This Bill of Sale of Automobile contains the following information: the make/model of the car, VIN number and other information. Seller guarantees that the property is his/her own and is free of all claims and offsets of any kind. The form also contains the Odometer Disclosure Statement required by Federal Law and State Law, where applicable, which must be signed in the presence of a notary public.
Bill Of Sale For An Automobile With A Promissory Note
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Sales Agreement: Outline the terms of a sales transaction, including a detailed payment plan and warranties. Typically, you and the buyer can go to the local DMV and complete the necessary paperwork together.A bill of sale can also be used as an element of a loan. View Notes - bill-of-sale-and-promissory-note-auto from PMP 111 at Rio Salado Community College. Balance due as stated in the promissory note attached to this Bill of Sale. III. Liens and Encumbrances. You may associate bills of sale with used vehicles, but you can use this document for a variety of items. SELLER. I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing is true and correct. The benefit of using a motor vehicle bill of sale template is that the fields included in your premade template are all specific to car sales. When a bill of sale is used, a purchase agreement is also used in most cases.