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How To Write A Proper Vehicle Bill Of Sale?
It is important to know how you can write a proper vehicle bill of sale before you sell a car.
A Vehicle Sale Bill is important for any vehicle sale transaction in the US. This is due to the reason that these agreements are written proofs of a transaction of vehicles between the seller and the buyer, location of the sale, mode of payments and ownership transfer. This type of an agreement is also important for tax determination by the legal tax authorities. Written evidences are also demanded by courts of law for settling any disputes.
Find out how to write a bill of sale for vehicles in a proper way.
Date and time
You should write down the time and date of the agreement, so that there is a proper understanding of when the document was created.
Write down the contact details of the seller as well as the buyer. Courts of law need to contact both parties in case of disputes, and use the auto bill of sale form as reference.
You should write down about the model no, make, color and mileage of the car, along with its location, Identification number, Registration number and more.
Mode of Payment
The document should also mention which payment mode will be used by the buyer for paying for the vehicle, such as cash, bank wire transfer or check or any other option. The payment option must be one that the seller and the buyer mutually agrees on, as indicated by their signatures. For more information about getting a bill of sale in Utah, please visit this website.
The automobile bill of sale agreement should mention about the actual ownership of the owner who originally owned the car.
You should also mention information about Guarantee and Warranty on the vehicle, any equipment that is transferred with the car at the time of sale etc.
It should also have the signature of both parties.
The bill of sale might also be notarized in order to record, and can also be produced as legal evidence in a court of law for settling any disputes. In case you are the one selling a vehicle, you may download and print a printable bill of sale form from the internet, print the same and enter into a proper agreement with a buyer.
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 bill of sale forms blog. Please visit this site to get a sample bill of sale in NM.
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