Top Things to Include In a Vehicle Bill Of Sale Document

A vehicle bill of sale is a type of written document which is created while selling a car to another individual, irrespective of the form of payment. It is very essential and in most countries it is mandatory particularly during the transaction of used vehicles.

In order to be regarded as legally acceptable this kind of document has to satisfy various requirements according to the laws of that country or state. Generally, it is created in the best interest of both parties and serves as an evidence of the transaction that has occurred. Find out about some of the important things to include in a car bill of sale in Alabama document.

Date of vehicle transfer

You have to write down on which date the automobile ownership was transferred to the buyer.

Price of sale

It is obviously important to write down the cost at which the sale of the vehicle occurred as well as the exact terms of payment related to the same.

Vehicle information

As you can see in any vehicle bill of sale free template, the document must obviously include all the important details about the vehicle such as model, make, production year mileage etc.

In case the transfer of ownership occurs without any warranties involved, there should be a declaration that the automobile is being sold in an "as is" condition. If there is warranty coverage for the vehicle that is being sold, however, you need to make a clear mention of the warranty period as well as the warranty type.

Name and contact information

The document should of course have the name and contact information of the seller and the buyer mentioned properly. No abbreviations of names are allowed and full names of both parties must be included in the document, for the sake of proper identification.

Signature

There should be the signatures of the buyer and the seller as well as that of one or more witnesses to the transaction.

Although there are small differences across countries, regions and states, these are some of the minimum requirements to make a vehicle bill of sale valid as a legally binding document.