Atv Bill Of Sale Template
Where to Use the Bill of Car Sale
When you are buying a used automobile, always ask for a bill of sale. This is a document that contains data about the seller and buyer, amount of payment, and all the necessary information about the vehicle. Basically, the paper certifies that the acquisition took place and reveals the details. Buyers and sellers can further used them as an invoice for a tax return. The document can also help resolve some legal issues. For example, if a road accident occurs the seller can prove with the help of the doc, the car is no longer in his possession and will skip paying fines.
The document is mandatory in a range of states, while others choose to leave it optional. However, double-check, depending on what kind of vehicle is negotiated. Several American states require the relevant doc in relation to all types of vehicles, while the others on motorbikes only.
What Data Do I Need to Insert in the Bill of Car Sale?
The template is available both on paper and online. You can always fill it out and sign digitally. In both options provide the following information:
- Personal information about the parties.
- Information about the vehicle, as a make, color, year of release, etc
- The sum of purchase.
- Peculiarities of the agreement, including special terms and conditions.
- Signatures of both parties.
When the bill of car sale is ready, each signer of the contract should keep a copy of the document. In case some legal procedures start, it's essential to have one's own copy.