![]() Below are a series of steps designed to guide you through the process. A key component of that is the execution of a motor vehicle bill of sale. There is a certain protocol that must be followed when selling or buying a vehicle during a private sale. How to Privately Sell or Purchase a Motor Vehicle ![]() Think of it as a receipt that may be referred back to in the event that there is ever a legal dispute or you need to supply evidence for tax reasons. ![]() That being said, most states still require that the previous owner sign-over the vehicle’s title to the buyer, but the bill of sale can provide additional information regarding how the exchange transpired. What is a Bill of Sale Most Commonly Used For?Ī bill of sale is most frequently deployed for the purchase and sale of a motor vehicle. Signing Requirements – Depending on the State, a bill of sale must be signed by both parties and notarized.
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