Is A “Bill of Sale” Needed To Sell Your Car?
Did you know that in most states a Bill of Sale does not actually transfer legal ownership of your car to the new buyer when you sell it privately? For those states, the actual transfer is done through the DMV.
However, some states require a Bill of Sale for a private deal to be completed. In my new book, HELP! I Gotta Sell My Car NOW! I recommend that you complete a Bill of Sale if your state requires one or not. Here is why:
A Bill of Sale makes the sales transaction explicit by identifying what is for sale, any conditions attached, and the price.
HELP! NOW! also outlines what a Bill of Sale should include in case you want to take a stab at it on your own:
- The vehicle identification number (VIN)
- year, make, and model
- odometer reading (mileage)
- date of sale
- purchase price
- be sure to include the phrase “sold as is,” unless you have agreed to something else
- names and addresses of buyer and seller
- signatures of buyer and seller
To make sure you get it right it’s actually easier to download an attorney prepared Bill of Sale online. For a small fee, you can get a professional document that has been specifically designed for you state. Go to Find Legal Forms for an Auto Bill of Sale
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Find more tools for buying and selling vehicle on my website at www.BayAreaCarGuy.com/tools.
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L. James Johnson’s new book, HELP! I Gotta Sell My Car NOW! New Rules for Selling Your Vehicle Online! is available for download at BayAreaCarGuy.com.
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