If you are buying or selling a car or boat, you need to furnish the Department of Motor Vehicles (DMV) with a copy, so there will need to be at least three copies in total. Number of Copiesįor any bill of sale, you need at least one copy for the seller and at least one for the buyer. To avoid this extra step, you may choose to complete the original document in English. In the state of New York, a notary public must sign a translated document to verify the translation’s accuracy. You are free to draft your bill of sale in any language but you will need to translate it into English if you intend to use it as evidence in a legal dispute. Additional Considerations Language Requirements It proves that the buyer now owns the item and can absolve the seller of responsibility for the item’s use after the sale. Why Use a Bill of Sale?īeyond helping you fulfill specific legal requirements, a bill of sale also verifies an item’s transfer of ownership. Drafting a bill of sale is also a good standard practice when you buy or sell other valuable items. In the state of New York, a bill of sale is required whenever you buy or sell a motor vehicle or boat. As-is: A bill of sale marked “as-is” means that the buyer accepts the item in its current condition.
Examples include warranties or agreements for the buyer to accept the item as-is. Terms and Conditions: In this section, the buyer and seller can document any mutual agreements in relation to the sale.
Description: This section includes identifying information like visual descriptives, serial numbers, item makes and models, the condition of the item being sold, and so on.Buyer: This section lists the name and information for the primary buyer and any additional buyers.
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