Bill of Sale

The Basics

When you buy or sell a car, boat, motorcycle, or any other big-ticket item as a private party, it's a good idea to complete a bill of sale and make sure that both parties have a copy of this important document.

More Details

A bill of sale is a legal document that is like a sales receipt which shows the transfer of ownership from the seller to the buyer. It shows the contact information for both the buyer and seller, details about the item sold, the selling price, and, if applicable, the odometer reading. Both parties will sign and date the document, as well.

The bill of sale should also indicate that the vehicle was sold in "as is condition," with no guarantees or warrantees unless you have made such arrangements.

It is important to be able to show proof of sale when you are trying to get a clear title and register your vehicle, and completing a bill of sale does just that.

Generic Bill of Sale

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