Used Car Bill of Sale Form Template [Word Editable]

A Used Car Bill of Sale is a legal document that documents the sale and transfer of a used car owned by the seller to the buyer. It is a document that is evidence of the purchase, and the two parties have a written record of the purchase. This document normally contains the buyer and the seller’s information, the car’s make and model, the year of manufacture, VIN, the car mileage, and the price it was purchased at.

Related Products:

• DMV Bill of Sale
• Boat Bill of Sale
• Automobile Bill of Sale
• Trailer Bill of Sale

The presence of a bill of sale will safeguard both parties. To the seller, it disposes of responsibility when the car is out of its possession. To the buyer, it gives a legal document of ownership and assists with registration, insurance, and transfer of title. Although not required by law in all states, it is worthwhile to print a Used Car Bill of Sale to be sure.

Printable Used Car Bill of Sale Form Template [Word Editable]

With an official document of the transaction, a properly completed Used Car Bill of Sale makes it easier to register the vehicle, file taxes, and file insurance claims. It creates transparency and certainty between the buyer and seller, and transfers are lawful. This will be a permanent document to avoid misunderstanding and provide protection in case of future disagreements that will protect the rights and duties of the two parties involved.

Key Points of a Used Car Bill of Sale:

1. Buyer / Seller Information– It includes names, addresses, driver’s license numbers, and other contact information of both parties, and ownership transfer becomes evident.
2. Transaction Date– This captures the actual date of sale, which is imperative in verifying ownership, tax, and liability.
3. Vehicle Description- This is a description that includes the make, model, year, color, VIN (Vehicle Identification Number), a nd the car’s odometer reading.
4. Purchase Price and Method of payment– gives the price of the purchase as agreed upon, and the mode used by the buyer to settle the price, cash, certified check, or financing.
5. Condition of the Vehicle- Explains that the car is being sold as-is and without warranty, and disclosure (such as a history of accidents) is included.
6. Title and Registration Transfer- Affirms the seller’s right to grant the title to the buyer of the vehicle and follow the state registration process.
7. Odometer Disclosure Statement – This contains a mileage certification, which can be mandatory by law in most cases, to avoid fraud or misinterpretations.
8. Liability Release Clause– It insures the seller against accidents, tickets, or claims that transpire after the date of sale.
9. Taxes and fees obligation- This is who will pay the tax, registration, transfer fee, or any other charges.
10. Signatures & Notarization (Should be required):  This also requires the signatures of both the buyer and seller, and in some states, notarization provides the additional protection of law.