Free Bill Of Sale Form For Car
Free Bill Of Sale Form For Car – A bill of sale is an important legal document used to record the details of a private transaction between you and another person or entity (“buyer” and “seller”) and serves as proof of purchase. This form is similar to a receipt or receipt, but can also contain additional terms, just like a purchase contract.
We offer fillable sales invoice templates for every property type and for every state in the United States. They are easily available for download via the links in the “Types” and “Status” sections below. You can also try our document generator and create a custom sales invoice step by step.
Free Bill Of Sale Form For Car
This article contains comprehensive guidance on many aspects of using sales forms. It includes basic terminology, a broad definition, a variety of standardized forms, and a detailed model completion process. If you want to know more about all the relevant aspects, please continue reading and watch our video guide below.
Free Bill Of Sale Forms (24)
If you are not interested in learning more about this form, you can jump right into the creation process by clicking the “Create My Document” button or by downloading one of our free fillable PDF templates and creating your own document.
A bill of sale is a fairly simple legal form that acts as a receipt and is used to document a sales transaction. It serves as proof that an item has been transferred from one party (seller) to another (buyer). A deed of sale contains all the necessary information about the sale and the condition of the personal property being sold and is commonly used in auto, motorcycle, jet ski and gun deals.
After completing the bill of sale, make sure both parties sign the form and keep a copy to protect the buyer and seller from legal claims by either party.
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A bill of sale may sometimes be referred to by its alternate names: bill of sale, certificate of payment, certificate of sale of vehicle, deed of transfer, certificate of sale for vehicle offers, bill of sale, or bill of sale.
As-Is: This term is used in most sales documents and indicates that the item was sold or purchased by a private individual in its current condition. From a legal point of view, it implies that the buyer acknowledges and accepts any defects or defects in the goods at the time of purchase and cannot use them against the seller in lawsuits. An as-is bill of sale also protects the seller from being forced to compensate for any defects even if discovered after purchase.
Gift: Legally defined as giving something to a “buyer” without expecting any compensation or monetary payment.
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Notary Public: A third-party official who has no interest in the transaction and can verify the authenticity of signatures for both the seller and the buyer.
Trade in: is a transaction in which the buyer offers a product to the seller in exchange for buying another product. The buyer’s item is considered equal in value or acts as a small discount to what the seller is offering. For example, a car owner may decide to “trade in” their used car at a slight discount to the dealer-owned vehicle or opt for a flat trade-in.
VIN: This is a Vehicle Identification Number, a 17-character code consisting of letters and numbers that serves as unique information to identify a vehicle. A VIN must be shown on every bill of sale form for a vehicle sale transaction.
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The content of the sales document can vary depending on the type of property you are selling. The main categories of property are vehicles, animals and personal property.
In addition to ownership, the content of this document may change if the buyer wishes to specify specific conditions regarding the method of payment or the object sold. You can learn more about this classification below.
The sale is absolute when the buyer pays the full amount during the transfer of the object and the warranty or conditions of ownership are not specified. Therefore, after the transaction, neither party owes each other anything.
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Example: If you buy a used vehicle “as is” and pay for it in full when the vehicle is delivered, the seller issues an absolute sale.
Any sales invoice form contained herein is deemed absolute unless you add specific instructions yourself, which can be done in any format we provide.
A deed of sale is called conditional if the seller includes certain conditions regarding payment or ownership of the object sold.
Free Printable Bill Of Sale Template
Example 1: You want to buy a used car and pay it in installments. In that case, you will have the right to own this car only if you pay each installment according to the conditions stated in the bill of sale. If you fail to meet these conditions, you may have the vehicle removed from your physical possession.
Example 2: You want to buy a kitten, but the seller will only give it to you when it is six months old. You can pre-fill a bill of sale with that condition and receive the kitten once the condition is met.
Anyone looking to buy or sell any personal property of significant monetary value should use a deed of sale, especially if you don’t know the transaction well (for example, when buying or selling online). This document provides a level of security for both sides of the transaction. Some of the uses for the sales invoice form are:
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There are times when it is not necessary to use a sales invoice or it is better to use another document. Such cases include the following:
Trading or selling shares. Selling a business is not the same as selling a car. It is usually much more complicated. Therefore, it is recommended to use a corporate purchase agreement. It is much more flexible and provides more protection for both parties. And for stocks, you can use the stock purchase contract format.
Selling real estate. Selling a house or apartment generally involves a lot of paperwork and a sale deed is not good for such a complex matter. In this case, it is better to create a property purchase agreement. This template covers most aspects of such sales and can be supplemented with numerous add-on modules if needed.
Free New Jersey Bill Of Sale Forms (5)
Cheap Stuff You can create a bill of sale for any personal property transaction, but for many people, selling a toaster oven or an old rug isn’t worth the extra paperwork.
It is essential that you provide accurate and complete details in the sales invoice so that it is completely valid and beneficial for both parties. As such, it will serve as a strong document to prove the transfer of ownership and as a reliable legal tool in the event of a dispute. Therefore, if you plan to prepare a sales invoice form yourself, it is recommended to include the following:
1) Data of the parties. First of all, you need to identify the parties to the transaction: the buyer and the seller. You must provide the full name and address of each person involved. Please note that there may be more than one buyer or seller if the item being sold is or will be owned by a subscriber. If needed, you should also enter email and phone numbers for easier communication in the future.
Free Bill Of Sale Form Templates
2) Property data. Identifying the property being sold is very important. If applicable, you must provide a detailed description of the item and its serial number. For a vehicle, this description includes, at a minimum, the make, model, year of manufacture, MVR (Motor Vehicle Report) including odometer readings, and Vehicle Identification Number (VIN).
3) Price and purchase method. The amount paid for the property and the method of payment must also be mentioned in the sales invoice. Any liens such as liens or loans on the vehicle title must be mentioned in the document. It’s also a good idea to mention whether or not sales tax is included in the purchase price.
4) Warranties and representations. If there are any warranties or representations from the seller, they must all be described in the bill of sale. If there is no warranty, the deed must state that the property is being sold “as is” and without warranty.
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5) Date and signature. After filling out the bill of sale, you must specify the date of the transaction and sign the document. The buyer’s signature is not required, but it is better for the buyer to sign the form as well.
In some states, including Louisiana, Nebraska, Maryland, New Hampshire, West Virginia and Montana, you must also have the document notarized.
Programs such as Microsoft Word, Adobe PDF, or OpenDocument Text can allow you to edit and print downloadable templates that you can use to create your own fill-in-the-blank sales invoice. You can download our free template in Adobe PDF or Microsoft Word (DOCX) format.
Free Free Virginia Vehicle Bill Of Sale Form Template
You can also create a custom sales invoice
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