Vermont 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 Vermont 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 Vermont Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
Vermont Vehicle Bill of Sale and Promissory Note
Product Details
| Product | Vermont 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 | #17159 |
| 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 transfer of ownership of a vehicle from the seller to the buyer. It includes important details about the vehicle and the terms of the sale.
A Promissory Note outlines the payment terms for the vehicle, including the amount financed, interest rate, and payment schedule. This document protects both the seller and the buyer in case of payment disputes.
Yes, this form allows you to sell your vehicle 'as is', meaning you are not providing any warranties about the vehicle's condition. This clause must be clearly stated in the bill of sale.
The Odometer Disclosure Statement must include the current mileage of the vehicle at the time of sale. Federal law requires this disclosure to prevent odometer fraud.
Yes, this Vehicle Bill of Sale and Promissory Note is designed to comply with the laws of Vermont, 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 their vehicle and wish to receive payment in installments will find this form essential. It provides a structured way to outline the payment terms and protect both parties involved in the transaction.
- Situations requiring proof of ownership transfer, such as when a buyer needs to register the vehicle with the DMV, necessitate the use of this bill of sale. This document serves as legal evidence that the buyer has acquired ownership.
- For those looking to sell a vehicle 'as is', this form allows sellers to clearly communicate that no warranties are provided. This protects the seller from future claims regarding the vehicle's condition.
- Buyers purchasing a vehicle from a private seller will benefit from the detailed information included in this form, such as the vehicle's make, model, and VIN. This ensures that they have all necessary documentation for ownership verification.
- In cases where a vehicle has an outstanding loan or lien, the seller can use this form to confirm that the vehicle is free from encumbrances. This is crucial for buyers to avoid potential legal issues down the line.
Do Not Use If:
- – This form is not appropriate for vehicles that are being sold for parts only. In such cases, a different type of documentation may be necessary to reflect the nature of the sale.
- – If the vehicle has an outstanding lien or loan, this form should not be used until the lien is cleared. Selling a vehicle with a lien can lead to legal complications for both the seller and buyer.
- – In situations where the seller is not the legal owner of the vehicle, such as if the vehicle is stolen or not fully paid off, this form cannot be used. Legal ownership must be established before a sale can occur.
- – This form is not suitable for transactions involving commercial vehicles or businesses, as different regulations and documentation may apply. Businesses should consult legal counsel for appropriate forms.
- – If the buyer is not of legal age to enter into a contract, this form should not be used. Minors typically require a guardian or parent to co-sign any legal agreements.
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Save Money by getting our popular Vehicle Bills of Sale forms together in one convenient packet
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