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Why do you need to use a Vehicle Bill of Sale?
A Vehicle Bill of Sale shows that the buyer is a legal owner of the car. It serves as one of the important documents that prevent the misunderstanding between the buyer and the seller and confirm the buyer’s ownership when trying to obtain auto insurance. As a seller or a buyer, the vehicle bill of sale also helps you in accounting and taxation reporting.
When do you need to use a Vehicle Bill of Sale?
Anyone who is buying or selling a vehicle requires to use a Vehicle Bill of Sale that provides legal protection to both the buyer and the seller. It is important that when creating a vehicle bill of sale, it should be signed by both parties. Each party should keep a copy of the sale bill for their records.
What are the main things that go on a Vehicle Bill of Sale?
A Bill of Vehicle Sale should include the following information:
- Vehicle Identification Number
- Year, make & model of the vehicle
- Buyer and Sellers Name & Address
- Payment details
- Odometer reading
- Warrant of the vehicle (if any)
What are the most common mistakes to avoid?
Getting the ownership of the vehicle is a tricky and daunting task. If you want to streamline the whole process, you have to be very careful about every step you undertake. There are a few mistakes people often commit in the vehicle bill of sale.
- Wrong or confusing buyer’s or sellers name or address
- Not providing the complete vehicle’s description, including mileage record, vehicle’s year, make, and model
- Vehicle Identification Number (VIN) on the car does not match up with the VIN on that vehicle’s title
- Missing the warranty details of the vehicle
Do I need to use a lawyer, accountant, or notary to help me?
You can create and fill out the Vehicle Bill of Sale online. Creating the form online can save you money than hiring a lawyer. At Form Pros, we have a staff of lawyers, entrepreneurs, and tax professionals on board to assist you with questions, and intuitive software to guide you through each step of the process.
Why use our Vehicle Bill of Sale generator?
You can easily create the Vehicle Bill of Sale with our FormPros generator. It is the most straightforward, easiest, and most advanced generator tool that can help you create a Vehicle sale Form in less than 2 minutes. It is 100% safe and encrypted and automatically filled with correct calculations. Our tool also has a subscription plan so you can create unlimited Vehicle Bill of Sale forms at a low cost.
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