New York 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 New York 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 New York Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
New York Vehicle Bill of Sale and Promissory Note
Product Details
| Product | New York 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 | #17146 |
| 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 seller and a buyer. It outlines the terms of the sale, including the purchase price, vehicle details, and the rights of both parties.
A Promissory Note is essential when the buyer is paying for the vehicle in installments. It formalizes the payment agreement, including the amount owed, interest rates, and payment schedule, protecting both the seller and buyer.
Yes, the form includes an optional 'as is' clause that allows the seller to sell the vehicle without any warranties regarding its condition. This protects the seller from future claims related to the vehicle's performance.
An Odometer Disclosure Statement is a requirement under federal law that mandates the seller to disclose the vehicle's mileage at the time of sale. This protects buyers from odometer fraud and ensures transparency.
Yes, this Vehicle Bill of Sale and Promissory Note packet is designed to comply with the laws of New York, ensuring that all legal requirements are met for vehicle sales in the state.
Is This Form Right For You?
Use This Form If:
- Individuals who are selling a vehicle and wish to receive payments over time can utilize this form to formalize the transaction. This ensures that both parties are protected and that the terms of the sale, including payment schedules, are clearly outlined.
- For buyers looking to purchase a vehicle on an installment basis, this form provides a structured agreement that specifies the payment terms and conditions. It helps in establishing ownership and can be used as proof of purchase in case of any disputes.
- Situations requiring a clear record of vehicle sale and transfer of ownership can benefit from this legal document. The Bill of Sale serves as a critical piece of evidence for both the seller and buyer, especially in cases of ownership verification or tax reporting.
- For those who want to sell their vehicle 'as is,' this form includes an optional clause that protects the seller from future claims regarding the vehicle's condition. This is particularly useful for private sales where warranties are not offered.
- In cases where the seller needs to disclose the vehicle's mileage, the Odometer Disclosure Statement included in this packet ensures compliance with federal law. This protects both parties and provides transparency in the transaction.
Do Not Use If:
- – This form is not appropriate for vehicles that are being sold for parts or not in working condition. In such cases, a different type of agreement may be needed to clarify the sale's nature.
- – If the vehicle is being sold under a lease agreement or financing arrangement, this form may not be suitable. Legal advice should be sought to address specific terms related to leases or financing.
- – In situations where the seller is not the legal owner of the vehicle, using this form could lead to legal complications. Only the rightful owner should use this document to ensure proper transfer of ownership.
- – For transactions involving a dealer or commercial entity, different forms and agreements may be required to comply with state regulations governing vehicle sales.
- – If the buyer is purchasing the vehicle without any intention of making payments or if the sale is not contingent on financing, this form may not be necessary.
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Save Money by getting our popular Vehicle Bills of Sale forms together in one convenient packet
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