A Bill of Sale is a necessary document to have when selling an item such as a car. This document protects both the buyer and seller from any potential problems that could occur in the future. A bill of Sale must include specific information such as the description of the vehicle, buyer and seller information, the amount of the sale, and other important details. Most Bill of Sales also state that the item being sold is sold 'AS IS', so be sure the description is accurate.
Example Bill of SaleI [Seller's Name], in receipt of payment amount of $__________dollars, sell to [Buyer's Name], transferring all title and property rights of:
Vehicle ID #:_______________________
I [Buyer's Name] agree to accept the vehicle 'AS IS' and acknowledge that there are no warranties or guarantees other than those stated in this Bill of Sale.
Signed on this_______________________day of___________, 20_______________.
Seller's Name_______________ Date:_____________
Tips to remember when writing a Bill of Sale
It is very important to include BOTH signatures from both the buyer and seller on the completed Bill of Sale. Some states may also require this document is notarized. Both the Buyer and the Seller should keep a signed copy of the Bill of Sale for their records.