![]() Vehicle Condition – List any repairs or defects.Liens and Encumbrances – If there are any existing liens on the vehicle they should be mentioned and stated how they shall be released.Purchase Price – To be paid as a single payment, down-payment with balance to be paid later, payment with trade-in, or simple trade.Vehicle Description – Body Type, Make, Model, Year, and any other information that should be mentioned.Buyer and Seller information – Names and Mailing Addresses.To be legal, it must contain the following: Motor Vehicle Bill of Sale – Adobe PDF, Microsoft Word (.docx) By State This form is legally required to facilitate the transfer of possession and to register the vehicle. A bill of a sale is a legal document of evidence that proves that the seller has transferred the ownership and rights of using the sold property to the buyer.The motor vehicle bill of sale form is a written contract between a buyer and seller for the exchange of an automobile for cash, trade, or both. ![]() It clears everything between the buyer and the seller.It keeps the record of the transaction that can be used in future.This document ensures that no one involved in the sale of the vehicle is being exploited. A bill of sale is a very important document because it protects the rights of both buyer and seller.Telling everything about your vehicle beforehand is always useful because it lets the buyer know what he is going to purchase. If you are selling the used vehicle, then there should be a brief description of the condition of the vehicle to prevent the situation of disagreement. Names and addresses of seller as well as buyer.
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