What are the main things that go on a Vehicle Bill of Sale?Ī Bill of Vehicle Sale should include the following information: Each party should keep a copy of the sale bill for their records. It is important that when creating a vehicle bill of sale, it should be signed by both parties. When do you need to use a Vehicle Bill of Sale?Īnyone who is buying or selling a vehicle requires to use a Vehicle Bill of Sale that provides legal protection to both the buyer and the seller. As a seller or a buyer, the vehicle bill of sale also helps you in accounting and taxation reporting.
It serves as one of the important documents that prevent the misunderstanding between the buyer and the seller and confirm the buyer’s ownership when trying to obtain auto insurance. Why do you need to use a Vehicle Bill of Sale?Ī Vehicle Bill of Sale shows that the buyer is a legal owner of the car. The vehicle bill of sale should include the date of sale, a description of the car, its mileage at the time of sale, the license plate number, the sales price, any warranty information, and the full names and addresses of both buyer and seller. Vehicle Bill of Sale What is a Vehicle Bill of Sale?Ī vehicle bill of sale is a legal document verifying that you have transferred ownership of your vehicle to another person.
