If you’re planning to sell your car in a private deal, the car bill of sale form serves as a legal document to transfer the car ownership over to the buyer. At the end of this article, you can download and print out the bill of sale form. When filling out the form, remember to include key information about the vehicle, the seller, the buyer, and the sale. The form needs to be correctly filled out in order for it to be a legally binding document.
Important Information to Include
When you are ready to fill out the bill of sale, you need to gather important documents such as the title to the vehicle, the registration, the buyer’s license, and the seller’s license. You will need to include the following:
- Date of the sale
- Buyer’s information
- Seller’s information
- Year, make, and model of the vehicle
- Vehicle identification number (VIN)
- Current mileage
- License plate number
- Selling price
- Warranty information
- Signature of seller and buyer
Once you have completed your bill of sale and included all of this information, you will be ready to transfer the title.
Why You Need a Bill of Sale
The bill of sale is a document that shows that you have legally transferred ownership of the car to another person. Some states do not require this document, but it is a good idea to have one anyway. This document protects you because as soon as it is signed, you are no longer responsible if the car happens to be involved in an accident. If you are the buyer, the bill of sale is proof that you bought the car.
Depending on state, not all states require the bill of sale to be notarized. There are only a few states that require it, including:
- New Hampshire
- West Virginia
Although the remaining 44 states don’t require the bill of sale to be notarized, do take note that both the buyer and seller needs to sign on the bill of sale for it to be recognized as a legal document.
Selling Your Vehicle “As-Is”
Most private party sales include the phrase “as-is.” This is important because you are only claiming that you have the right to sell the car, and you are not guaranteeing anything concerning how it runs or how long the tires will last. This is very important because you don’t want the buyer to come back and sue you later because the tires need to be replaced.
The buyer should do due diligence and have a mechanic take a look at the car before making a decision to purchase it. In addition, you can check the VIN online. There are even services such as CarFax that will tell you if the car has been involved in an accident, among other things. It is wise to know what you are buying before you sign the contract, and having a mechanic take a look will give you peace of mind.