123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Legal >> View Article

Why Should You Use A Car Bill Of Sale?

By Author: Carl Glendon
Total Articles: 106

In most states in the US, you need to furnish a bill of sale before you are permitted to register a vehicle in your name. It will be needed by the Department of Motor Vehicles (DMV) and other ownership proofs prior to any change of registration. Many people hear about car bill of sale forms, but few really take out time to make use of the same. Find out why you should use a car bill of sale Alabama form and what makes it an important piece of document for buyers as well as sellers.

Includes important information

An auto bill of sale form comprises of all the essential pieces of information, such as signatures of two parties, odometer reading, addresses and names of the seller and buyer, Vehicle Identification Number (VIN), model and make specifics, general condition of the car, cost of sale of the vehicle. It also includes a statement from the seller which attests that there is no outstanding debt on the vehicle.

Ensures fraud protection

The private purchase of a second-hand vehicle can be risky, given that there are problems associated with the purchase of a stolen vehicle, or a vehicle with altered odometer readings to show that it has traveled only a short distance than in actual case or even a vehicle with pending debt. It is often found that these activities stay discovered until later, and it is not easy always to determine who the responsible party is. If you can show a used vehicle bill of sale that makes it clear when and who you purchased the vehicle from and also mentions the odometer reading during the time you bought it, you can get absolved of any charges of wrongdoing.

Helps keep a record of sale cost

In the majority of states in the US, it is mandatory to record the transaction in this kind of a bill of sale form before the car title can be transferred to the purchaser by the seller and have the vehicle registered under the new owner’s name. This can be assistive in investigating the sale cost for future tax assessment.

Author Resource:-

Carl writes often about online legal drafting like affidavit, bill of sale and release/ waiver agreement to help the people. You can find his thoughts at standard bill of sale form blog. For more information about getting a bill of sale in Washington, please visit this website.

Total Views: 38Word Count: 416See All articles From Author

Legal Articles

1. How To Extend The Fiancé Visa Uk
Author: Immigration Solicitors 4 me

2. Miranda Rights
Author: Walter

3. How Does A Financial Power Of Attorney Work?
Author: Carl Glendon

4. Release Forms And Things You Should Know About Them
Author: Carl Glendon

5. Adjusting To Life After Germany Job Seeker Visa
Author: Global Tree

6. 7 Mistakes You Must Avoid In Your Work Comp Claim
Author: azworkcomp

7. Why You Should Invest Only In The Best Immigration Solicitors In London?
Author: Hudson Mckenzie

8. What Are The Various Things To Check In A Vehicle Bill Of Sale That You Create?
Author: Carl Glendon

9. Everything That You Needed To Know About An Affidavit
Author: Carl Glendon

10. 5 Core Components Of A Legally Secure Lease Agreement
Author: Carl Glendon

11. Must I Hire An Injury Lawyer?
Author: romyfernandis12

12. How To Find A Great Personal Injury Lawyer
Author: romyfernandis12

13. If You Are Injured Hire An Injury Lawyer
Author: romyfernandis12

14. Why Use The Services Of The Personal Injury Lawyer?
Author: romyfernandis12

15. Personal Injury Lawyer - Find The Best One To Meet Your Requirements
Author: romyfernandis12

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: