Charli Trundle January 9, 2020 Bill of Sale Examples
A Vehicle Bill of Sale is a legal document evidencing the detail of exchanged ownership of a vehicle. It establishes an `as is` assumption that the buyer accepts the purchase in its current condition. The bill details names and addresses of buyer and seller, date of sale, price, vehicle registration and other details.
Inaccurate information, such as an overstated sale price or a misrepresentation of the property being sold, can cause legal difficulties; incomplete information can cause problems too, which is why a properly drafted bill of sale form should include as much information as possible about the item(s) being sold and the terms of the sale.
A Bill of Sale is most commonly used as a legal contract when conveying ownership of a motor vehicle. Use the following instructions to coordinate a successful transfer as the Buyer or Seller.
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