Whether you're selling a car, a guitar, or a puppy, it is critical to state exactly what will and will not be covered when it comes to parts and/or labor, especially if the purchaser is responsible for some portion of the expense.
BILL OF SALE TEMPLATE PRINTABLE TRIAL
A limited warranty explains what kinds of damage and item parts are covered for a specific amount of time, such as a trial period. For example, if a person buys a used car from you and the motor breaks down after he or she drives away, you are not responsible for the repairs or damages, as long as your automotive bill of sale provides proof that the vehicle was sold as-is.Īs a seller, you may consider offering a warranty to sweeten the deal for the a prospective purchaser. Indicating on a bill of sale that you have sold an item "as is" protects you as a seller if the buyer encounters problems with the item after purchase. Once the decision has been made, it's important to clearly outline the terms in the bill of sale contract. How do I write a Bill of Sale for a used car?Īs a seller filling out your motor vehicle bill of sale form, you should have the following information available:įor other non-automotive property, you'll want to include an accurate detailed description of the item being sold, either within the sales agreement itself, or as an attached exhibit.ĭeciding whether to sell items on an as-is basis or with a warranty depends on the type of item being sold and whether or not offering a warranty makes financial sense for the seller.If you're selling a couple old fishing lures or making other small-scale sales, it might be more trouble than it's worth. If you're selling a guitar, a bill of sale makes a lot of sense. This is a matter of personal preference for the buyer or seller, but most people do not feel it necessary to use a bill of sale bill of sale for lower-cost items. If you are a business receiving payment for goods sold, you can use a general receipt. If services are involved (such as woodworking, babysitting, business consulting, etc.), it's a better idea to use a general contract for services. Real estate transactions are simply much more complicated and require different forms, such as a quit claim deed, or forms available only from your state or local government.Ī bill of sale should be used when transferring ownership, not when performing services. If you're planning on transferring real estate between owners, you can't use a bill of sale agreement.
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