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A Bill of Sale is a form a seller uses to document the sale of an item, such as a car, to a buyer. This form: • Is NOT a bill of sale.Other documents that are often used include a promissory note, an operating agreement, and the like. A total of not more than five subject properties and is: (A) A mortgagor;. (B) A grantor, as defined in ORS 86.705;. Vehicle Bill of Sale Form. Important information such as the debt amount, interest, late fees, and how payments will be distributed are detailed in this document.