An “As-Is” Bill of Sale is a legally binding document that transfers of ownership of an item from one party to another. It is similar to a retail receipt, but it is specifically used to document the sale or transfer of high-value items such as automobiles. Must include the Odometer Disclosure Statement Form.
Type of Sale
What to Include in an As-Is Bill of Sale Form?
- The buyer’s name + address
- The seller’s name + address
- The vehicle/car description (make, model, year, + body style)
- The car’s vehicle identification number (VIN)
- The sale date
- Transaction details (purchase: price, trade, and/or gift)
- The warranty information (sold “as-is”)
- The Odometer Disclosure
- The Federal Law, 49 U.S. Code § 32705, requires a bill of sale to include a verifying statement about the vehicle’s mileage. Vehicles greater than ten years old and over 16,000 pounds are exempt.
Items Sold As-Is: Examples
- Motor Vehicles
- Bicycles
- Boats/Watercraft
- Campers/Trailers
- Equipment
- Furniture
- Motorcycles
- Personal property
How to write?
Free template example below.
FAQs
- Is a Bill of Sale the same as a Title? Answer: No.