This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
Utah Bill Of Sale In Consideration Of Example With Explanation
State:
Utah
Control #:
UT-00431-C
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Utah Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
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FAQ
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.
In legal terms, consideration refers to something of value that is given or promised in exchange for something else. In real estate, consideration might be the money paid for a property, or the promise to perform certain tasks or obligations in a contract.
The bill of sale should contain: name and address of the buyer; name, address and signature of the seller; complete vehicle description, including the Vehicle Identification Number (VIN); description of trade-in, if any; purchase price of the vehicle; trade-in allowance, if applicable; and. net purchase price.
While some states require bills of sale to be witnessed by a notary public, in Utah, two private parties can sign a valid bill of sale on their own. In general, a bill of sale is not a complicated legal document. You can use online services to create a perfectly usable bill of sale or draft one yourself.