3 Things Every Motor Vehicle Bill Of Sale Should Have

Know about 3 important things that should be there in every motor vehicle bill of sale.

While purchasing a vehicle, it is important to spend some more time in finding a good printable bill of sale form that contains all the important points about the transaction. You may download such forms or make one of your own. No matter which option you choose, it is essential for you to ensure that the form covers 3 important things. As a matter of fact, every form of bill of sale – whether it is for an automobile or an ATV or boat, should consist of these things. For more information about getting a bill of sale in Hawaii, please visit this website.

Ownership details

The blank bill of sale form must clearly mention that the seller has stated the vehicle in question to be his own legal property, and it has no outstanding debts against it. Nobody wants to buy a vehicle having a lien against it or one that is stolen.

VIN

The VIN or Vehicle Identification Number of the vehicle is a must when you are buying a used car. It can be used to conduct a background check on the car and find out whether it comes clean. There should be signature of both parties at the end of the car or boat bill of sale page – that is, the signature of both the seller and the buyer – which is essential to show that the seller acknowledges that the information provided is correct and true. In some forms, there is a section where a notary can witness the buyer’s and seller’s signatures to ensure better security and peace of mind.

Odometer reading

The odometer reading during the sale of the vehicle is another vital piece of information. In simple words, it means that number of miles that the car has travelled. This is important, given that it is a practice in many areas for sellers to roll the odometer back in order to get a better selling price for their car. This is nothing but a fraudulent practice that is punishable by law. If you are the seller, you must put in correct odometer reading details in the motorcycle bill of sale – which would prove your innocence in the future if you are ever questioned by the authorities about the vehicle.

Read another blog about bill of sale document here at - https://billofsaledocument.tumblr.com