Bill Sale Form

For example, many states require that a vehicle bill of sale include an odometer reading; some states require it to be notarized. Both parties can sign a bill of sale but, in many instances, only the seller needs to sign it. Things can get complicated when a bill of sale is provided as security for a loan.

While a Bill of Sale is legally not required for selling a vehicle in the state of Colorado, it's a good idea to create one for both you and the buyer. The Bill of Sale can be helpful if problems arise when the buyer goes to transfer the title or register the vehicle in their name.

Get a signed and dated bill of sale from the seller. It will need to include your name, the purchase price, the VIN, and the year and make of the vehicle. You'll then need to take these documents, proper identification and proof of insurance to your local DMV office.

A bill of sale is a legal document that records the transfer of ownership of an asset to a second party in exchange for money.It protects both the buyer and the seller, should disagreements arise in the future.

Louisiana. Maryland. Nebraska. New Hampshire. West Virginia. Montana.

Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.

Both the buyer and seller should receive copies of the bill of sale form. It's important for the buyer to keep the bill of sale with the title of the vehicle for registration and licensing purposes, if necessary. However, all parties should keep them for their own personal records.

The bill of sale, as a rule, is drafted by the seller and includes the details of the transaction. It protects both the buyer and the seller, should disagreements arise in the future.

While a Bill of Sale is legally not required for selling a vehicle in the state of Colorado, it's a good idea to create one for both you and the buyer. The Bill of Sale can be helpful if problems arise when the buyer goes to transfer the title or register the vehicle in their name.