South Dakota Vehicle Bill of Sale and Promissory Note

Bahman Eslamboly

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A seller of an automobile or any other type of vehicle (van, motorcycle, truck or trailer) that is willing to receive payments for the sale, will require an Automobile/Vehicle Bill of Sale in conjunction with a Promissory Note.

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 โ€œas isโ€ 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 South 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:
  1. Step by Step Instructions, easy to use checklist, and important facts for the South Dakota Automobile / Vehicle Bill of Sale and Promissory Note;
  2. Automobile / Vehicle Bill of Sale;
  3. Promissory Note for Purchase of Vehicle;
  4. Odometer Disclosure Statement.
State Law Compliant: This legal form packet complies with the laws of South Dakota.

South Dakota Vehicle Bill of Sale and Promissory Note

Product Details

Product South 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 #17155
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

This packet includes a Bill of Sale, a Promissory Note, an Odometer Disclosure Statement, and step-by-step instructions to guide you through the process of completing the documents.

Yes, even if the vehicle is a gift, a Bill of Sale is recommended to document the transfer of ownership and protect both parties in case of future disputes.

No, the seller must ensure that the vehicle is free from any liens or encumbrances before using this form, as it includes a warranty against such claims.

'As is' means that the buyer accepts the vehicle in its current condition without any warranties from the seller regarding its performance or condition.

The Promissory Note outlines the terms of payment, including the amount, interest rate, and payment schedule, providing legal recourse for the seller if the buyer defaults on payments.

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 form to ensure that both parties understand the terms of the sale. This helps in documenting the sale while providing legal protection for the seller.
  • Situations requiring proof of vehicle ownership transfer, such as when a buyer needs to register the vehicle with the state, can benefit from this form. The Bill of Sale serves as a legal document that verifies the change of ownership.
  • For those entering into a vehicle sale agreement that includes installment payments, this form is essential. It outlines the payment terms and protects the seller's interests in case of default by the buyer.
  • Buyers looking to purchase a vehicle 'as is' can use this form to acknowledge that they understand the condition of the vehicle and accept it without warranties. This protects the seller from future claims regarding the vehicle's condition.
  • In cases where a vehicle has an outstanding lien, this form can help clarify the seller's obligations. It includes provisions that ensure the seller warrants the vehicle is free from encumbrances, thus safeguarding the buyer.

Do Not Use If:

  • โ€“ This form is not appropriate if the vehicle being sold is not legally owned by the seller. The seller must have clear ownership and the right to sell the vehicle to use this form.
  • โ€“ If the vehicle has an outstanding lien or loan, this form should not be used until the lien is resolved. Selling a vehicle with a lien can lead to legal complications for both parties.
  • โ€“ In situations where the vehicle is being sold for parts or salvage, a different type of documentation may be more suitable. This form is intended for complete vehicle sales and may not cover the specifics of parts sales.
  • โ€“ If the sale involves a trade-in or exchange rather than a cash transaction, this form may not adequately address the complexities of such arrangements. Additional documentation may be required to clarify the terms.
  • โ€“ For transactions involving multiple vehicles or complex agreements, this form may not capture all necessary details. In such cases, consulting a legal professional for tailored documentation is advisable.

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