Carl Glendon

The Importance Of Bill Of Sale Document While Buying A Used Vehicle

Have you made up your mind to buy a second hand vehicle for everyday use? Be it a car or a bike or a scooter, some paperwork would be mandatory, no matter how easy the whole process is. Yes, the bill of sale receipt is extremely important to make the vehicle registered with DMV (Department of Motor Vehicles). So, what are you waiting for? If not by yourself, you can also seek the professional assistance of an attorney to go ahead with this process in a hassle free manner.

Acting as a confirmation of an agreement and is legally obligatory, a general bill of sale is basically an essential document that records a transaction between buyers and sellers. Also, this piece of paper is required for taxation and accounting processes as well. The bill of sale paper can act as a proof anytime you face an issue with the ownership of the vehicle you have bought.

Here are some of the pointers that prove the importance of a free printable bill of sale related to a vehicle.

• Through this written agreement, the auto owner assigns or transfers the rights of the vehicle to the buyer. It acts as a necessary document that defines and establishes buyer's proof of ownership when trying to obtain auto insurance or prove ownership. It records necessary information, including date of sale, the details of the vehicle, prices, signatures of both parties and much more.

• The buyers who buy the used vehicles should not forget about registering the vehicle with the vehicle bill of sale, including all information that is verified and correct.

• A motor vehicle bill of sale is also important as it contains all the important detailed clauses that need to be included in order to make the sale legal. As a buyer, you should insist the seller to create a bill of sale to make the transaction legal. To make the transaction more reliable and professional, a buyer can also hire a lawyer to get required legal advice on this aspect.

• The original bill of sale must be provided to the DMV with the other valid proofs of ownership required when purchasing a tag.

• The bill of sale can also be notarized or signed by a witness if required. Also, both the parties can keep copies of the bill of sale, for record keeping purposes.

To learn more about drafting a bill of sale PDF online, visit this website.

Author Resource:-

Carl writes often about online legal drafting like affidavit, bill of sale and release/ waiver agreement to help the people. For more information about getting a vehicle bill of sale in Arkansas and car bill of sale in TN, please visit this website.