This is a bill of sale of an automobile. The seller(s) guarantees that the automobile is his/her/their property and is free of all claims and offsets of any kind. The bill of sale also states that the automobile is sold "as-is".
Alabama Vehicle Bill Of Sale With Promissory Note Template
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How to fill out Alabama Bill Of Sale Of Automobile And Odometer Statement For As-Is Sale?
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FAQ
Bills of sales usually require the following information: Date of purchase. Contact information for buyer and seller. Description of property being sold. Sale amount. Information about lien status. Terms and conditions.
Information contained in a basic vehicle promissory note should include: The amount of the loan. How payment will be made. What the interest rate will be. What the payment schedule will be. What the grace period on payments is, if any. What defaulting and missed payment penalties will be.
At its most basic, a promissory note should include the following things: Date. Name of the lender and borrower. Loan amount. Whether the loan is secured or unsecured. If it's secured with collateral: What is the collateral? ... Payment amount and frequency. Payment due date. Whether the loan has a cosigner, and if so, who.
A promissory note can be used for different types of loans such as a mortgage, student loan, car loan, business loan or personal loan.
You can write your own bill of sale in Alabama as long as you meet the minimum requirements set by the state for including information about the sales transaction.