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Highlight Text Vehicle Bill Of Sale Template

Highlight Text Vehicle Bill Of Sale Template

Aug 6th, 2022

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How to Highlight Text Vehicle Bill Of Sale Template

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A bill of sale may or may not be required when selling a car, depending on the state or country. It serves to protect both buyers and sellers by reducing fraud, settling disputes, and facilitating transactions, acting mainly as a receipt or proof of purchase rather than a contract. However, it does not prove ownership of the vehicle but confirms payment. A typical bill of sale includes the transaction date, names and addresses of the buyer and seller, a description of the vehicle, and its VIN number. Some states may have specific requirements, such as needing the bill of sale to be notarized or submitted to authorities.

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