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The contract should always include the following legal wording: The undersigned purchaser acknowledges receipt of the above vehicle in exchange for the cash sum of £_______________, this being the price agreed by the purchaser with the vendor for the above named vehicle, receipt of which the vendor hereby acknowledges.
Provide the Car Information Begin by labeling the receipt as "Bill of Sale" and list the date of the transaction. Identify all the pertinent identification for your car so there's no confusion about what's being sold. Write the car make, model, registration number and mileage on the face of the receipt.
How do I write a Bill of Sale? Describe the item. Provide the property's details. ... Provide each party's information. List the name and address of both the seller and the buyer. ... Outline payment details. State the item's sale price and specify if sales tax will apply to the sale. ... Note any loans or liens.
When you sell a used car privately it is important to provide the buyer with a 'sold as seen, tried and approved without guarantee' receipt. You should bear in mind that this doesn't affect the buyer's legal rights \u2013 the car must match any description that you give in writing or verbally in the course of the sale.
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