A Bill of Sale is a type of legal document used for the transfer of the ownership of items or goods such as boat, car etc or while selling the same. A standard Bill of Sale is offered to the buyer by the seller and is based on a number of circumstances. Find out what you need to look for in a bill of sale in Utah form. For more information about vehicle bill of sale, please visit this website.
The odometer reading is an important information piece that has to be recorded during the sale. It just refers to the number of miles that the vehicle has been driven for. This is not there in a few bill of sale forms. This is important due to the reason that the practice of odometer rollback is common, in order to get a higher resale value.
Proof or statement of ownership
The bill of sale form should have a statement by the seller which states clearly that he has a legal ownership of the vehicle and has the right to sell it, as well as the fact that no debts are there against the vehicle. Nobody wishes to purchase a stolen vehicle, knowingly or unknowingly, if there is a lien against it. You can download and check a free bill of sale form to find out how it is to be written.
The document should also have the signatures of the seller as well as the buyer. It is not a good idea to record any other information in case the seller never signs the paper and make an attestation that it is proper and true. A few forms also have a section for the signatures to be witnessed by a notary for more security and reassurance. A blank bill of sale form is never complete without a proper signature.
Read more articles about sample bill of sale here at - https://uberant.com/article/595362-what-should-be-included-in-a-motor-vehicle-bill-of-sale/