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To record the transaction, a bill of sale must outline every aspect of the agreement. This means including basic information about the buyer, seller, and purchase price, as well as docHubd signatures from both parties.
A bill of sale provides solid proof that a transfer was made, and therefore all liability now rests with the new owner. It also acts as a receipt for your own personal records.
Think of the two documents as complementary. While a bill of sale certifies a transfer of ownership between two parties, a title certifies the buyers legal ownership. Its the final step in the process and proves that the buyer is the legal owner.
What You Should Include on a Bill of Sale The date of the sale. The sale price. The full name and address of both the buyer and the seller. A general description of the vehicle, including its make, model, and condition. The vehicle identification and license plate numbers of the car.
Completed Application for Texas Title and/or Registration (Form 130-U) (seller signature is not required, and may be a copy) Applicants current driver license or government-issued photo identification. Proof of current insurance. Proof of current Texas inspection, if applicable.

People also ask

To record the transaction, a bill of sale must outline every aspect of the agreement. This means including basic information about the buyer, seller, and purchase price, as well as docHubd signatures from both parties.
A Texas bill of sale is required if you are selling your car. The importance of this document should not be overlooked, as the car sale cannot be legally completed until you properly file a Texas bill of sale. Before you sell your car, make sure you can handle this important step of the sales process.
A bill of sale is a legal document that a seller fills out and signs and gives to the buyer.
Though standard form bill of sales are available online and from your local county tax collectors office, its also perfectly acceptable to write your own.
In Texas, a bill of sale is not legally required; however, creating or obtaining one is a valuable way to verify a sale, especially when selling expensive personal property such commercial equipment or precious metals.

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