Alabama Vehicle Bill of Sale and Promissory Note
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
Used for the sale of a vehicle like a car, van, truck, trailer or motorcycle with installment payments. It offers the option to sell the vehicle "as is" or with a warranty.
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The Automobile/Vehicle Bill of Sale form in this packet is designed to document the terms and conditions of the transaction and to protect the rights of both the seller and buyer. This legal form is also helpful for accounting and tax purposes and includes the make, model, year, mileage, and vehicle identification number (VIN) of the vehicle. The buyer can use an Automobile/ Vehicle bill of sale form to help prove ownership of the vehicle.
An Odometer Disclosure Statement is also included in this packet since federal law provides that the seller reveal the mileage upon transfer of ownership.
This Vehicle Bill of Sale form also allows the option to sell the vehicle “as is” or with some type of express warranty.
The Promissory Note for Purchase of Vehicle that is also part of this packet, is useful to protects the seller and to avoid possible problems in the future, and permits payment in monthly installments.
This Automobile/Vehicle Bill of Sale and Promissory Note packet also include simple instructions that guide you through each provision making it simple to easily understand the terms of your legal document.
These Important provisions are included in this Alabama Automobile / Vehicle Bill of Sale and Promissory Note:
- Consideration paid: This provision indicates the sum paid for the vehicle and also can be used by the buyer to prove that valuable consideration was paid for the vehicle;
- Name and Address of Seller and Buyer : Identifies and locates the parties to this sale in case of a dispute;
- Make/ Model/ Year/ Mileage/ Vehicle identification number:Identifies the vehicle being sold;
- Covenant of Ownership: Seller warrants that he/she is the true owner of vehicle and has the right to sell the vehicle;
- Encumbrance Covenant: Seller warrants that the vehicle is free from any lien, security interest or other encumbrance;
- Defend Covenant: Seller will defend vehicle against any claims or demands.;
- Optional AS-IS Clause: Seller is not making any implied or express warranties as to the condition of the vehicle;
- Promissory Note: Documents the terms and conditions for the Promissory Note, including amount, payments, interest rate and vehicle information;
- Odometer Disclosure Statement: Under Federal Law, the seller must disclose the mileage upon transfer of ownership;
Protect Yourself, Your Rights, and Your Property, with our up-to-date forms.
This packet prepared by lawyers contains:
- Step by Step Instructions, easy to use checklist, and important facts for the Alabama Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
Alabama Vehicle Bill of Sale and Promissory Note
Product Details
| Product | Alabama Vehicle Bill of Sale and Promissory Note |
| Country | United States |
| Pages | 7 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Vehicle Bill of Sale and Promissory Note |
| Product number | #17114 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
This packet includes a step-by-step instruction guide, the vehicle bill of sale, a promissory note for purchase, and an odometer disclosure statement, ensuring all necessary documentation is covered.
While notarization is not a requirement for the bill of sale in Alabama, it is recommended to add an extra layer of authenticity and protection for both parties.
Yes, but it is crucial to disclose any existing liens to the buyer. The seller must ensure that the lien is resolved before transferring ownership.
'As is' means that the seller is not providing any warranties regarding the vehicle's condition. The buyer accepts the vehicle in its current state, which protects the seller from future claims.
The odometer disclosure statement must be filled out at the time of sale, indicating the vehicle's mileage. This is a federal requirement to prevent odometer fraud.
Is This Form Right For You?
Use This Form If:
- Individuals who are selling their vehicle and wish to receive payments over time can utilize this form to formalize the transaction. This ensures that both parties are clear on the terms of the sale, including payment schedules and vehicle condition.
- Situations requiring a formal record of vehicle ownership transfer can benefit from this document. It provides essential details such as the vehicle's make, model, and VIN, which are crucial for legal ownership verification.
- For those looking to sell a vehicle 'as is', this form allows the seller to clearly state that no warranties are provided. This protects the seller from future claims regarding the vehicle's condition after the sale.
- Buyers interested in purchasing a vehicle on installment can use this form to outline the payment terms in a promissory note. This helps to ensure that both parties agree on the financial obligations involved in the sale.
- In cases where a vehicle has an existing lien, this document can help clarify the seller's obligations to disclose such information. It ensures that the buyer is aware of any encumbrances before finalizing the purchase.
Do Not Use If:
- – This form is not suitable for vehicles that are being sold with a warranty or guarantee. If the seller intends to provide assurances about the vehicle's condition, a different form should be used.
- – In cases where the vehicle has significant mechanical issues or is not roadworthy, this form may not be appropriate. Sellers should consider a different approach to ensure transparency about the vehicle's condition.
- – If the sale involves multiple parties or complex ownership situations, this document may not cover all necessary legal aspects. Consulting a legal professional for a more tailored agreement would be advisable.
- – For transactions involving vehicles that are not titled or registered, such as parts or salvage vehicles, this form may not be applicable. Different documentation may be required for such sales.
- – In situations where the buyer is financing the vehicle through a third party, this form alone may not suffice. Additional financing agreements would be necessary to protect all parties involved.
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Save Money by getting our popular Vehicle Bills of Sale forms together in one convenient packet
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