Carl Glendon

What Should Be There In A Bill Of Sale Form?

A bill of sale happens to be a document that verified whether you have sold your vehicle and offers basic details about the car and the sale terms. It is not mandatory in every state. Having such a document can help avoid misunderstandings between buyers and sellers. A bill of sale template for a car needs to include the following types of details:

Date

It should make a mention of the date on which the car was sold. This is essential, so that it can be used to find out at a later time when the transaction actually took place.

Description

The form should also comprise of a description of the vehicle being transacted. The information included should consist of details about the model, make, year, License plate number, Current mileage, Vehicle identification number and more. Basically, a complete description of the vehicle should be included.

Sales price

The blank bill of sale form should also make a mention of the car's selling price. In case the car was a partial or a complete gift, a bill of sale should still be created. It should indicate that the car is a total or partial gift. It also needs to make a mention of the reduced cost, in case there was any money involved in the transaction of the car.

Warranty information

Most of the private party sales are taken to be "as is," which means that there is an absence of warranty. However, in case you have a varied agreement, you need to include it in your bill of sale form.

Names and signatures

The printable bill of sale should include the seller's as well as the buyer's full names, signatures and addresses. There should be a mention above the signature that the details being offered are accurate. It usually reads that the statements being included are proper and true to the best of the belief and knowledge of the parties, as declared under the penalty of perjury. Please visit this site to get a Tennessee bill of sale.

After the blanks are filled in and the document is completed, the seller as well as the buyer needs to get a copy each.

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 Pennsylvania online, visit this website.