Used Car Bill Of Sale

What is the information In a Used Car Bill Of Sale?

A Bill of Sale (BOS) form is a type of document that is needed whenever a vehicle is sold or purchased in any state of The United States of America. It is a document that contains important data and all the essential factors outlining the record of an automobile.

It contains all the important details about the vehicle as well as the two owners of the asset, the former and the present - or the seller and the buyer. These are some important pieces of information contained in a used car BOS.

Date of sale

The date on which the car is being sold is mentioned in the document. It serves as a record to show that on a specific date the transaction occurred and the change of ownership from the seller to the purchaser happened.

Details of both parties

Neither party can say that he or she was not involved in the transaction. The BOS document includes details of both parties - the seller as well as the buyer, including their names, contact addresses, contact numbers etc. In case of any legal issue arising in relation to the said vehicle, both parties can be contacted and produced in the court - if need be.

Information about the vehicle

A used car bill of sale can include all the relevant information about the vehicle which is being sold, such as:

• Vehicle make and vehicle type, such as whether it is a scooter on a boat or a motorcycle or a four wheeler automobile

• Vehicle identification number (VIN)

• Year of vehicle manufacture

• Odometer reading

• Warranty information

Specific information related to the history of a car can be easily obtained from this legally binding document and used for reference or investigation work if there is a need for the same.

In a few states in the United States, such as New Jersey, sellers of cars need to possess notarized, dated and signed BOS documents. This happens to be a part of the title transfer documentation.

Vehicles that are bought at cash for car deals or at public auctions need to have BOS documents mandatorily printed on the letterhead of a public agency. Please visit this site to get a sample bill of sale in TN.