A Motor Vehicle Bill of Sale is required in most states in order to complete a transaction involving a motor vehicle. All Rights Reserved. To obtain details on a potential purchase, check out our page on vehicle history reports/VIN checks. A car bill of sale would be imperative when a vehicle owner is about to sell his vehicle to a buyer. Vehicle history reports reveal information about a vehicle's past, including details about: Before you even consider signing a bill of sale, you must make sure your purchase will be a good one. The DMV does not provide a bill of sale document but this form may be used to legally transfer the ownership of a vehicle from one (1) party to another. The bill comes in handy to the buyer for different reasons like proof to the bank that may have offered him car loan and for certain provisions at work. Some states require that a Motor Vehicle Bill of Sale be notarized, make sure to check with your respective state. This form will … Depending on the state you live in, your state's motor vehicle department may require you to obtain a bill of sale (see list below) OR it may be optional. Word. Motor vehicle bill of sale. Standard motor vehicle bill of sale. As a buyer, you should NEVER go into a sale without educating yourself about your potential purchase. for which bill of sale is necessary. As we have also previously said that bill of sale is a document which is used as a legal proof and signifies that the transfer of goods or property has been taken place from one owner to the buyer , the thing which is being transferred can be anything like vehicle , any property ( house , plots , restaurant etc. ) Such bill mostly includes information on the seller, the buyer and of course the vehicle. While selling a car, the seller is required to present a proper car bill of sale to the buyer. Create a high quality document online now! The undersigned buyer accepts receipt of this Bill of Sale and understands that the above vehicle is sold in “as is” condition with no guarantees or warranties ... resource guide, auto buying, autos, cars, car-buying, consumer, dealer, auto, car, survival guide, auto buyer's survival guide,sale, purchase, bill of sale… It is also referred to as a receipt of purchase and shall include the vehicle information (including the VIN number), sale price, date of sale, and the names/signatures of both buyer and seller. The motor vehicle bill of sale form may be used as proof to your local Department of Motor Vehicles (DMV) that a sale occurred. Transferee (Buyer) PLEASE PRINT. Many states require a state-specific bill of sale form. If you neglect to learn about a vehicle's history prior to buying, you could get stuck with a lemon that will drain your money and time for years. After reading the topic, you must be wondering what is Ontario?. BILL OF SALE VEHICLE INFORMATION Make: _____ Model: _____ Year: _____ Style: _____ Color: _____ VIN# _____ The look of a Private Party Bill of Sale varies by state because private party car sales are regulated by state motor vehicle agencies. The Illinois Motor Vehicle Bill of Sale is a legal document that is utilized between to parties to establish the sale and purchase of a motor vehicle.This document will provide proof of the details of the sale, change of ownership and any known defects. Regardless of it being required or not, a bill of sale can be an important part of any vehicle transaction for both the buyer and the seller. Names/Addresses/Signatures of both Buyer and Seller. Whether you are the seller or the buyer of the vehicle, you should never walk away from the transaction without a copy of the bill of sale. It has also been described as a “what you see is what you get” transaction with no promises made by the seller to a buyer about the item’s durability. Download Share. More templates like this. For purposes of selling your vehicle privately, the seller of a motor vehicle may draft his/her own bill of sale as long as it contains the following information: . The county and state in which the vehicle was sold. Parties: Seller (please print): Buyer (please print): Purchase Price: The buyer agrees to pay $ to the seller in exchange for the possession and ownership of the following described motor vehicle: Year Make Model Vehicle Identification Number Body Type Color A description of the vehicle and its vehicle identification number (VIN). This document is often used for “Second Hand Goods” and is signed by both buyer and seller. In a private party sale, you are also required to either provide or receive the form to complete the purchase. acknowledge receipt of payment from and do hereby sell and . Year . For used cars, you will need to compose a description of the vehicle sufficient to identify it, including a vehicle’s make, model, color, year, body type, and its vehicle identification number. 2. It’s an important document especially in the private market by individuals and used car sales. This form is legally required to facilitate the transfer of possession and to register the vehicle. Title – A new Certificate of Title will be issued and sent to the Owner within 30 days. The purchaser’s signature in section 3 is optional must complete sections 1, 2 (when applicable) & 3). As a buyer, BE SMART.Don't get saddled with a lemon. BILL OF SALE* DATE OF SALE (MO/DAY/YEAR) I, in consideration of the payment of the sum of $ Transferor (Seller) PLEASE PRINT. Any warranty that may have been agreed upon. In order to properly register a vehicle, the following documents and fee(s) will need to be taken to a DMV Office Location: 1. 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