Local requirements will vary, so be sure to check with your local department of motor vehicles.Ī bill of sale document lines out the details of a transaction between a buyer and seller of the vehicle. The bill of sale combined with a registration certificate may be enough to prove ownership, if a valid title isn’t available. This will help prevent any problems that may arise later on. Buying or selling a vehicle? Make sure you have a copy of a bill of sale signed by both parties at the time of the sale. That includes the names and addresses of both buyer/seller, date of sale, price, and vehicle information. The bill of sale acts as a receipt or record of necessary information. It is a legally binding document that is commonly used when the former owner transfers possession of the goods to a new owner.
A bill of sale is a document that transfers ownership from one person (the Seller) to another (the Buyer).
