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How to use or fill out Promissory Note in Connection with Sale of Vehicle or Automobile - Maryland
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Click ‘Get Form’ to open it in the editor.
Begin by entering the sale amount in the designated field labeled '$_____'. This is the total amount you are borrowing for the vehicle purchase.
Fill in the county and date fields at the top of the form. Ensure that you enter '____ County, Maryland' and today's date accurately.
In the section labeled 'FOR VALUE RECEIVED', input your name as Buyer(s) and the Seller(s) name along with their address. This identifies both parties involved in the transaction.
Specify whether interest will be charged by selecting either 'with interest of ___ percent per annum' or 'no interest'. Fill in any applicable amounts for monthly installments and due dates.
Complete vehicle details including Make, Model, Year, and VIN in the provided fields to identify the vehicle being financed.
Decide on title retention by checking one of the options regarding whether it will be retained by Seller or transferred to Buyer upon execution of this note.
Finally, have all Buyers sign at the bottom of the document, providing their Social Security numbers as required.
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