Carl Glendon

3 Things To Remember Before Signing A Motor Vehicle Bill Of Sale Form

You have to remember 3 important things before you sign a good motor vehicle bill of sale form.

When a car is being sold, you need to enter into a written agreement that is legally valid. This will help you show proof of the transfer of the car ownership and the payment that is made. Such a document should be in place, given that verbal agreements can result in disputes in the times to come and can ruin the warm relationship that exists between the buyer and the seller. You should keep these 3 important things in mind prior to signing a bill of sale template.

Responsibilities

In free printable bill of sale that can be found online, you will possibly be unable to find a document that is detailed enough to mention the responsibilities of both parties. When the responsibilities are detailed, the risks of conflicts are reduced as it commits to writing down each step of the transaction or vehicle transfer. There are many DMV requirements in states such as California that must be stated in your document, such as smog certification, tax, transfer fee required by DMV etc.

Personal Safety

The location of the transaction involving the automobile is an important one. While selling or buying a car from an unknown party, you should exercise caution regarding your own personal safety. Your Motor Vehicle Bill Of Sale, for this precise reason, should indicate where the transaction is supposed to happen. A safe place where the money transfer can safely be facilitated is the bank of the buyer or the seller. You need to be careful in case the other party tries changing the location of the delivery / transaction. Please visit this site to get a sample bill of sale in Georgia.

Liability

Liability is among the most essential aspects of auto bill of sale form. You can mostly find a basic version of a bill of sale form for automobiles on the web. But this does not make the transaction "AS-IS." Whether you are selling or buying, you should make it completely clear to the seller / buyer about your liability. Mention whether the vehicle transfer "AS-IS", where the customer takes all the responsibility of the vehicle - including information about any repairs in the present or future. Alternatively, you can mention whether you are going to attach a limited warranty to the vehicle sale.

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 vehicle bill of sale form blog. To learn more about drafting a bill of sale in Texas online, visit this website.