Delaware 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 Delaware 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 Delaware Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
Delaware Vehicle Bill of Sale and Promissory Note
Product Details
| Product | Delaware 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 | #17121 |
| 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
A Vehicle Bill of Sale is a legal document that records the transfer of ownership of a vehicle from the seller to the buyer. It includes important details such as the vehicle's make, model, year, and VIN, as well as the terms of the sale.
A Promissory Note outlines the terms of payment for the vehicle, including the amount financed, payment schedule, and interest rate. It protects both parties by clearly defining the obligations of the buyer.
Yes, the form allows you to sell the vehicle 'as is,' meaning the seller does not provide any warranties regarding the vehicle's condition. This clause must be clearly stated in the Bill of Sale.
Yes, federal law requires sellers to disclose the vehicle's mileage at the time of sale. This statement helps prevent odometer fraud and ensures transparency in the transaction.
If the buyer fails to make payments as outlined in the Promissory Note, the seller may have legal recourse to reclaim the vehicle or seek damages. It's important to include clear terms regarding default in the agreement.
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 document to formalize the sale. This ensures that both the seller and buyer have a clear understanding of the payment terms and vehicle condition.
- Situations requiring a detailed record of the vehicle sale for tax purposes can benefit from this form. It provides essential information that may be needed for future reference or in case of disputes regarding ownership or payment.
- For those purchasing a used vehicle, having a Bill of Sale and Promissory Note is crucial to establish legal ownership. This documentation protects the buyer's investment and outlines the seller's obligations regarding the vehicle's condition.
- When transferring ownership of a vehicle that is sold 'as is,' this form helps clarify that the seller is not liable for any future issues. It provides legal protection for the seller while informing the buyer of their responsibilities.
- In cases where the seller has financed the vehicle and is now selling it, this form allows for the proper documentation of the outstanding balance. It ensures that the buyer is aware of the financial obligations tied to the vehicle.
Do Not Use If:
- – This form is not appropriate for vehicles that are being sold with a lien or outstanding loan. In such cases, the lender must be involved in the sale process to release the lien before ownership can be transferred.
- – If the vehicle is being sold for parts or scrap, a Bill of Sale may not be necessary. In these situations, a simpler receipt may suffice, as the vehicle is not being sold for operational use.
- – In instances where the seller is a dealership or business, different legal requirements and forms may apply. Businesses often have specific contracts that comply with commercial laws, which differ from private sales.
- – For vehicles that are not registered or have significant legal issues, this form is not suitable. It's essential to resolve any legal matters regarding the vehicle's title before proceeding with a sale.
- – When selling a vehicle across state lines, additional documentation may be required to comply with the laws of both states. This form is specific to Delaware and may not meet the requirements of other jurisdictions.
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Save Money by getting our popular Bills of Sale forms together in one convenient packet
Save Money by getting our popular Vehicle Bills of Sale forms together in one convenient packet
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