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.
Bill Of Sale Virginia With Down Payment
State:
Virginia
Control #:
VA-00431-C
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Virginia Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
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FAQ
Unlike many other states, Virginia does not require a bill of sale to sell your car. That being said, a bill of sale is a legal record that proves the transaction was carried out. Therefore, it's suggested that a bill of sale is created for the benefit of both the buyer and the seller.
A Bill of Sale typically includes:The full names and contact information of the buyer and seller.A statement that transfers ownership of the item from the seller to the buyer.A complete description of the item being purchased.A clause indicating the item is sold "as-is"The item's price (including sales tax)More items...
Bills of sale in Virginia, which can be drafted by hand if necessary, do not need to be notarized....1. Virginia Vehicle Bill of SaleThe names, contact information, and signatures of the buyer and seller.A full description of the vehicle.The vehicle identification number or VIN.The sales price.The purchase date.
The bill of sale can be a handwritten statement signed by the seller and purchaser or a Vehicle Price Certification (Bill of Sale) (SUT 1) signed by the seller or purchaser. Vehicles that have been owned for 12 months or more do not need proof of the purchase price.
Bills of sale in Virginia, which can be drafted by hand if necessary, do not need to be notarized. However, each document should feature the following information in order to serve its purpose: The names, contact information, and signatures of the buyer and seller.
Interesting Questions
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Sometimes, a buyer may also be willing to pay a little extra for the home if the seller agrees to pay more for the closing costs. Refinance a nonVA loan into a VAbacked loan.2-1530 - Buyer's Order A. Every motor vehicle dealer shall complete, in duplicate, a buyer's order for each sale or exchange of a motor vehicle. Purchasing something "as is" is a legal term meaning "with all issues known and unknown. Once those three years are up, though, you can sell the home and earn full equity for the sale. The seller may also require and receive a large cash down payment.