If there was a deposit, the amount of balance accompanied by a promissory note must go into the auto bill of sale form.
Generally, sellers are flexible and will give a range of options like a blank check which could be self printed, cash, or money order. Note that the names must correspond to those in the identification documents of both parties.īesides, the form indicates the mode of payment. Another critical part of the auto bill of sale form is the signing by the buyer and the seller. The form also states the timeline for the transfer and release of liability. He/she discharges himself by having sold the vehicle on an “as is” basis. In an auto bill of sale form, the seller presents warranties about the condition of the vehicle. Smog certifications are mandatory for vehicles that are more than four years old.
It is important to note that sellers need to comply with the necessary certifications by the government.
BILL OF SALE TEMPLATE OREGON REGISTRATION
Additional details include the latest registration of the vehicle and the certificate of title.įor more transparency, the seller ought to disclose the odometer reading. It also obligates the seller to provide specific details about the commonly used car that facilitates an authentic transaction. The form shows the date the agreement is sealed and includes other details like price and motor vehicle registration number aka vehicle identification number similar to what’s included in an uber vehicle inspection form. Now let us, deep dive: Auto Bill of Sale FormĪn auto bill of sale is a contractual document that captures the agreement made between the seller and the buyer of a motor vehicle. There are many categories of the bill of sale forms you could use to transact.