As a seller or a buyer, the vehicle bill of sale also helps you in accounting and taxation reporting. It serves as one of the important documents that prevent the misunderstanding between the buyer and the seller and confirm the buyer’s ownership when trying to obtain auto insurance. Why do you need to use a Vehicle Bill of Sale?Ī Vehicle Bill of Sale shows that the buyer is a legal owner of the car. The vehicle bill of sale should include the date of sale, a description of the car, its mileage at the time of sale, the license plate number, the sales price, any warranty information, and the full names and addresses of both buyer and seller. Vehicle Bill of Sale What is a Vehicle Bill of Sale?Ī vehicle bill of sale is a legal document verifying that you have transferred ownership of your vehicle to another person.
