Promissory Note in Connection with Sale of Vehicle or Automobile - Rhode Island 2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the total amount of the loan in the space provided for '$_____'. This is the sum you are promising to pay.
3. Fill in the date and county at the top of the form. Ensure that this reflects when and where the agreement is made.
4. In the section labeled 'FOR VALUE RECEIVED', enter the Seller's name and address, as well as your name as Buyer. This identifies both parties involved.
5. Specify whether interest will be charged on the loan by selecting 'with interest' or 'no interest'. If applicable, indicate the interest rate and monthly payment amount.
6. Complete details about vehicle identification including Make, Model, Year, and VIN. This ensures clarity on what vehicle is being financed.
7. Decide whether title will be retained by Seller or transferred to Buyer upon execution of this note. Check the appropriate option accordingly.
8. Finally, have all parties sign at the bottom of the document, ensuring that each Borrower/Buyer includes their Social Security Number for identification purposes.

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