Saturday, July 21, 2018

3 Things Buyers Should Look For In A Bill Of Sale

An automobile bill of sale offers a lot of protection to both buyers and sellers when a car is bought privately.
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Tuesday, July 10, 2018 by CarlGlendon 2 weeks ago
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Idle Experts

An automobile bill of sale offers a lot of protection to both buyers and sellers when a car is bought privately. Every blank bill of sale form must have 3 important things to offer peace of mind and a sense of security to customers. Know about the 3 important things that buyers need to look for in this type of document.

Vehicle details

A blank bill of sale form is mostly very easy to complete and straightforward. It generally comprises of a section about the details of the car that is to be bought, such as the model, make and general state of the automobile. For more information about getting a bill of sale in Oklahoma, please visit this website.

Odometer reading

The odometer reading on the vehicle at the time of sale is another vital piece of information that has to be recorded. It is an indication of the number of miles that the vehicle has been driven for. This detail is missing in a few motor vehicle bill of sale forms. However, it is important to check its presence because it is a common practice for many vehicle sellers to roll the odometer back in an attempt to get a higher resale value for their car. Once you purchase such a car and sell it, you can be caught by the authorities for committing this kind of fraud. When you have an ATV bill of sale form that is properly completed with mention about the odometer reading, you can prove your innocence immediately.

No outstanding debts

Make sure that the seller mentions that there are no outstanding debts against the purchased automobile.

Author Resource:-

Carl writes often about legal drafting, rental & commercial lease agreements, power of attorney, Bill of Sale and help the people in such document needs. You can find his thoughts at free bill of sale template blog. For more information about getting a free agreements, please visit this website.

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CarlGlendon
CarlGlendon
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