The Printable Basic Bill of Sale Blank Form Template can be used to document a sale of any type of item between two parties. This is a simple blank form is typically saved as a receipt to keep documentation of the transaction. This form is provided in Microsoft Word format. Otherwise called a sale bill, these are usually used to protect the seller against claims of performance, liability or warranty when selling an item of value. When creating your printable bill of sale using the online software, the form develops right before your eyes as you enter more and more information. If you’re selling an item where there is a possibility of buyer complications such as with a vehicle that doesn’t run or a product with known defects, you can eliminate much of your risk by disclosing the shortcomings of your item and by using a legal form that documents the details and terms of purchase. ![]() ![]() Create Document A bill of sale, also referred to as a “purchase and sale”, is a document that establishes the details of a transaction between two (2) parties, Buyer and Seller. The form is usually very simple stating the financial terms of the agreement followed by signature of the seller (buyer’s signature may not be required). All of those templates are created in Microsoft Word but some of them are already converted in Openoffice/Libreoffice Writer format. Because of its compatibility, you can open any of those MS Word templates in Openoffice/Libreoffice platform. Vehicle Bill of Sale Templates There are 3 templates that you can. The monetary funds (such as cash or certified check) should exchange hands at the time of purchase (which should also be dated in the bill of sale). By State • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • By Type • • • • • • • • • • • • • • • • • • • • • Table of Contents • • • • • • • How to Buy or Sell a Vehicle (Privately) A Bill of Sale is most commonly used as a legal contract when conveying ownership of a motor vehicle. Use the following instructions to coordinate a successful transfer as the Buyer or Seller. Step 1 – Negotiate the Terms Once you have decided whether to buy or sell a specific vehicle, you will need to enter the terms of the agreement. If the vehicle is being sold for cash, the entire amount will be due at the time of sale. Any financing will have to be done prior with a local bank or credit union. If the vehicle is being sold for cash and trade, both vehicles and the terms of the transaction must be stated (common for vehicles purchased from dealers). Step 2 – Vehicle Identification Number (VIN) The Buyer should obtain the Vehicle Identification Number (VIN) of the motor vehicle. This number is unique to every automobile, consisting of 17 characters. ![]() It’s usually located on the driver’s side windshield or inside where the door meets the vehicle. If you are unable to find the VIN number, you can always find it on the vehicle’s Title or Registration. When obtaining this number, you can see all the repairs that were ever done during its existence including car accidents, water damage, and ownership history. • – Get a detailed report for $39.99. ![]() • – Get a limited free report. Private Inspection – Remember, only damage that gets reported to an insurance company gets mentioned in a VIN lookup. Therefore it is recommended to have a third (3rd) party mechanic inspect a vehicle to ensure it is in proper working condition. Step 3 – Gather Vehicle Documents Title and Registration – In order to complete the sale, the Seller must provide the Title and Registration to the vehicle. If the vehicle’s Title is missing, you can request a new Title from a DMV office which can take about 10 to 14 business days to obtain. • • Vehicle Bill of Sale – The legal contract between a Buyer and Seller that details a transaction between the parties. The form should only be signed by the Seller when the funds have been transferred in-person or by via a bank transfer.. •,, Odometer Disclosure Statement – According to federal law all vehicles that are under 10 years of age and below 16,000 pounds must have their odometer be verified by the Buyer. The Seller must acknowledge on the form that to the best of their knowledge the reading is accurate and that the mileage has not been defective. • • Basic Template –,, Photo ID – Due to the amount of Craigslist and newspaper scams, it is highly recommended to obtain a copy of the Seller’s photo identification (such as a driver’s license). This is to be 100% sure that the person authorizing the bill of sale is able to legally sell the property. The Buyer should make certain that the title and identification match accordingly. Step 4 – Complete the Sale Document Signing – Once all the necessary papers are drawn up, the sale may be completed.
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March 2018
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