Planning to Sell Your Car? Don’t Forget a Bill of Sale

Planning to Sell Your Car? Don’t Forget a Bill of Sale

When you decide to sell your car, one of the key documents you need is a bill of sale. This legal document helps record the details of the transaction.

Each state has its own rules about what needs to be included in a bill of sale, which can vary from the title number to specific declarations about the vehicle’s condition.

Read on to learn more about the process of obtaining a bill of sale, making it easier to sell your car with confidence.

What Is the Bill of Sale

A bill of sale serves as a recorded agreement between you and the buyer of your vehicle, detailing the transaction and ensuring all legal bases are covered. It acts as proof of purchase and is key when the buyer registers the vehicle. Depending on your location, the bill of sale may need to include specific information such as the car’s make, model, year, VIN, and mileage at the time of sale.

Where to Get a Bill of Sale

Obtaining a bill of sale is straightforward. Most state DMVs provide templates on their websites that comply with local laws. These templates are designed to ensure that all necessary information is included. Even if your state does not require a bill of sale, completing one is still a good idea, as it provides a clear record of the sale and can help prevent potential legal issues.

Selling Your Car Online

The digital age has made it easier than ever to sell your car. Websites like Carvana and offer platforms where you can receive competitive offers and even complete the sale process from the comfort of your home. These sites often provide helpful resources, including how to draft a bill of sale, making it simple to create a bill of sale.

Finalizing the Sale

Once you find a buyer for your car, completing the bill of sale is one of the final steps. Ensure all the required fields are filled out and that both parties sign the document. Keep a copy for your records and provide one to the buyer, as they will need it for registration and titling purposes.

It’s important to know that some states might require a bill of sale, an odometer disclosure statement, and even a damage disclosure. Check with your local DMV to ensure you have all the necessary documents prepared to finalize the sale of your car.

Selling a car can seem like an extra step in an already challenging task, but it can be a smooth and straightforward process with the right preparation and knowledge. By properly using and creating a bill of sale, you can protect yourself legally and ensure a transparent transaction. Whether you choose to sell your car online or through traditional methods, having a bill of sale is a smart step toward a successful sale.

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