Truck Bill of Sale

Bill of Sale Instructions For Selling A Truck

Before you sell your truck, it's essential that you have 100% title of it in your personal name. This even applies if you've never driven it. However, in the event that you have lost your title to the vehicle, you should contact your local Division of Motor Vehicles to apply for a replacement.

You should never sign over the title to your truck or transfer it to anybody else unless you first have been paid "in full" for the truck.

As soon as you have sold your truck, you should do the following:

  Duly date and sign the truck title in the designated area for the appropriate signature(s). If the title you hold has more than one just a single owner (and, the names are divided by the word in the title: "and") all vehicle owners should sign. However, if the word "or" divides the "names" any of the vehicle owners may sign.

  Make sure you add the exact selling price on the title. The Internal Revenue Service looks at titles, and conducts an investigation suspiciously lower than average selling prices.

  Insert the truck odometer mileage on the vehicle title. This is a strict requirement under federal law and in most States.

  Fill-in the brand of manufacture, make, model, etc., in the disclosure area on the vehicle title if required.

  Insert the correct name and/or address of the buyer (or, buyers) on the truck title. For example: If the buyer's name is "Bill Smith" insert the buyer's "Full Name" and correct spelling "William John Smith". By doing so, you are complying law requirements.

  In a few cases it may be necessary to remove the license plate(s) off the truck. However, if the motor vehicle is a truck and it's registered at a maximum of 10,000 pounds (or, more) a moped, pick-up truck, motor cycle, a car or boat trailer or a mobile home, the license plates should stay attached to the motor vehicle and there is no need to remove them.

  If there is any money outstanding on your truck, you are required by law to pay-off the loan. In compliance with the law, you must provide the prospective buyer with a "lien release" a legal document issued from the lien holder because the buyer will require this to title the vehicle. This is an essential requirement under both State and Federal law.


FOR GOOD AND VALUABLE CONSIDERATION, including the payment of $______, the receipt and sufficiency of which is hereby acknowledged, _____ ("SELLER") hereby sells and transfers to _______ ("BUYER") the following truck:

PURCHASE PRICE ($): ___ or GIFT VALUE ($) AND RELATIONSHIP OF BUYER TO SELLER:

Make: ________

Model: _______

Year: __/__/__ Color: ______

Odometer Reading (Miles): _____

Condition: _______

License Plate Number (State): ______

VIN# (Vehicle Identification Number): _____

WARRANTY:

The SELLER warrants that it is the legal owner of the said truck, that the said truck is being sold free and clear of all claims and encumbrances, that the SELLER has the full right and authority to sell and transfer same, and that the SELLER will hold harmless and indemnify the BUYER from all claims adverse thereto.

The SELLER has verified that the BUYER was of legal age to execute this contract on the date hereof.

Further Assurances. In connection with this Bill of Sale and the transactions contemplated hereby, each party to this Bill of Sale will execute and deliver any additional documents and perform any additional acts that may be necessary or appropriate to effectuate and perform its obligations under this Bill Of Sale and the transactions contemplated hereby.

The said truck is being sold "as is" without any express or implied warranty as to condition or working order. There is no warranty for any defect and all repairs are the responsibility of the BUYER unless the SELLER indicates any repairs for which he/she/they will pay and be responsible for. If any repairs are to be made by the SELLER they will be listed here:

It is agreed that repairs to the truck as listed below (circle one) will / will not be made, and that the following accessories, upgrades, and/or aftermarket parts (circle one) will / will not be included:

SELLER and BUYER declare under penalty of perjury that to the best of their knowledge all disclosures to each other in connection with the above transaction, and all other information on this Bill Of Sale, is true and correct.

IN WITNESS WHEREOF, the Parties have executed this Bill Of Sale on this ____ day of ____, 20 _.

Seller Name(s): _______

Seller Signature(s): ______

Seller Street Address(es): ______

City: _____ State: ____ Zip Code: __

Date Signed: __/__/__

Buyer Name(s): ________

Buyer Signature(s): ______

Buyer Street Address(es): ______

City: ____ State: ____ Zip Code: __

Date Signed: __/__/__

Witnessed by: ________

Witness Signature(s): ______

Witness Street Address(es): ______

City: ____ State: ____ Zip Code: __

*** If Required By State Law ***

This Section for Notary:

ACKNOWLEDGMENT

State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)

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