Essentially the most common use for any Bill of Sale is always to document the transfer of ownership of a vehicle, car, or automobile in the seller for the purchaser . Even though a auto bill of sale will be the most typically needed bill of sale form, you would generally use 1 for any significant transaction (e.g. > $500). Our cost-free bill of sale template is designed for the sale of a car or truck or vehicle. For other sorts of sales, you could need to try our cash receipt template.
A Bill of Sale kind is a easy legal document that transfers ownership or title of an asset from a Seller to a Buyer2. It acts as a sales receipt and supplies some legal protection for each the purchaser as well as the seller. It really is particularly valuable for stopping disputes, but if a legal dispute does arise, the bill of sale is often employed as proof in court.
Automobiles, boats, planes, and other assets may well involve the use of a Title: a formal legal document that is definitely employed to show proof of ownership.
In most circumstances, you’ll need to do more than total a auto bill of sale to transfer ownership of a car. Your state will probably have particular needs for ways to handle the license plates, transfer with the Title, and ways to report the transfer for the state DMV and/or Tax Commission. See your state’s DMV web site for information.
Free Printable Motor Vehicle Bill of Sale Form – download