What Makes A Vehicle Bill Of Sale Form Important?

A vehicle bill of sale is important when it comes to buying or selling a used car. For sellers, this type of form acts as a proof that there has been legal transfer of the title of the used vehicle. For customers, it documents the purchase of a used vehicle. Find out what makes this type of form so important.

Contains all the important details

Any car or ATV bill of sale form contains the address, name and signature of customers as well as sellers of used cars. There is full description of vehicles, including information about the cars. It comprises of Vehicle Identification Number (VIN). There is description of the amount of money that the car is being purchased in and any trade-in that is part of the process.

Important for used car purchase registration

Many states need these forms for the registration of newly bought used vehicle. Such types of states generally need an auto bill of sale form that is particular to the state, and the form documents particular information – like the price of purchase for tax assessment. These forms are used to obtain the real odometer / mileage reading of the used car. Please visit this site to get a sample bill of sale in NC.

Serve as tangible proof

This type of form serves as a tangible proof, and is an affirmation of the transaction carried out in a legal way. It shows that both parties have their consent to the transaction. It is easy to find and download car bill of sale template from the internet and fill it up without the need of a lawyer.

Author Resource:-

Carl writes often about online legal drafting like affidavit, bill of sale and release/ waiver agreement to help the people. You can find his thoughts at bill of sale forms blog.

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