Utah Bill Of Sale In Consideration Of Example With Cash
Description
How to fill out Utah Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
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FAQ
Anyone can create and present a bill of sale. While some states require bills of sale to be witnessed by a notary public, in Utah, two private parties can sign a valid bill of sale on their own. In general, a bill of sale is not a complicated legal document.
The bill of sale should contain: name and address of the buyer; name, address and signature of the seller; complete vehicle description, including the Vehicle Identification Number (VIN); description of trade-in, if any; purchase price of the vehicle; trade-in allowance, if applicable; and. net purchase price.
As long as the current title of record is a Utah title, the majority of person to person title transfers can be started online. Customers need to upload images of their original ownership documentation online to start the application process and obtain a permit if desired.
The consideration is the value that the buyer transfers to the seller. Or, simply put and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item.