What Is In An Automobile Bill Of Sale And Why Do You Need It When Buying Or Selling An Item


Posted September 12, 2018 by carlglendon

Selling or buying a vehicle would definitely need a motor vehicle bill of sale. A bill of sale stores all the necessary data, which includes the price, vehicle information and history, date of transaction and information of both the buyer and seller.

 
The bill of sale is an important paper but it is not an official ownership document, it is actually a record of sale between two parties. For more information about getting a bill of sale in Alabama, please visit this website.


A motor vehicle bill of sale contains the following information:


Vehicle identification number
Model / Series
Make / Brand
Year
Mileage / ODO Reading
Date and Price.

Not all states would oblige the seller to have a notarized, dated, and signed document as part of the process in the transfer of title, but other states does require them.


A complete automobile bill of sale is an important add-on to a seller’s credential whether it is required by law or not. Such document will also free the seller of any responsibilities to the vehicle, in cases where the new owner gets into an accident or commits a violation.


In most cases it’s the responsibility of the seller to provide a bill of sale, but as a buyer it is highly recommended to draft one too just in case you may need to present a copy.


It is always a good practice for both buyer and seller to always ask for a copy of the motor vehicle bill of sale as soon as the transaction is sealed and signed.
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Issued By Carl Glendon
Business Address https://forms.legal/free-al-bill-of-sale/
Country United States
Categories Law , Legal
Last Updated September 12, 2018