Automobile Bill of Sale

Most states require a BILL of SALE with a sales transaction involving used cars. This is important because it discloses ownership of the vehicle and provides proof that an actual transaction took place between a buyer and seller.

The details contained within any legitimate BILL of SALE should include the date of the sale, location ( city, state, zip (, and the actual value received as payment. In addition, an odometer disclosure must be included.

If you are a seller of a used car , van, or truck, you should consider using a style of the Bill of Sale form that provides the correct wording for selling a vehicle "as is" with no warranties as to its condition.

The entire "Bill of Sale" and odometer disclosure establishes the proof of transfer of ownership from the old owner of the vehicle to the new owner.

When the new owner wishes to register the vehicle in any state, the motor vehicle department uses the purchase price shown on the Bill of Sale to determine the sales tax that must be collected. The sales tax is only collected from the new owner one time. However, the registration fees are also added at that time.

A sample Automobile Bill of Sale form that is specifically designed to be easy to adjust to your situation is available to download immediately online. This form is for use in all states.

• Bill of Sale Form