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Car bill of sale printable

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Car bill of sale printable is a sale contract between the seller and the buyer. This contract states all the agreement, terms and condition of transferring the piece of property (cars) from seller to buyer at certain date and location. It is not as simple as collecting the payment for seller and giving away the car and key to buyer. This transaction involves titling and name transferring to the legal document which is a bill of sale. Besides, this contract allows any party to avoid a potential lawsuit for breach of an oral agreement.

Download Car bill of sale for free

Different country has its own printable form, some of the country you can download it from World Wide Web easily. This could help you save up a lot of time and petrol to drive out from your house. Anyway, this bill of sale can be created by either the seller or the buyer. It usually states the agreed price for both parties (seller and buyer), the exact condition of the car such as the model, chassis number, year of manufactured, color, exterior, engine, modification, interior…etc of the vehicle, and also not to left out the important signature line and identity card number for both sides. Some country’s Department of Motor Vehicles (DMV) officer needs this simple contract before they can transfer the title or ownership of the car to new owner.

What exactly it is?

  • It is an agreement or a contract or a document that transfers ownership of a car from a seller to a buyer stated all terms and condition agreed by both parties.
  • A document confirms and proves the car is legal to use.
  • A document to prove the ownership of the car, and to prove is not a stolen car.
  • A need to obtain insurance for the vehicle.
  • A sales receipt for buyer after the payment has been made.

5 Reasons why it is important?

  • This document will help either seller or buyer to prove any case that recorded in the document if any problem arises later.
  • It serves as a proof that the buyer is the new owner of the car and he really bought the car and owns it legally.
  • It could be a document for accounting and income tax purposes either for personal tax or company tax.
  • It is a proof for seller that the car is not related to him anymore if the car has been use for illegal racing or illegal drive.
  • A document to for seller to diminish his liability risk and to avoid buyer’s regret.

Over the years, some car traders or seller have tried to falsely enter a lower sale price as they want to save money on the sales tax that they will have to pay to state. This reason makes several local DMV offices utilize a fair market value database for all vehicles, just like the Classic Car Blue book. The system will alert DMV if the sales price or the car is much lower than the market value. By the way, if a buyer really gets a very good bargain he will have to prove some written document and reason why the car is much more under market price. Usually the buyer will have to provide some information like an estimation of how much is needed for the body works, paint job, or a list of rebuild or repair cost to make the car nice.

The car bill of sale printable is not just important for car but it also an essential document for other vehicle buy and sell such as a motorcycle, an antique car, powerboat, a yacht or even cars under 500 dollars. In my opinion, buyer has to be more careful in making any purchase as buyer stands the right the check all information about the car. Off course buyer is the one who pay the money and he have to make sure he get the title, or else he will be really in trouble if he bought a stolen car. It might end up with no car and no money. In conclusion, the bill serves as an existence of a car transaction between the Buyer and the Seller.

An example of car bill of sale

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