Smarter purchasing decisionsĪ bill of sale can also make it easier to make a smarter and more informed decision about the car being purchased. This information can make registering the car in the new owner’s name much easier since this is also the information many states require during registration. In most states, a bill of sale for a car must include relatively detailed information, including the: It is extremely important that when creating a bill of sale that it be signed by both parties.Ī bill of sale for a car is much more complicated than the receipt you receive at your local supermarket or in most retail stores. Furthermore, without a bill of sale tickets on the vehicle, such as parking and speeding tickets, that are incurred by the new owner could become the responsibility of the previous owner. This information is extremely important if something serious is wrong with the vehicle that the seller knew about but failed to notify the buyer of.
For the buyer, the bill of sale proves that a transaction took place. A signed bill of sale provides important legal protections to the buyer and even to the seller.
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