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The bill of sale is typically delivered as an ancillary document in an asset purchase to transfer title to tangible personal property. It does not cover intangible property (such as intellectual property rights or contract rights) or real property.
A retail installment sale is a transaction between you and a dealer to purchase a vehicle where, you agree to pay the dealer over time, paying both the value of the vehicle plus interest. A dealer can sell the retail installment contract to a lender or other party.
A retail installment contract is created when a customer agrees to buy goods through installment payments. Retail installment contracts are closed-end transactions for purposes of the Truth in Lending Act.
A retail installment sales contract agreement is slightly different from a loan. Both are ways for you to obtain a vehicle by agreeing to make payments over time. In both, you are generally bound to the agreement after signing.
The sales agreement comes before the sale. The bill of sale and the invoice come when you close the deal. The invoice is a bill.