A photo ID, such as a valid state driver’s licenseĪ bill of sale includes the following sections that you must complete: Seller and Buyer Information.The odometer disclosure statement (maybe a separate document or located on the title and bill of sale).If the seller can’t find the title, they can request a duplicate or replacement title from their local motor vehicle office. The seller must gather and provide various documents to complete the sale and transfer ownership to the buyer. They will also be able to see whether the car’s odometer has ever been rolled back when it was last inspected and whether it was classified as a “lemon” (a vehicle with a significant malfunction or defect that makes it unsafe to drive). The buyer can use the VIN to determine the car’s repair and ownership history. The front of the engine block under the hood.You can also find the VIN in the following places: This 17-character number is unique to every car and is listed on the automobile’s title or registration. Next, the buyer should get the motor vehicle’s vehicle identification number (VIN) from the seller. Step 2 – Obtain the Vehicle Identification Number (VIN) If the document does not have a warranty, the item is sold “as-is.” Therefore, the buyer must check the item thoroughly and ask any questions before the sale is completed and the form is signed. When a bill of sale includes a warranty, it must clearly explain what damage and repairs the guarantee covers and for how long. The vehicle bill of sale must include details of the parties, the vehicle, and the transaction terms. The parties should also discuss the payment method and whether the payment will be made upfront or in installments. Once the buyer and seller have agreed to the purchase and sale of a specific vehicle, they must negotiate the sale price and other terms of the agreement. Step 1 – Discuss the Terms of the Agreement How to Buy and Sell a Vehicleīuyers and sellers can follow these steps to buy and sell vehicles privately. Therefore, the seller may still be responsible for violations the purchaser commits after transferring the item (such as speeding tickets in the case of a vehicle). Bills of sale are essential to prove a cash sale took place, and they protect both the buyer and seller in case of a dispute.įor example, you cannot legally prove that an item was sold without a bill of sale to record the transaction. If you don’t use a bill of sale, you could encounter legal issues after selling an item.

Horse trailer bill of sale template