free downloadable bill of sale template for car

In addition, if there are any questions regarding how the form should be filled, an experienced notary can walk you through the process.

Confidence in Proper Completion of Forms and Endorsements.

They also will assess if there are any signs of coercion or if they are signing under their own free will. Taking the extra step to commission a notary provides a further level of legitimacy to the implementation of the form because consideration is made to ensure the involved parties have the mental capacity to finalize. When executing the document, the notary will take into account whether the individuals engaging in the agreement understand what they are testifying to.

Assurance that Both Parties Understand and Agree to the Terms.

Valid photo identification must be presented before the documents are signed as a precaution to prevent against any fraudulent transaction or sale of stolen property. This provides additional confirmation of its authenticity as it is being confirmed in the presence of a licensed neutral party.

Protection for Both the Buyer and SellerĮndorsing a notarized bill of sale is the equivalent of swearing under oath in a court of law and attesting to the truth therein.

Keep in mind, a small fee typically between $5-15 is usually requested to manage the transaction to attribute to licensure upkeep and expense.

Contracting a notary to supervise the performance of the bill of sale can usually be carried out at a local bank or credit union or by performing an online search for area notaries. Taking the extra measure to enlist a notary to oversee endorsement of the form will further enforce the agreement. Notary publics perform notarization by witnessing the signature of an agreement, contract, deed, or power of attorney and they are licensed to do so. Not all documents of this nature necessarily require notarization, although it will provide authentication to verify the document after the fact independently. Why Should I Elect to use a Notarized Bill of Sale? The signatures of the associated individuals taking part in the transaction can then endorse the document to be authenticated by an accredited notary to bind the contract legally. This form records the specific information involving the buyer, seller, item or items being transferred, notary, purchase price, and date of sale. A Notarized bill of sale form is a material agreement that has been witnessed by an official notary public to substantiate the commemoration of a transaction involving the sale of an item or items in exchange for a designated monetary amount.

Free downloadable bill of sale template for car