Utah 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 Utah 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 Utah Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
Utah Vehicle Bill of Sale and Promissory Note
Product Details
| Product | Utah 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 | #17158 |
| 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, detailing the terms of the transaction, including the buyer and seller's information, vehicle details, and payment terms.
A Promissory Note outlines the repayment terms for an installment sale, protecting both the seller and buyer by clearly stating the amount owed, payment schedule, and any interest.
Yes, the form allows for the vehicle to be sold as-is, meaning the seller does not provide any warranties regarding the vehicle's condition, which must be acknowledged by the buyer.
The Odometer Disclosure Statement requires the seller to disclose the vehicle's mileage at the time of sale, which is a federal requirement to prevent odometer fraud.
Yes, this packet is specifically designed to comply with the laws of Utah, ensuring that both parties are protected under state regulations.
Is This Form Right For You?
Use This Form If:
- Individuals who are selling their vehicle and wish to receive payment in installments can utilize this form to ensure that both parties are protected legally. This document outlines the terms of the sale, including payment schedules and conditions of the vehicle, which is crucial for avoiding future disputes.
- For those purchasing a used vehicle, having a Bill of Sale and Promissory Note is essential to establish ownership and document the agreed-upon payment terms. This form serves as proof of the transaction and can be vital for registration and insurance purposes.
- Situations requiring a clear understanding of vehicle condition can benefit from the optional as-is clause included in this document. Sellers can protect themselves from future claims regarding the vehicle's condition, while buyers acknowledge they are accepting the vehicle without warranties.
- When transferring ownership of a vehicle, sellers must disclose the odometer reading to comply with federal law. This form includes an Odometer Disclosure Statement, ensuring that the seller meets legal obligations and protects against potential fraud.
- In cases where a vehicle has liens or encumbrances, this form helps clarify the seller's ownership and the status of the vehicle. By including covenants regarding ownership and encumbrance, both parties can avoid legal complications after the sale.
Do Not Use If:
- – This form is not appropriate for vehicles that are being sold without a clear title. If the seller cannot provide a title, the transaction may not be legally valid, and both parties could face complications.
- – In cases where the vehicle has significant mechanical issues, using this form may not protect the seller from future claims. It is advisable to disclose known issues or consider a different sales approach.
- – If the sale involves a trade-in or a complex financing arrangement, this simple form may not capture all necessary details. Specialized agreements may be required to address all aspects of the transaction.
- – For transactions involving multiple vehicles or bulk sales, this form may not adequately cover the complexities involved. A tailored agreement would be more suitable for such situations.
- – When selling a vehicle to a dealer or in a public auction setting, this form may not meet the requirements of those transactions, which often have their own specific documentation and legal standards.
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Save Money by getting our popular Vehicle Bills of Sale forms together in one convenient packet
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