North Carolina Vehicle Bill of Sale and Promissory Note

If you want to sell an automobile or other vehicle to another person, and want to accept payments for it, you’ll need an Automobile/Vehicle Bill of Sale together with a Promissory Note. The Automobile/Vehicle Bill of Sale form in this package indicates the make, model, year, mileage, and vehicle identification number of the vehicle. The enclosed Promissory Note for Purchase of Vehicle protects the seller and allows payment for the vehicle to be made in monthly installments. An Odometer Disclosure Statement, required by federal law, is also included and states the mileage upon transfer of ownership.

This form will prove that the Buyer now owns the vehicle. This form can help both the Seller and Buyer protect their rights and is useful for tax and other accounting purposes.

Among others, this form includes the following key provisions:

• Sum paid: States the amount paid for the vehicle
• Seller’s name / address: Identifies the Seller
• Buyer’s name / address: Identifies the Buyer
• Description of Vehicle: Including Make/Model/Year/VIN
• Covenants: Describes any promises the seller makes with regard to the vehicle
• Promissory Note: Sets forth all the terms for the Promissory Note, including amount, payments, interest rate and vehicle information

This attorney-prepared packet contains:

1. Instructions and checklist for Automobile / Vehicle Bill of Sale
2. Information for Automobile / Vehicle Bill of Sale
3. Automobile / Vehicle Bill of Sale
4. Promissory Note for Purchase of Vehicle
5. Odometer Disclosure Statement

State Law Compliance: This form complies with the laws of North Carolina.