Alabama Automobile Bill Of Sale Without Consideration
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How to fill out Alabama Automobile Bill Of Sale Without Consideration?
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FAQ
In Alabama, it's not necessary to notarize a bill of sale, but some counties may ask you to. Typically, you can either: Notarize it. Have two witnesses.
How to Get a Bill of Salethe cost of vehicle purchase.your full name and address.the buyer's full name and address.the vehicle's year, make, model, identification number and mileage.acknowledgement of any liens held on the vehicle.the date of sale.
A bill of sale is required on all motor vehicles purchased or transferred in the state, including those that are not required to be titled under the Alabama Uniform Certificate of Title and Antitheft Act.
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. For instance, if the buyer purchases a car for $20,000 from the seller, the consideration is $20,000.
If the bill of sale is only to be exchanged between the buyer and the seller, it can be written in any language as long as each party thoroughly understands their copy of the document.