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A trailer bill of sale is an official document that serves as proof of the sale and purchase of a trailer. It should be used whenever buying or selling a new or used trailer, which is defined as any vehicle used to transfer items, and typically towed by another vehicle. The bill of sale is crucial for both parties: it acts as a receipt and proof of ownership while protecting the seller from any liability arising from repairs or defects after the sale and providing the buyer with evidence of the transaction. Essential elements to include are the sale date, seller’s and buyer's names and addresses, trailer description (including make, model, year, and VIN), and the purchase price.
