Trailer Bill of Sale

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What Is a Bill of Sale?

A BILL OF SALE IS:

  • A general form that documents the transfer of a used or
    high-valued item from a seller to a buyer
  • A sales receipt for the purchase of vehicles, animals, and personal property such as bikes and firearms
  • Proof that a private sale occurred between friends, family, or acquaintances, or through a buy, sell, and trade website

What Information Is Required in a
Bill of Sale?

Information required in a Bill of Sale includes:

  • Date of purchase
  • Location of property
  • Contact details for both the buyer and seller
  • Description and condition of the item
  • Sale price and form of payment
  • Liens or loans on the property

What Items Should Be Sold With a
Bill of Sale?

A Bill of Sale is most commonly used for the private sale of:

  • Vehicles: cars, motorcycles, and RVs
  • Animals: cats, dogs, horses, and other livestock
  • Firearms

A Bill of Sale can also be used for the following exchange of goods:

  • Boats or other watercrafts
  • Airplanes or other aircrafts
  • Electronics: cell phones, computers, and gaming consoles
  • Personal property: bicycles, musical instruments, and jewelry
  • Appliances, tools, furniture, and exercise equipment

Why Do I Need a Bill of Sale?

Creating a Bill of Sale benefits both the buyer and seller.

For the seller, a Bill of Sale:

  • Demonstrates proof that an exchange of goods took place
  • Protects them from any liability related to the quality or lifespan
    of the item if sold "as-is without any warranties"

For the buyer, a Bill of Sale:

  • Demonstrates proof of payment for the item
  • Transfers legal ownership of the item to the buyer
  • May be required for registration or insurance of the purchased item under the buyer's name

When Do I Use a Bill of Sale?

Use a Bill of Sale when:

  • Payment will be made in full at the time of exchange
  • You are selling personal property in "as-is" condition. An "as-is" sale protects the seller from any liability related to defects or deficiencies in the product after the exchange.

Bill of Sale Sample

State of Alabama

$____________ USD

Bill of Sale of Vehicle

IN CONSIDERATION OF the sum of $____________ USD, inclusive of all sales taxes, paid by cash, the receipt of which consideration is acknowledged, ________________________ of ____________________________________ (the 'Seller'), SELLS AND DELIVERS to ________________________ of ____________________________________ (the 'Purchaser'), the following vehicle (the 'Vehicle'):

Year
__________

Make
Ford

Model
________________________

Body Type
________________________

Color
White

Vehicle Identification Number (VIN)

Odometer Reading
______________ miles

The Seller warrants that (1) the Seller is the legal owner of the Vehicle; (2) the Vehicle is free from all liens and encumbrances; (3) the Seller has full right and authority to sell and transfer the Vehicle; and (4) the Seller will warrant and defend the title of the Vehicle against any and all claims and demands of all persons.

The Vehicle is being sold in an 'as is' condition and the Seller expressly disclaims all warranties, whether expressed or implied, including but not limited to, any implied warranty of merchantability or fitness for a particular purpose. Further, the Seller disclaims any warranty as to the condition of the Vehicle. The Seller does not assume, or authorize any other person to assume on the behalf of the Seller, any liability in connection with the sale of the Vehicle. The Seller's above disclaimer of warranties does not, in any way, affect the terms of any applicable warranties from the manufacturer of the Vehicle.

The Purchaser has been given the opportunity to inspect the Vehicle or to have it inspected and the Purchaser has accepted the Vehicle in its existing condition. This Bill of Sale will be construed in accordance with and governed by the laws of the State of Alabama.

SIGNED, SEALED, AND DELIVERED
this ______ day of _______________, ______.

    


_____________________________
________________________
(Seller)



_____________________________
________________________
(Purchaser)
     


Federal and State Law requires that the Seller state the Mileage upon transfer of ownership. Failure to complete or providing an inaccurate or untruthful statement may result in fines and/or imprisonment.

Odometer Disclosure Statement

I, ________________________ of ____________________________________ (the 'Seller'), STATE AND DECLARE that the following vehicle's (the 'Vehicle') odometer reads as follows:

Year
__________

Make
Ford

Model
________________________

Current Odometer Reading
______________ miles

Vehicle Identification Number (VIN)

Body Type
________________________

I CERTIFY that to the best of my knowledge the odometer reading as stated above reflects the actual mileage of the Vehicle. I CERTIFY that the odometer of the Vehicle was not altered, set back, or disconnected while in my possession, and I have no knowledge of anyone else doing so.

SIGNED, SEALED, AND DELIVERED
this ________ day of ________________, ________.

    


___________________________
Seller: ________________________
Address: ____________________________________
     

Do I Need Another Type of Sales Form?

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