Bill Of Sale Download Bill Of Sale Download: Fill & Download for Free

It depends on how you handled the sale. Many private sellers fail to execute a bill of sale—big mistake.Let me share how I do it, which should keep you out of trouble.AT A BANKThere are some risks in selling a car in your own driveway by signing the title and letting the buyer drive away. Obviously, in that case, you’d accept only cash, but there are laws about exchanging lots of cash.So, do the sale at the customer service desk of your personal bank.You can download a standard bill of sale online and print a copy, then complete all blanks except for the signatures. Make two if you can, or let the bank copy the completed form.You and the buyer meet at to your bank and sit down with the customer service agent on hand, making sure that person is a notary public—call ahead to make sure a notary will be on duty. Banks provide notary service free to customers.AVOID A RISKY MOMENTAt some point in the sale you have to sign the title over to the buyer and at that moment the car belongs to them—even if they fail to give you the money and sign the bill of sale.But there is no risk if the both of you are sitting at a desk in a bank with security cameras recording you and a notary public witnessing everything. Here are the steps:You hand your title to the bank agent and the seller hands the cash to the agent. A nice feature of this is that your money will be deposited immediately. Another feature is that you can accept a wire transfer from the buyer. This is what I’ve done because the amounts have been high enough—between $21,500 and $37,500—that cash didn’t make sense.The agent makes a photocopy of the bill of sale and then you both sign both copies and have them notarized. The agent gives each of you a copy.Then, and only then, do you sign the title and hand it to the agent.The buyer either hands the cash to the agent or executes a wire transfer.The money goes into your account, either by wire transfer or by the agent counting the cash and depositing it in your account and giving you a receipt.The agent hands the title to the buyer.Back then, we shook hands and left. I guess these days you can bow or elbow-bump.You cannot get in trouble if you do it this way and it will take about 5–10 minutes at the bank.

There are lots of sub-questions to ask on this. Regardless of how you pay for the car, you need to make sure you know if they have the title, or if there is a loan on the car. If they own the car they should have the title. If they have a loan, they will not.Make sure you know who owns the car. If there's a title it will have their name, otherwise it should show on the car registration. There might be more than 1 owner. Make sure ALL owners sign the bill of sale. If the title or registration has an "AND" between the names, it will be required to get signatures from both owners. If there is an "AND/OR" you'll only need one of the names to sign the bill of sale.The bill of sale is the contract. You can Google it and download a copy, buy one at an office supply store, or get your bank or credit union to supply one. I have seen bills of sale handwritten on a napkin--they work but you'll need to make sure all the relevant information is there. If there is a title, the title can be used as a bill of sale.If there the owner currently has a loan you want to make sure that you write the check to the Financial Institution holding the loan (have your bank or credit union help you draw up a cashier's check for this purpose). You can have the seller request a "10-Day payoff" which shows the future balance of the loan to make up for mail time. If you're buying the car for more than what is owed you can do a second check to the seller for a difference.Don't buy a care that is being sold for less than what it is worth--make the seller pay the difference first.If there is a title involved, the seller will sign it over to you and you can take it to the DMV to pay taxes and registration. If the seller had a loan you can get a temporary registration with the bill of sale until you receive the title in the mail.Sounds harder than it is.

Where I live (Alberta) there is a link to a Bill of Sale pdf on the back of the vehicle registration certificate. You just download the document, fill out the information about the vehicle, both you and the buyer sign it, the buyer hands you the money or cheque, and off you both go, you with the money and the buyer with the car. It’s worthwhile to do two copies of the Bill of Sale, one for each of you, in case you have to prove you sold the car.The buyer needs this document to register the car in his own name. You keep the license plates here. Often you do this in the parking lot of a registry office because the buyer can’t drive it anywhere without plates.In the old days, there used to be a Bill of Sale on the back of the registration certificate itself, so you and the buyer just filled it out, he kept the document, and you kept the money or cheque.Sometimes, if a car died on the highway, the owner used to fill out the Bill of Sale on the back of the registration, sign it, put the registration on the dash with the keys on top of it, take the plates off, and walk away. If someone wanted a free car to fix up, there it was. If not, I assume the police found a new home for it somewhere. There was always the wrecking yard.