![]() ![]() ![]() Its purpose is to protect both parties by acting as a receipt for the transaction and providing additional details when needed.Īn automotive bill of sale should contain information about the vehicle, the buyer and seller, and the date and location of the sale. It indicates liens and salvage status, but it does not define the conditions of the sale.Ī bill of sale is a legal document completed by the buyer and seller of a car. What Does a Written Bill of Sale Mean?Ī car title is a document used by the DMV to assign legal ownership of a vehicle. A bill of sale can come in handy, but don’t rely on it to guarantee ownership. In short: Always get a title whenever possible. While you should obtain a bill of sale every time you buy or sell a car, this infamous document probably doesn’t have as much legal power as you might think. You might think that a bill of sale will protect you from trouble when buying a car. An automotive bill of sale is the written equivalent of a handshake agreement. ![]()
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