Utah Bill Of Sale With Down Payment

State:
Utah
Control #:
UT-00431-C
Format:
Word; 
Rich Text
Instant download

Description

The Utah Bill of Sale with Down Payment is an essential document used to facilitate the sale and transfer of a motor vehicle in the state of Utah. This form includes critical sections for purchase details, including the total purchase price, down payment amount, and vehicle specifics such as make, model, and VIN. It ensures both the seller and buyer agree on the transaction terms and acknowledges the seller's right to sell the vehicle, free of encumbrances, except for any liens that may apply. Users must fill in details completely, including signatures from both parties and notarization to validate the sale. The form is particularly useful for legal professionals such as attorneys, paralegals, and legal assistants, simplifying the documentation process for clients involved in vehicle transactions. Additionally, it accommodates instances where financing is involved, providing legal clarity around promissory notes and securing interests. This form serves as a protective measure for both buyers and sellers, ensuring compliance with state laws and giving peace of mind in vehicle sales.
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  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note

How to fill out Utah Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?

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FAQ

A Bill of Sale typically includes:The full names and contact information of the buyer and seller.A statement that transfers ownership of the item from the seller to the buyer.A complete description of the item being purchased.A clause indicating the item is sold "as-is"The item's price (including sales tax)More items...

Utah Bill of Sale Requirements While drafting a bill of sale is good standard practice for the purchase of many big-ticket items, they are required for the purchase of boats or motor vehicles in the state of Utah. You can use the form the state of Utah provides (Form TC-843), or you can draft your own.

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.

A Utah bill of sale is not required to register a motor vehicle. It is primarily used as a personal record. However, the Utah State Tax Commission provides a bill of sale form for your use. You must have a properly assigned title to register a car in the State of Utah.

Utah Boat Bill of SaleVessel bills of sale are required to be notarized by a notary public and include statements from the seller about the vessel's condition, details about the machine specifics of the vessel, and proof of payment for registration fees.

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Utah Bill Of Sale With Down Payment