The bill of sale refers to a sale document. It is used for selling assets like a car or an automobile. Here, it is essential that the buyer who is purchasing a car or any other asset from a seller, should ensure that the bill of sale is completed in all respects. This means that both the buyer and the seller should properly sign the documents related to the sale of the car and its transactions.
Creating Bill of Sale for Car
This bill of sale is nothing but a document, which confirms that the seller who intends to sell his/her car needs to provide all the basic information about the vehicle. Besides, he /she should include the terms for sale. It may be noted here that not all the states in the US need this. However, in general, for any person who wishes to sell his/her car, it is a good idea to create one such bill for sale form. By doing this exercise, it can avoid creating misunderstandings between the seller and the buyer.
Finding out a bill of sale form is essential in that particular state where he/she lives. If that is not available, a person can write down this bill of sale form by giving the details of the car and terms of sale.
Finding the State’s bill of sale of car form
It may be possible to find the bill of sale of car form from the website of any US state’s motor vehicle department. This can be downloaded and the details can be filled in. A person can also search online for automobile bill of sale form, including the name of the state for which it is prescribed. Now, the person can choose the one that is prescribed from the state’s motor vehicle department where he/she lives. It is possible to find the web address representing California’s Department of Motor Vehicles. This web address will give the bill of sale form, which can be downloaded.
A person has to check requirements of this bill of sale while browsing the bill of sale form on the web. The user should note that a few states insist that the bill of sale should be notarized. Accordingly, the bill of sale of car should be duly stamped by a notary public.
Writing a bill of sale of car
If there is no downloadable vehicle bill of sale of form in the state where he/she lives, then it might be possible to find a free online template on the web. A person can write such bill of sale form on a plain sheet of paper and use it.
Components of a bill of sale form consists of date of sale, description of the car including year, make and model, identification number, license plate number. It should contain the selling price of the car, and information about warranty.
It should contain full names, addresses and signatures of the buyer and seller. Information should be indicated clearly and accurately.