| It is important to complete an auto bill of sale | | | | other states, all that's required is that the title |
| form when selling or buying a used car. For the | | | | assignment section on the title be completed and |
| seller, an auto bill of sale form provides proof that | | | | signed. Many of these states have added to the |
| title to the used car has been legally transferred. | | | | title assignment section of the title the information |
| For the buyer, the auto bill of sale form | | | | that was previously collected with separate |
| documents the purchase of the used car. The | | | | documents (i.e. odometer disclosure statement, |
| auto bill of sale form should contain: | | | | sales price/tax statements, etc.). In these states, |
| 1. name and address of the buyer; 2. name, | | | | an auto bill of sale form is not required to register |
| address and signature of the seller; 3. complete | | | | the used car and is used by the seller/buyer to |
| vehicle description, including the Vehicle | | | | document the initial sale/purchase of the |
| Identification Number(VIN); 4. description of | | | | automobile. |
| trade-in, if any; 5. purchase price of the vehicle. | | | | A promissory note form is a written promise to |
| Auto bill of sale forms are required in many | | | | pay money to someone. A promissory note form |
| states to register the newly purchased used car. | | | | can be used to create a legally binding agreement |
| These states usually require a state specific auto | | | | when financing the sale of personal property, such |
| bill of sale form that documents specific | | | | as a used car. You can complete a promissory |
| information such as the purchase price for tax | | | | note`s payment schedule to fit your needs. You |
| assessment or to obtain the actual mileage | | | | set out the terms of the loan in a secured |
| odometer reading of the used car. A generic auto | | | | promissory note form: how much is loaned, the |
| bill of sale form will not be accepted in these | | | | interest rate, the rate of repayment and the |
| states. You will need to obtain a state specific | | | | security interest. |
| auto bill of sale form. To register a used car in | | | | |