Louisiana 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 Louisiana 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 Louisiana Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
Louisiana Vehicle Bill of Sale and Promissory Note
Product Details
| Product | Louisiana 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 | #17133 |
| 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 sale of a vehicle between a buyer and seller. It includes important details such as the vehicle's make, model, year, VIN, and the terms of the sale.
A Promissory Note is essential when the buyer is making installment payments. It outlines the payment terms, including the amount due, interest rate, and schedule, protecting both parties in the transaction.
Yes, this form allows you to sell your vehicle 'as is', meaning that the seller does not provide any warranties regarding the vehicle's condition. This clause protects the seller from future claims.
The Odometer Disclosure Statement is a federal requirement that mandates the seller to disclose the vehicle's mileage at the time of sale. This protects buyers from odometer fraud.
Yes, this Vehicle Bill of Sale and Promissory Note is designed to comply with Louisiana state laws regarding vehicle sales, ensuring that all necessary legal requirements are met.
Is This Form Right For You?
Use This Form If:
- Individuals who are purchasing a vehicle and prefer to make payments over time will find this form essential. It outlines the payment terms and protects both parties by documenting the sale and any warranties or conditions.
- Situations requiring the sale of a vehicle 'as is' can benefit from this form, as it clearly states that the seller is not responsible for any defects or issues post-sale. This protects the seller from future claims regarding the vehicle's condition.
- For those looking to comply with federal and state laws regarding vehicle sales, this form includes an Odometer Disclosure Statement. This is crucial for ensuring that the seller provides accurate mileage information to the buyer.
- Sellers wanting to ensure their rights are protected during a vehicle sale will find this form useful. It includes covenants that warrant the seller's ownership and the absence of liens, which safeguards against future disputes.
- Buyers who need to prove ownership for registration or insurance purposes will find the Automobile/Vehicle Bill of Sale invaluable. It serves as legal proof of the transaction and includes all necessary vehicle details.
Do Not Use If:
- – This form is not appropriate for vehicles that are being sold for parts or scrap. In such cases, a different type of documentation may be required to reflect the nature of the sale.
- – If the vehicle has significant liens or encumbrances, this form should not be used without first resolving those issues. Selling a vehicle with outstanding liens can lead to legal complications.
- – In situations where the seller is not the legal owner of the vehicle, this form cannot be used. Only the rightful owner has the authority to sell and transfer ownership.
- – This form is not suitable for transactions involving vehicles that are not roadworthy or have been declared a total loss. Additional disclosures and documentation may be necessary in such cases.
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Save Money by getting our popular Vehicle Bills of Sale forms together in one convenient packet
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