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Promissory Note in Connection with Sale of Vehicle or Automobile - South Carolina 2025

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This document is a promissory note related to the sale of a vehicle, outlining the terms of payment from the buyer to the seller. It specifies the amount owed, payment schedule, interest rate options, and conditions for default, including repossession rights for the seller. The note also addresses title retention and security interests in the vehicle.

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Do I need a bill of sale to sell a car in South Carolina?

The price and odometer reading at the time of sale must be included on the back of the title. If it is not there, you will need the Bill of Sale. A signed Bill of Sale/Buyers Order is required for all title transactions showing the total sale prices of the vehicle, minus any trade-in value.

What is a promissory note for the sale of a motor vehicle?

A simple car promissory note should contain the following information: Both the buyers and the sellers names and addresses. The manufacturer, model, year, and vehicle identification number of the automobile (VIN) Loan terms, including loan amount, interest rate, and payment schedule.

What documents do I need to transfer a car title in South Carolina?

You will need that title and the items below to officially put the title in your name. Back of the title is completed to show you as the buyer and the person whose name is on the title/selling you the vehicle as the seller. Completed Title Application (SCDMV Form 400) Title fee.

Can a bill of sale be handwritten in SC?

It is important to make sure all the requirements for the respected state law are included in the bill of sale. As, with any legal written document a bill of sale can be handwritten.

Does a promissory note need to be notarized in South Carolina?

A valid promissory letter should have your signature (borrower) and that of your cosigner (if available). However, in South Carolina, you dont need to notarize your agreement to make it valid.

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How do you write a promissory note for a car?

FOR VALUE RECEIVED, the undersigned Buyer(s), promise to pay to the order of , Seller(s), whose address is , the sum of ($), together with no interest, or with interest of percent per annum, payable in monthly installments of

Promissory Note in Connection with Sale of Vehicle or Automobile - South Carolina 2025

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Do I need a bill of sale to sell a car in South Carolina?

What is a promissory note for the sale of a motor vehicle?

What documents do I need to transfer a car title in South Carolina?

Can a bill of sale be handwritten in SC?

Does a promissory note need to be notarized in South Carolina?

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