Bill Of Sale: Fill & Download for Free

A Bill of sale signed by the buyer works wonders. My father died a few days after a guy bought a piece of farm equipment. The bill of sale was on the only piece of paper dad found that day. It was literally on a paper plate. Odd, but knowing my father, perfectly legal and understandable.Guy showed up in the spring for the disc harrow. This is a stock photo. I never thought to photograph it.I told him Dad had passed away did he have a Bill of sale. When the guy produced a paper plate I smiled as that was just like Dad. I helped him load it up and shook his hand.A Bill stating as is where is and how is protects the seller should the transmission go bad on the way home. People have also gotten cold feet and tried to sue the seller. My son had this happen to him. Like his grandfather he knew to have a bill of sale signed by both parties stating as is, how is, where is. The court threw the lawsuit out.

That’s why you insist on a bill of sale stating what you paid, what you paid for, the date you paid, and the terms “as is”.A copy for you, and a copy for the seller.It’s called CYA.An ounce of prevention is worth a pound of cure.If a person is stupid enough to buy one without a bill of sale, they deserve any trouble they encounter.

Welcome to the wondrous world of automotive accounting.There are a number of reasons why a dealer will happily sell a car for less than invoice.For one, the dealership counts on selling you other profitable items like insurance, extended warranties, accessories and similar items. These all have very high markups.Secondly the invoice shows the price paid at the time of sale, but does not reflect any manufacturer incentives that are created to move slow selling inventory.And there are times when a dealer wants to get rid of a car that hadn't sold in order to replace it with a car that will sell faster. This is especially true if the dealer financed the buying of the car, and is paying interest monthly.There are also times when selling a certain number of vehicles will get the dealership bonuses or price reductions or other incentives from the manufacturer.U.S. manufacturers typically have a “hold back” which is a percentage of the invoice (3%-4%). Upon sale of that vehicle, the dealer bills the hold back to and is paid by the manufacturer.Edit to add. Someone suggested I add The dealer prints his own invoice. The dealer prints a bill of sale for the customer, but receives an invoice from the manufacturer. I have only seen invoices printed by the manufacturer, though I know the push is towards paperless documents. In any case what we are discussing is the manufacturer’s invoice to the dealer.