Promissory Note in Connection with Sale of Vehicle or Automobile - Maine 2026

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 where the agreement is being made. This establishes the legal context of your note.
4. In the section labeled 'FOR VALUE RECEIVED', enter the name of the seller and their address. This identifies who you are borrowing from.
5. Specify whether interest will be charged by selecting 'with interest' or 'no interest', and fill in the applicable percentage if interest applies.
6. Indicate your monthly payment amount and when your first payment is due, ensuring clarity on repayment terms.
7. Complete vehicle details including make, model, year, and VIN to secure your loan against this specific vehicle.
8. Decide whether title will be retained by the seller or transferred to you at execution. Check the appropriate box accordingly.
9. Finally, have all buyers and sellers sign and provide their Social Security numbers as required for legal validation.

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