This is a standard vehicle bill of sale template in Word, that you can easily use as a document to legalize a vehicle transaction between a seller and a buyer.
For the buyer, the bill of sale documents the purchase price of the vehicle for sales tax purposes.
For the seller, a bill of sale provides proof that title to the vehicle has been transferred legally.
This bill of sale template contains the following elements:
- name, address, and signature of both the seller and the buyer;
- complete vehicle description, including the Vehicle Identification Number (VIN);
- purchase price of the vehicle;
- additional agreed term and condition; if any;
Above information is needed to prevent any disputes that may arise in the future after change of owner.
In the some of the states in the US a notary is need when you do to formalize the transaction. You should verify and be aware about the US states policies when you plan to sell your car.