Carl Glendon

What Are The Main Components In A Car Bill Of Sale

If you are planning on selling your old vehicle legally and that too for the best possible sale price, it is imperative that you create a proper bill of sale (BOS) for the purpose. With a bill of sale handy, you will be able to garner maximum trust from prospective buyers that will be assured that your vehicle is worth the money you are charging and is also without any liens associated with the same.

These days, top legal websites offer free bill of sale download which makes the process even easier and cheaper in your part. However easy it may be, there are certain details that you need to take care of while creating your car BOS, so that nothing about the sale can be questioned under legal grounds later. Here are some of the main components in a car BOS that is imperative for you to mention at all times…

Basic Information -

This mainly includes the basic details of the vehicle in 'As Is' format. This means that the details listed in the bill of sale should comply with the current condition of your vehicle and not how it was at the time you purchased it brand new from the store. The details include…

• The type of the vehicle (SUV, MUV, Sedan, Hutch back etc)

• The brand and the model with year of manufacturing

• Year of purchase of the vehicle

• The miles it has done on the roads

• Details of servicing / repairs etc. conducted on the vehicle since purchase

If you take a look at sample bill of sale for vehicles that are easily available in legal websites, you will see that there are sections dedicated to all these details and more which makes the process of filling the forms very easy and error free.

Declarations -

Declarations are basically additional information that you need to provide pertaining to current ownership and usage history of the vehicle. They include declarations that…

• you are the legal owner with evidence

• there are no pending cases against the vehicle

• you have inspected the vehicle thoroughly before listing it for sale and determining the price

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 custom legal forms blog. To learn more about drafting a bill of sale in Iowa online, visit this website.