Bill Of Sale Template Replace Option Field For Free

If your state doesn't provide a bill of sale, you can write one with key information about the vehicle and sale.

A bill of sale has been defined as a legal document made by the seller to a purchaser, reporting that on a specific date at a specific locality and for a particular sum of money or other value received, the seller sold to the purchaser a specific item of personal property, or parcel of real property of which he had

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.

Both the buyer and seller should receive copies of the bill of sale form. It's important for the buyer to keep the bill of sale with the title of the vehicle for registration and licensing purposes, if necessary. However, all parties should keep them for their own personal records.

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.

Date of vehicle sale. The seller's full name and address. The buyer's full name and address. Purchase amount. The vehicle's year, make and model. The vehicle identification number (VIN).

Sellers can draft a bill of sale on their own, but it's often helpful to use a template. While there are no universal formats or rules for what a bill of sale should look like, the document should include the names of the seller and buyer, a description of the item being sold, and the date of the sale.