{"id":8520,"date":"2023-05-05T07:48:00","date_gmt":"2023-05-05T07:48:00","guid":{"rendered":"https:\/\/www.freeway.com\/knowledge-center\/?p=8520"},"modified":"2025-01-17T16:15:36","modified_gmt":"2025-01-17T16:15:36","slug":"what-is-a-bill-of-sale-for-a-car","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/knowledge-center\/auto\/what-is-a-bill-of-sale-for-a-car\/","title":{"rendered":"What’s a Bill of Sale and What’s It For?"},"content":{"rendered":"\n
A bill of sale is a notarized legal document that specifies the transfer of ownership of an asset from a seller to a buyer. Both parties sign the bill of sale, which acts as a receipt, as well as proof that the old and new owner have agreed to the terms of the sale. <\/p>\n\n\n\n
Although a bill of sale can be used for the transfer of almost any item, many people want to know: what is a bill of sale for a car? We\u2019ll provide a comprehensive answer specifically related to transferring ownership of a vehicle and how to use a bill of sale in the process. <\/p>\n\n\n\n
If you are in the market for a new or used car, don\u2019t forget to check with your car insurance<\/a> company to find out how much your coverage will be with your new ride. <\/p>\n\n\n\n A completed bill of sale should include key information describing the object being sold, and other particulars. In the case of selling and buying a motor vehicle, the bill of sale should include: <\/p>\n\n\n\n Regardless of whether this is a transaction between private parties or through a dealership, these components are in place to make sure there are no misunderstandings or disputes down the road. <\/p>\n\n\n\n Not all states legally require or use a bill of sale. Some of the states that do not include North Carolina, New Hampshire and Louisiana. However, you should check with your state DMV to understand the laws where you live. <\/p>\n\n\n\n A bill of sale for a car will resemble types used for a variety of items, from boats to firearms. Even in the situation where a car is a gift, a bill of sale can spell out information that may be important, such as any accidents the vehicle has been in and a vehicle history report. Other types include: <\/p>\n\n\n\n A bill of sale for a car is an important piece of protection for both buyers and sellers. If you live somewhere that doesn\u2019t require a bill of sale, it\u2019s a good idea to insist on one anyway to reduce your chances of problems later. In some places, state law will dictate the different requirements included in the document. You can write and design your own or you can go to your state\u2019s DMV site and find a template, which may be easier. <\/p>\n\n\n\n However, you choose, here are the steps to create your own bill of sale for a car. <\/p>\n\n\n\n Afterwards, both parties should keep a copy of the bill of sale for their records. <\/p>\n\n\n\n The buyer will use the completed document to transfer the title into their name. Transferring the title is typically required by law and needs to be done in a certain time frame. Most states conduct this business at the DMV or the tax office and there will be fees to pay. <\/p>\n\n\n\n If you are the seller, you should accompany the buyer to the correct office to transfer the title. This will protect you if the car is subsequently involved in criminal activity or even simply involved in an accident. If you are the buyer, this protects by establishing your legal ownership of the car. <\/p>\n\n\n\n If you purchase a new car<\/a> from a dealership, they\u2019ll typically handle all of the transfer of titles, etc. <\/p>\n\n\n\n First and foremost, a proper bill of sale provides proof of ownership and proof of purchase. This can offer protection to both sides. If the vehicle is involved in a wreck or leaves the scene of an accident, the former owner will not be held liable. Likewise, nobody will be able to come forth and accuse the new owner of theft. <\/p>\n\n\n\n These are some of the legal reasons you\u2019ll want this protection. A proper bill of sale will also offer some valuable information about the vehicle, so no one is surprised. And, in some states, it means compliance with the law. <\/p>\n\n\n\n If something does come up after the sale, this document may assist a lawyer if you need to hire one to represent you in court. Always seek legal advice to make sure your purchase or sale is above board and legal. You want the new owner to be completely responsible for the car. <\/p>\n\n\n\n At Freeway Insurance, you can make it easy to get affordable car insurance with a fast and free quote online<\/a>. Feel free to give us a call at (800) 777-5620<\/a> or stop by one of our convenient locations<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":" A bill of sale is a notarized legal document that specifies the transfer of ownership of an asset from a seller to a buyer. Both parties sign the bill of sale, which acts as a receipt, as well as proof that the old and new owner have agreed to the terms of the sale. Although […]<\/p>\n","protected":false},"author":1002630,"featured_media":8521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[78,5],"tags":[],"importance":[],"type-content":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/8520"}],"collection":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/users\/1002630"}],"replies":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/comments?post=8520"}],"version-history":[{"count":1,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/8520\/revisions"}],"predecessor-version":[{"id":8524,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/8520\/revisions\/8524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/media\/8521"}],"wp:attachment":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/media?parent=8520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/categories?post=8520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/tags?post=8520"},{"taxonomy":"importance","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/importance?post=8520"},{"taxonomy":"type-content","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/type-content?post=8520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What Should be Included in a Bill of Sale for a Car? <\/h2>\n\n\n\n
Types of Bill of Sale for Cars <\/h2>\n\n\n\n
<\/figure><\/div>\n\n\n\n
How to Create a Bill of Sale for a Car\u00a0<\/h2>\n\n\n\n
The Importance of Transferring the Title <\/h3>\n\n\n\n
Why is it Important to Have a Bill of Sale? <\/h2>\n\n\n\n
Find Affordable Car Insurance Online to Complete Your Vehicle Purchase <\/h2>\n\n\n\n