Oregon 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 Oregon 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 Oregon Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
Oregon Vehicle Bill of Sale and Promissory Note
Product Details
| Product | Oregon 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 | #17151 |
| 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 essential details such as the vehicle's make, model, year, VIN, and the terms of the sale.
A promissory note is necessary when the buyer is making installment payments for the vehicle. It outlines the payment terms, including the amount, interest rate, and schedule, protecting both parties in the transaction.
Yes, this form allows you to sell your vehicle 'as is,' meaning you are not providing any warranties regarding its condition. This protects you from future claims related to defects or issues.
An odometer disclosure statement is a legal requirement that mandates the seller to disclose the vehicle's mileage at the time of sale. This is to prevent odometer fraud and ensure transparency in the transaction.
Yes, this packet is designed to comply with the laws of Oregon, ensuring that all necessary legal requirements are met for the sale and transfer of a vehicle.
Is This Form Right For You?
Use This Form If:
- Individuals who are selling their vehicle and wish to receive payments in installments can utilize this form to ensure that the transaction is legally documented. This protects both the seller's rights and the buyer's interests, providing clarity on payment terms and vehicle condition.
- Situations requiring a formal record of vehicle ownership transfer often arise when a buyer purchases a used vehicle. This bill of sale serves as proof of ownership and includes essential details such as the vehicle's make, model, and VIN, which can be crucial for registration and insurance purposes.
- For those looking to sell a vehicle 'as is,' this form allows sellers to clearly communicate that no warranties are provided regarding the vehicle's condition. This protects the seller from future claims regarding defects or issues that may arise after the sale.
- When transferring ownership of a vehicle, compliance with federal law mandates that the seller disclose the odometer reading. This form includes an odometer disclosure statement, ensuring that the seller meets legal requirements and avoids potential penalties.
- Buyers seeking financing options for their vehicle purchase can benefit from the included promissory note. This document outlines the payment schedule and terms, providing a clear framework for both parties to follow, which can help prevent misunderstandings.
Do Not Use If:
- – This form is not appropriate if the vehicle is being sold for parts only, as it does not provide the necessary legal protections for such transactions. In these cases, a different type of agreement may be more suitable.
- – If the seller is not the legal owner of the vehicle, this form should not be used. Only the rightful owner can sell the vehicle and provide the necessary warranties and disclosures.
- – In situations where the buyer is not making any payments and the sale is a gift, a bill of sale may not be necessary. A simple gift transfer document would suffice in such cases.
- – This form is not suitable for transactions involving vehicles that are heavily modified or have significant undisclosed issues. In such cases, additional disclosures and agreements may be required to protect both parties.
- – If the vehicle is subject to a lien or other encumbrance, this form should not be used until the lien is resolved. Selling a vehicle with an outstanding lien can lead to legal complications.
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