Bill of Sale question
#1
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Car: 1991 RS v8
Bill of Sale question
DMV is closed tomorrow and i dont have access to a printer.. Is it alright if i make a generic bill of sale on a piece of regular paper stating that info needed? Im suppose to be selling my project car tomorrow and i dont know what to do
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Car: 91 RS
Engine: 350 TBI
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Axle/Gears: 3.42 Posi
Re: Bill of Sale question
I've done that before. Just look at the form on the web site and copy down all the things you need.
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Car: '79 Camaro; '84 Z28
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Re: Bill of Sale question
the basics you need are: Seller and buyers name, date of transaction, ammount car was sold for; year, make, model, and mileage of vehicle. Make sure that the both of you sign and date the document. Make copies for DMV, yourself and the seller if he wants. A hand written bill of sale is fine if you have these bits of information, I have done it with almost all of my vehicle purchases.
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Re: Bill of Sale question
Ask to see the purchasers I.D. and document his driver's license number. Don't forget to complete the transfer of ownership on the back of your pink slip (Title). That's where you put the new owners name for the Release of liability. Then mail, or take that to DMV within 10 days. The problem I have with all of this is that DMV won't take your name off the registration, even after receiving the Relaease of Liability until the new owner registers the vehicle in his/her name....And also add the VIN# of the vehicle to the Bill of Sale.
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Car: '79 Camaro; '84 Z28
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Axle/Gears: posi, 3.08; disc, 3.23
Re: Bill of Sale question
ah yes, forgot the vin number. Also might want to include the liscence plate number just in case. Vin number is most important though.
The release of liability is mostly for in a case where the new owner fails to register the vehicle and does something like get in an accident. It just shows DMV that you are not responsible. That is why I say keep a copy of the bill of sale (handwritten or otherwise) as well as a copy of the release of liability. I had DMV, and an insurance company try to come after me over a car I sold being used in a hit and run accident. Always keep copies.
The release of liability is mostly for in a case where the new owner fails to register the vehicle and does something like get in an accident. It just shows DMV that you are not responsible. That is why I say keep a copy of the bill of sale (handwritten or otherwise) as well as a copy of the release of liability. I had DMV, and an insurance company try to come after me over a car I sold being used in a hit and run accident. Always keep copies.
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Car: 1984 Camaro Z28
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Re: Bill of Sale question
ah yes, forgot the vin number. Also might want to include the liscence plate number just in case. Vin number is most important though.
The release of liability is mostly for in a case where the new owner fails to register the vehicle and does something like get in an accident. It just shows DMV that you are not responsible. That is why I say keep a copy of the bill of sale (handwritten or otherwise) as well as a copy of the release of liability. I had DMV, and an insurance company try to come after me over a car I sold being used in a hit and run accident. Always keep copies.
The release of liability is mostly for in a case where the new owner fails to register the vehicle and does something like get in an accident. It just shows DMV that you are not responsible. That is why I say keep a copy of the bill of sale (handwritten or otherwise) as well as a copy of the release of liability. I had DMV, and an insurance company try to come after me over a car I sold being used in a hit and run accident. Always keep copies.
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Car: '79 Camaro; '84 Z28
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Re: Bill of Sale question
Exactly. That is why I keep copies of everything, and always recommend everyone else to. Call me paranoid, but it has saved my hide a few times.
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