North Dakota 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 North Dakota 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 North Dakota Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
North Dakota Vehicle Bill of Sale and Promissory Note
Product Details
| Product | North Dakota 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 | #17148 |
| 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 a seller. 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 is essential when a buyer is making installment payments for a vehicle. It outlines the repayment terms, including the amount, interest rate, and payment schedule, protecting both parties in the transaction.
Yes, the form allows you to sell the 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 related to the vehicle's performance.
An Odometer Disclosure Statement is a legal requirement that discloses the vehicle's mileage at the time of sale. This protects the buyer from odometer fraud and ensures compliance with federal law.
Yes, this Vehicle Bill of Sale and Promissory Note is designed to comply with the laws of North Dakota, ensuring that it meets all legal requirements 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 ensure that both parties agree on the terms of the sale. This is particularly useful for private sales where the buyer may not have the full purchase price upfront.
- Situations requiring documentation of a vehicle sale, such as transferring ownership to a family member or friend, can benefit from this form. It provides a clear record of the transaction, which can help prevent disputes in the future.
- For those purchasing a vehicle from a private seller, this form serves as proof of ownership and the agreed-upon terms. It is essential for registering the vehicle with the state and for insurance purposes.
- When a seller wants to protect their rights and ensure that the buyer is aware of the vehicle's condition, using this form allows them to include an 'as-is' clause. This protects the seller from future claims regarding the vehicle's condition.
- In cases where a vehicle is sold with a warranty, this form allows the seller to specify the terms of that warranty. This clarity helps both parties understand their rights and obligations regarding the vehicle's condition post-sale.
Do Not Use If:
- – This form is not appropriate for transactions involving vehicles that are not titled, such as those sold for parts only. In such cases, a different type of documentation may be needed.
- – If the vehicle has a lien or is subject to a security interest, this form should not be used until the lien is released. Selling a vehicle with an existing lien can lead to legal complications.
- – In situations where the seller is a dealership or a business, this form may not suffice as commercial transactions often require more complex agreements and disclosures.
- – If the buyer and seller are not in agreement on the terms of the sale, using this form could lead to disputes. It is essential that both parties fully understand and agree to the terms before proceeding.
- – For vehicles that are being gifted rather than sold, a different form may be more appropriate, as this document is specifically designed for sales transactions involving consideration.
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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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