Depending on which state they live in, they might also need the bill of sale to complete the transfer of ownership. This gives them proof of ownership as well as a record of their payment. This means they aren’t extending a warranty that everything on the car works perfectly since the vehicle’s used condition could mean there is an unknown underlying problem with a component of the car.īy contrast, if they sell it with a warranty, the bill of sale should spell out what they’re guaranteeing.įor the buyer, the bill of sale is a record of the transaction. It’s a legal document that gives protection to both parties by proving the sale was completed and that the property and payment changed hands.įor the seller, a bill of sale is proof that the item being transferred was accepted by the buyer in the condition described.įor example, if someone is selling their used car, they may wish to sell it in “as-is” condition. You can think of a bill of sale as being similar to a receipt.
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