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