Bill Of Sale Insert Field Settings For Free

A bill of sale should, at a minimum, include information identifying the parties to the transaction (the buyer and seller), the total purchase price, and a specific description of the item that was sold.Sales of motor vehicles should also include the odometer reading at the time of the transfer between parties.

The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.

You should not sign anything before you get your money. If the buyer says the buyer would be back later with your money and you sign the title over to the buyer, you likely will never see your money...

Most states do not require a notary to witness the signing of a bill of sale. However, by law, a notary public must witness both parties signing the document in Louisiana, Nebraska, Maryland, New Hampshire, West Virginia, and Montana. Notaries are optional in other states.

After a vehicle is sold from one private party to another, the buyer can ask for their money back, but the seller generally does not have to agree to cancel the sale, absent a warranty or fraud.

In simple terms, a bill of sale agreement is nothing more than a contract for the purchase of a vehicle between a buyer and a seller.In most cases, the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place.

Yes, it is totally possible. Just make sure you have a Bill of Sale for legal reasons to protect both of you.HOWEVER, you will have to pay any sales taxes, etc due on the value of the vehicle, not the $1 sales price.