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A trailer bill of sale is an essential document used to prove the sale and purchase of a trailer. It should be used anytime a new or used trailer is bought or sold, as trailers are used to transfer various items and are usually towed by another vehicle. The bill of sale is crucial for both the buyer and the seller, acting as a receipt, proof of ownership, and protection against liability for hidden defects. Key information to include in the bill of sale is the date of sale, seller and buyer's names and addresses, trailer description, VIN, purchase price, and signatures of both parties. Official templates for trailer bills of sale can be easily obtained.
