Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Legal Forms for Business Agreements and other Legal Forms topics.
One of the most important times to use a bill of sale is when buying or selling a vehicle. A bill of sale document is proof that the ownership of the vehicle was transferred from one party to another.
On the bill of sale, you should always indicate if the vehicle is being sold "as is" or if there is any warranty period. If you purchase a vehicle "as is," you are accepting any problems that arise with the vehicle in the future. To protect yourself, be sure to have the car, motorcycle or vehicle thoroughly checked by your own mechanic.
Additionally, you will use the bill of sale as proof of how much you paid for the vehicle for tax and other purposes. At RocketLawyer.com, you can purchase a bill of sale specifically designed for vehicle sales and it only takes a couple minutes to complete.