| There seems to be a trend to get out of debt | | | | If you are not used to working with legal forms |
| and sell one of the cars. People like Dave Ramsey | | | | then you may not be aware of using a Public |
| are attracting millions to their radio talk shows | | | | Notary. These people are licensed by the state |
| with the main subject being "becoming debt free." | | | | and their job is to validate signatures to legal |
| Getting out of debt often means selling the car | | | | documents. They check your identification, watch |
| that is depreciating faster than you can say Blue | | | | you sign, and then they date and sign the |
| Book. Just with a few hours preparation, one can | | | | document and use an official seal. No one can say |
| earn many thousands of dollars more by selling | | | | with any credibility that those signatures are |
| retail rather than wholesale through a dealer. | | | | forged. When selling a car, for the protection of |
| Selling retail means selling it yourself. Take pictures | | | | all, signatures are notarized. The notary charges a |
| and post your ad on for free or close to free. | | | | small fee or your bank may let you use their |
| Next, prepare for success with a great Bill of Sale | | | | notary for free. We would not recommend any |
| Form. This is more important than you may think. | | | | forms without a space for a notary. |
| By the way, more and more people are buying | | | | If You Have the Title |
| from individuals because they find that the least | | | | If you already own the car, then you will have |
| expensive way to own a car is to buy it used | | | | the title. Signing the back of the title with an |
| from an individual. Even though the seller usually | | | | odometer statement is your bill of sale. Most |
| provides the form, if you are the car buyer, then | | | | likely, you don’t need a bill of sale from the |
| you may want to provide the bill of sale form to | | | | Internet. |
| the seller for your own protection. | | | | If You Owe Money on the Car |
| When you go to a restaurant and receive a | | | | If you have a loan on your car, then you will |
| receipt, you are in a sense receiving a bill of sale | | | | want to use a special bill of sale form. You must |
| for payment of your meal. This is the simplest | | | | pay off the loan, receive the title and sign over |
| kind with the most advanced kind being the one | | | | the title. Most buyers do not want to hand over |
| your attorney writes to sell a business or a home. | | | | money so you can pay off your loans unless you |
| The best and most expensive kind of bill of sale | | | | provide them with a form that gives them |
| for selling your car is one written by your | | | | confidence to their ownership. This form should |
| attorney. It is guaranteed to be tailor-made to | | | | show the name of your loan company and an |
| your circumstances. But, perhaps you do not | | | | estimated time when you will receive the title and |
| need a tailor-made suit from Saville Row in | | | | hand over the title to the new owner. Most |
| London. Perhaps one off the rack with a few | | | | people put 30 days, however we recommend |
| alterations will do the trick. What is called | | | | that once you have cleared funds, that you wire |
| boilerplate or standard bill of sale forms may be | | | | them to the loan company and pay to have the |
| what you want. | | | | title sent overnight. Get the transaction done as |
| Go to the Internet and search on "bill of sale" or | | | | soon as possible. You don’t want delays. |
| "bill of sale form." You will find a thousand | | | | Statement That the Car is Sold "As is" |
| examples and most will work fine, however, we | | | | An "as is" statement is very important for people |
| are here to talk about the best. We want to save | | | | selling their own cars. It basically says you are |
| you the time of an exhaustive search on Google. | | | | giving no guarantees. You do not want to have |
| Free Forms | | | | something major happen to the car a month |
| Most of the "free" forms are worth what you | | | | after the sale and then have the buyer take you |
| pay for them. They are very simple and remind | | | | to court because she/he said you said everything |
| us of the restaurant receipt. They give little or no | | | | was great. Let the dealers give warrantees with |
| protection and your buyer could be scared out of | | | | their higher sale prices. You want the "as is" |
| the deal. | | | | statement on your bill of sale for your future |
| Bill of Sale Forms for Specific States | | | | safety. |
| These forms are suggested minimum forms for | | | | Odometer Statement as Part of a Bill of Sale |
| each specific state. The states are doing a service | | | | Many states require an odometer statement and |
| to their citizens by suggesting forms. They may | | | | in fact have one on the back of the title. The |
| not give you the protection you desire. If you | | | | odometer statement tells the buyer the amount |
| want more protection and you should, you will | | | | of miles on the odometer. Not only should you |
| have to either go to your attorney or find forms | | | | have your signature notarized on this statement, |
| with better protection. Some of these you will | | | | you should have the buyers signature notarized. |
| find below. | | | | You want him to publicly agree with you for the |
| CAUTION! An Inadequate Bill of Sale Form Can Kill | | | | miles statement. |
| a Sale | | | | Bill of Sale Form Satisfaction Guaranteed |
| Why do people pay thousands of dollars more for | | | | Whenever I buy something on the Internet, I |
| a car from a dealer than from an individual? | | | | make sure there is contact information with a |
| Because the dealer takes the fear out of the sale. | | | | toll-free 800 number and a Satisfaction Guarantee |
| The dealer will take a trade-in, give financing and | | | | Statement. I suggest when buying a Bill of Sale |
| smoothly run through the paperwork. You also | | | | Form on the Internet, you use the same policy. |
| want to have high quality paperwork so the | | | | Receiving Payment for Your Car |
| buyer feels safe. Make sure you provide a bill of | | | | It’s a good idea to meet at your bank to sign |
| sale form that makes your buyer feel confident | | | | paperwork and receive money. Ask for cash, |
| and secure. The form must be professional and | | | | wired funds, cashier’s check (be careful, |
| look like something they would sign at a | | | | some people are printing fraudulent cashier’s |
| dealership. Otherwise they could get cold feet and | | | | checks-call the bank. Use the number from the |
| change their minds and go to a dealer. | | | | phone book, not the one on the check.), or a |
| Make Sure the Form can be Edited | | | | cleared personal check. Make sure all money is |
| Many forms sold on the Internet are in PDF | | | | cleared before you sign the Bill of Sale. That is |
| format. Some of these forms require ownership | | | | why you want cash, wired funds, or a |
| of PDF software in order to fill in the blanks. Most | | | | cashier’s check—you want to sign the |
| people own the free PDF software to read a file | | | | document while your buyer is with you and the |
| but they don’t own the software to edit a | | | | funds instantly clear. |
| file. If you do not have this software, then buy | | | | Use a document with all of these safety features |
| the form in MS Word. It is important that the | | | | and you and your buyer will be happy and secure |
| blanks be typed. If you hand write in the blank | | | | and you will see a smooth transaction with no |
| spaces then your form will not build confidence | | | | worries for the future. |
| with the buyer. | | | | For one of the only companies that meet all |
| Bill of Sale Forms with Better Protection | | | | these features we recommend Best Bill of Sale. |