There’s a phrase a lot of people like to use these days: “let’s put it in writing.” There is perhaps no better example of a transaction that is put in writing than the automobile bill of sale, a document which certifies just a few things and serves as written proof that two parties agree to the transaction of a car in exchange for money. Quite simply, an automobile bill of sale is a receipt that verifies both parties wanted to take part in the transaction - the result is a generally ironclad document that neither party can go back on.
So if this is what an automobile bill of sale represents, what exactly is it comprised of? Is it another one of those legal forms that could take place on one sheet of paper but actually takes up the space of five? Is it full of legal mumbo-jumbo and fine print, the extent of which almost makes reading it incomprehensible and even pointless? Keep reading and you’ll find out exactly what you can expect from an automobile bill of sale.
In many cases, an easy automobile bill of sale form can be printed off from the Internet in order to make sure that a used car sale between two independent parties goes off without a hitch. These forms typically include a description of the vehicle, the listing of the mileage on the vehicle, and the payment that is being handed over in return for the vehicle. The two parties then sign it, date it, and the vehicle is then considered to have changed hands, with the vehicle purchaser then required to make sure that the car’s registration is updated to reflect the new ownership. The automobile bill of sale will also require that the money for the vehicle will have exchanged hands properly, with no checks bouncing or any other form of voided payment having taken place.
It may sound like a lot, but it really is a simple matter of handling the automobile bill of sale - and “handling” typically only means that you fill in the blanks and sign on the dotted line. Automobile bills of sale don’t have a lot of information to read, which means that it’s easy to sign on the dotted line and verify all of the information presented. Both parties should be able to do this upon one last meeting - the meeting where the two parties shake hands on the automobile’s official sale and then go their separate ways. Having the sale made in writing is a great way to ensure that one party can sue the other party should someone not hold up to their end of the bargain. Having this contract enforceable by law is at the essence of what the justice system is all about.
Will you need an automobile bill of sale on your next car purchase or sale? Of course! You’ll want the sale to be legal, legitimate, and carry the weight of law should something go wrong on the other party’s end.
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