Free Vehicle Bill Of Sale Template For Word
For those in the used car business, and even those who are in the car dealership industry, this Free Vehicle Bill of Sale Template for Word is a useful template. You can use this to document the sale and transfer of a vehicle to the buyer.
Like many Billing Templates, the Free Vehicle Bill of Sale Template for Word acts as a receipt on the sale and transfer of a specific vehicle from the seller to a buyer, with a specified amount and payment agreement.
This Car Bill of Sale Template indicates the Make, Year, Model or Series, VIN Number, Color, Style and TItle Number of the Vehicle. It also indicates the mileage of the vehicle through the Odometer Reading.
This bill template also states the conditions and representations of the sale. It indicates acknowledgement of the seller upon receiving a certain amount of down payment for the vehicle from the buyer, as well as an agreement that the full amount of payment and title transfer will take place within a certain number of days.
This template also states that the buyer can have the vehicle inspected by a mechanic, and that no sale can take place if the vehicle inspection is found unsatisfactory to the buyer. This protects the buyer from buying a faulty vehicle, or paying an overpriced amount.
This Free Vehicle Bill of Sale Template also states that the odometer was not altered and that the seller believes, to the best of his knowledge, that the vehicle is being sold in good operating condition. This protects both the seller from any liability in the future, such as fines and violations, and the buyer from wrongfully making a wrong buying decision.
A Vehicle Bill of Sale is a wise documentation of the transaction. Whether you are a buyer or the seller, you should never walk out of a vehicle sale transaction without a copy of the Vehicle Bill of Sale. Thus, this template may be used by both parties when conducting the transaction. This ensures that both parties have an agreement and a signed document for proof to avoid legal issues that could arise down the line.