They will use the bill of sale to estimate your sales (or use) tax and record the transaction. Once your bill of sale is complete and signed, visit your local county clerk or tax office to record the bill.Alternatively, you and the other party can notarize your signatures on the document. If questions arise about the sale, that person can serve as a reporter of the transaction. Although not strictly required, consider bringing a third party with you when the bill of sale is signed.Sign two copies of the bill of sale, one for you and one for the other party.If the buyer intends to make a down payment at the time of purchase and pay the remainder over time, the parties should execute a promissory note (not included in this package) and use a bill of sale that contemplates such deferred payment. The enclosed bill of sale assumes that payment of the car’s purchase price will be complete on the sale date.Since the bill of sale states that you have already been paid, it may be difficult to collect any outstanding amounts if the buyer has written evidence that its payment obligations are complete. If you are selling the vehicle, give the buyer a completed bill of sale only after you have received your money and the transaction is complete.If a question emerges about property title, you’ll need to get in immediate contact with that person or company. Getting the correct name and physical address of the other party to your deal is essential.This will provide essential documentation of your ownership and liability obligations, and you will be well on your way to establishing a clear record of title for your property. If you follow the enclosed sample and guidelines, you will have a written acknowledgment of the rights and responsibilities being transferred as part of your sale. Moreover, many states and counties use these documents to determine the amount of sales tax owed on the transaction, if any. Bills of sale can help to prove the identity of a vehicle’s true legal owner.

It also details the terms of the sale, including information about price, delivery, and condition. It proves that ownership of a particular piece of property has changed hands.

With the enclosed documents and instructions, you can firm up the terms of your arrangement and prepare for your car’s new titling and registration.Ī bill of sale is like a receipt. This process calls for a complete, well-drafted bill of sale. Your vehicle transfer also requires you to file with your state’s motor vehicle department and other local agencies. In the modern marketplace, your transaction can’t be completed with a simple handshake and a wave goodbye.

You’ve listed your car and you’ve found your buyer - it’s time to finish your deal.

Simple bill of sale template for car