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