that both will be easily contacted whenever the vehicle sale has been completed and if there ever arises follow-up or legal clarifications regarding the vehicle.
This Includes the Make, Model, Year, and VIN of the Vehicle
In addition, it is also important for the form to accurately describe the vehicle being sold in further detail, including the make, model, model year, body style, color, and unique Vehicle Identification Number (VIN) – to verify the exact vehicle that is being sold by the buyer and prevent any possible disputes or confusion between the two parties over what vehicle is being sold.
Disclosure of Odometer Reading When Sold
In its last part the bill of sale form should include a clearly marked field for the current odometer reading when the sale closes; it may also include a legal statement that to the best of the seller’s knowledge, the mileage is true and has not been tampered with, since in some states this is required by law and this information is crucial in understanding a particular vehicle’s use and value.
Vehicle Purchase Price and Payment Terms
The form shall indicate the total purchase price that was agreed upon for the Vehicle both in numbers and words, and shall give the manner in which the payment was made, e.g. if the funds were paid in cash, via check, through bank transfer, or via financing that serves to clear the financial record of the transaction between the parties.
Date of Sale and Transfer of Ownership
This is used for legal and registration purposes, determining who is responsible for the vehicle at any given time.
“As-Is” Sale or Warranty Disclaimer
There should also be a section detailing whether the car is being sold “as-is,” which means that the seller isn’t providing a warranty and the buyer accepts the vehicle as it is — or whether the seller is offering any type of limited warranty on the car, such as covering certain parts or systems for a certain period of time, in which case the seller is protected from future liability and the buyer understands the terms of the sale.
Signature of Both Parties and Notarization
It must be signed by both the seller and the buyer to indicate that both parties are in accord regarding the terms of the sale, and in some jurisdictions, it even must be signed in front of a notary public so that this piece of paper is a legally binding document and valid for title transfer and registration at the DMV or relevant authority.
This can also be marked as Optional Section for Witness Signatures
Certain bill of sale templates also feature an optional section where a third-party witness can sign and print their name and contact information, or an area for outlying notes or agreements reached between buyer and seller; this is useful for having all aspects of the agreement available on a single official document.
