The 4 Things You Should Look For in a Printable Bill of Sale Form
Most consumers are aware of the advantages provided by a bill of sale when buying or selling a second-hand car but are unsure about how to write their own. If you decide to look for a printable bill of sale form online there are four main points that you need to ensure are included so that it will provide you with the highest level protection and security possible. This article will discuss each of these four points and explain why they are important.
The first thing to look for in a printable bill of sale form is an odometer statement. The odometer is that dial on the car that shows how many miles it has traveled. The reason your bill of sale form should include this is because it is becoming increasingly popular for people to 'roll-back' the odometer to a smaller number in hopes of gaining a higher resale value on the car. The unsuspecting buyer of the vehicle ends up with a car that has more wear and tear than they were led to believe.
The second thing need to check for is a statement by the seller that states that the car is legally theirs to sell and that there are no encumbrances outstanding against it. This will prevent you from ending up with a stolen vehicle or one on which money is owed.
Another important inclusion to look for is a section for not only the name and address of the seller, but also their drivers license details. By sighting their license and confirming that they have given their real name, address and license number, you can feel confident that if any problems arise it will be easy to contact them again.
Lastly it is important to ensure that there is space for the signatures of both the buyer and seller. By having the seller sign the completed bill of sale, they are in effect stating that the information contained in it is correct to the best of their knowledge. An unsigned form leaves room for the possibility of disputes arising after the sale.
It is recommended that all buyers or sellers of any used vehicle document the transaction with a bill of sale. Professional printable bill of sale forms are available from http://www.AutoBillOfSale.org
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