Top Legal Considerations While Preparing A Vehicle Bill Of Sale Form

By Author: Carl Glendon
Total Articles: 94

If you are planning to sell a vehicle, or just use it in the form of an asset, you will require drafting some official documents – including Vehicle Bill of Sale form. A bill of sale is quite an important document, from the legal perspective. It is essential that you retain all the “legalese” and avoid missing the important points related to laws about sales tax information, transfer fees, sales price etc. Here are some of the top legal considerations that you should have at the time of preparing a vehicle bill of sale form.

Check your state laws

The specifics of general bill of sale form for vehicles tend to vary from one state to another. A few states, for instance, need a notary public to notarize the vehicle bill of sale form. Others need recording of the odometer reading. There are varied rules in various states with respect to the use of these documents in loan arrangements. Make sure that you check for all these details in your state website.

Security

People often use their cars as collateral when they obtain loans. When you are trying to do that, you have to be ready to submit a free bill of sale form. You may customize the sale terms to specify that the sale will only be valid in case there is no repayment of the loan. For more information about getting a bill of sale form free, please visit this website.

Make all the disclaimers necessary

In you wish to sell a car having a valid warranty, mention that in the free bill of sale download. In case you will be selling it “as is”, just like many other owner, you have to specify that. You are covered by the term “as is”, so far as accidents or damages are concerned. Make sure that the buyer is in agreement with your “as-is” clause in the bill of sale. Please click this website to get a sample an Arkansas auto bill of sale.

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 bill of sale forms blog. To learn more about drafting a bill of sale in Iowa online, visit this website.