What is a Bill of Sale Form for a Car?
A Bill of Sale Form is filled during the sale and purchase of a used motor vehicle. This trade between the buyer and the seller needs to be recorded for proof, security, and transferring the ownership of the vehicle.
Therefore, the Bill of Sale Form comes to the rescue. It acts as a receipt of purchase of the motor vehicle being traded. It works as proof of the transaction that has taken place between the buyer and the seller.
Information required on a Bill of Sale Form for Car
A typical Bill of Sale Form for a motor vehicle primarily contains the buyer’s and seller’s details along with the amount at which the deal was finalized.
The form contains the details of the sale that occurred like the date of the sale, the amount paid in exchange for the motor vehicle, and so on.
Basic details required on the form:
- Buyer’s name and address
- Seller’s name and address
- Date of Sale Vehicle Identification Number
- Vehicle Description including the year, model, style, color, etc.
- Purchase Price Warranty Details
How to Fill Out a Bill of Sale Form for Car
A Bill of Sale Form for Car is a rather simple form. It requires some basic details that would typically be filled in a receipt of purchase. It can be filled online as well as offline based on the convenience of the buyer and the seller.
Since digitally filled documents and e-signatures are legally permissible, it will be quite convenient to download the form from an authorized website and use it for the purpose.
A standard Bill of Sale Form for cars looks like the one mentioned below.
- If the form is downloaded, fill in the blank spaces with the relevant details.
- Start by filling out the seller’s details such as the name, detailed contact information, complete address, and Personal Identification Number.
- In the next section, state the vehicle details such as the year of manufacturing, the make & model or series, style, the body color, odometer reading, and the VIN (Vehicle Identification Number) of the vehicle.
- Move on to the buyer’s information section. Fill in the name, detailed contact information, complete address, and Personal Identification Number.
- The next information is a crucial one as it mentions the sum of money that the vehicle was sold for.
- Under the section ‘General Information’, write the date and place where the sale took place.
- To seal the deal, write the names of the buyer, seller, and the witness to the deed. Have all the parties sign the document against their names.
- In the next and last section of the form, the form asks for details such as special conditions of the sale, mode of payment, vehicle registration date and place, and payment conditions.
- Once you have filled in all these details, you are good to go.
You now have a complete Bill of Sale (for motor vehicle) Form which can be treated as proof of sale and transfer of ownership. It is always suggested that you keep a copy of the Bill of Sale Form for yourself.
What is the Bill of Sale Form Used for?
The Bill of Sale Form for a Motor Vehicle is used as proof of the transaction that took place between the buyer and the seller. Since motor vehicles are registered under their owners’ names, this form can be used to transfer the vehicle’s ownership and can temporarily serve as the vehicle papers.
The form could have legal implications and it should always have the correct information on it. Therefore, cautiousness while filling it out is advised.