Wednesday, September 22, 2021

How to Write a Bill of Sale for an RV

If you’re selling a recreational vehicle (RV), it’s a good idea to fill out a bill of sale. While it’s not required in every state, this document is still a valuable record of your transaction for both the buyer and the seller. The requirements for a bill of sale vary from one place to another, but we’ll talk you through the basics in this article.

[Edit]Steps

[Edit]Basic Bill of Sale

  1. Include the price you and the buyer agreed on. This is typically one of the first items you’ll put on the bill of sale.[1] Write something like “In consideration for the sum of $,” followed by the price.
    Write a Bill of Sale for an RV Step 1 Version 2.jpg
    • This information usually appears at the top of the form, but in some cases it can go underneath information such as the date or the type of RV you are selling.
  2. State the name and address of the buyer and seller. After specifying the price of the RV, write “paid by,” followed by the name and mailing address of the buyer (or purchaser). Follow this with “to,” then insert the name and address of the seller.[2]
    Write a Bill of Sale for an RV Step 2 Version 2.jpg
    • Alternatively, fill out the purchaser’s information at the top of the form, then place the seller’s name and address in the “certification” section below the details of the sale. This is the section where the buyer, seller, and witnesses sign the bill of sale.[3]
    • If you like, you can insert “(Hereinafter known as the “Buyer”)” and “(Hereinafter known as the “Seller”)” after the names and addresses of each party. However, some forms keep it simple and just put “Buyer:” and “Seller:” before the name and address of each party.
  3. Specify that you’re selling an RV. Somewhere on the form, you will need to indicate what kind of vehicle you are selling. In addition to stating that it’s an RV, you may also need to check a box or write down exactly what kind of vehicle it is.[4]
    Write a Bill of Sale for an RV Step 3 Version 2.jpg
    • In most states, an RV includes things like camping trailers, motor homes, and truck or van campers.[5]
    • However, in some areas, the definition of RV may also include things like dirt bikes, snowmobiles, and ATVs.[6]
  4. Fill in any relevant details about the RV, including the VIN. At minimum, provide the make, model, and vehicle identification number (VIN) for your RV.[7] You might also need to write down the registration and license plate number, if applicable. Additionally, you may wish to include details such as:
    Write a Bill of Sale for an RV Step 4 Version 2.jpg
    • The color or the RV
    • The year your RV was made
    • The length or weight of the vehicle
    • What kind of fuel it takes (if applicable)
    • The odometer reading (if applicable; depending on the type of RV it is, this is required in some states)
    • Whether you are including a trailer or other add-ons
  5. Include a statement that you are selling the RV free and clear. Also, state clearly that you are the legal owner of the vehicle and have the right to sell it. If you’re selling the vehicle without a warranty, note that you’re selling it “as is.”[8] A typical example of the phrasing is:
    Write a Bill of Sale for an RV Step 5 Version 2.jpg
    • “The Recreational Vehicle is to be sold free and clear of any liens, encumbrances, or mortgages. Seller certifies to be the legal and true owner of the Recreational Vehicle and that it is to be sold in “as-is” condition.”
  6. Add the date of the sale agreement. Somewhere on the bill of sale, write out the date of sale. Some forms place this information on the top of the form, while others may include it further down (e.g., after the buyer and seller information, or underneath the statement regarding the terms of the sale).[9]
    Write a Bill of Sale for an RV Step 6 Version 2.jpg
    • Or, to avoid any confusion about the date, you can write out, “on the __ day of [month], [year].” For instance, “on the 4th day of August, 2021.”
  7. Get the buyer, seller, and witnesses to sign the bill. At the bottom of the form, leave spaces for the buyer’s and seller’s signatures. Depending on where you live, you may also need to get signatures from 1 or 2 witnesses. Have each signer date their signature.[10]
    Write a Bill of Sale for an RV Step 7 Version 2.jpg
    • You may need to include a statement such as “I declare under penalty of perjury that the statements herein contained are true and correct to the best of my knowledge and belief.[11]
    • If there are co-purchasers or co-sellers, ask them to sign the form as well.[12]
  8. Attach a certificate of acknowledgment from a notary. Depending on where you live, you may need to get your bill of sale notarized. This involves having the various parties sign in front of a notary, who will then acknowledge that all the signers are who they claim to be.[13] If an acknowledgment is required in your area, ask the notary to fill out a certificate, which may include the following information:
    Write a Bill of Sale for an RV Step 8 Version 2.jpg
    • Your state and county (or other locality information, if you live outside the U.S.)
    • The date
    • The name of the notary
    • The names of the buyer, seller, and anyone else signing the bill of sale
    • A statement from the notary verifying the identities of everyone involved, as well as the legitimacy of the signing
    • The notary’s signature, official seal, and the date on which their commission expires
  9. Make copies for the buyer and seller. Depending on where you live, the bill of sale might be required to prove that the buyer now owns the RV. Make sure that everyone involved has their own copy for their records.[14]
    Write a Bill of Sale for an RV Step 9 Version 2.jpg

[Edit]Local Requirements

  1. Call your DMV to find out if a bill of sale is required. Not every state requires you to fill out a bill of sale when you sell a vehicle. To find out if you need one, call your local department of motor vehicles or visit their website.[15]
    Write a Bill of Sale for an RV Step 10 Version 2.jpg
    • Even if a bill of sale isn’t required where you live, it’s still a good idea to write one out. Keeping a record of a major transaction can help prevent future misunderstandings or disputes between the buyer and the seller.
  2. Check your DMV website for bill of sale forms. In some areas, you may not need to draft your own bill of sale. Visit your local DMV or department of transportation (DOT) website and see if any appropriate forms are available to download, or do a search online using terms like “RV bill of sale New Mexico” or “bill of sale trailer Illinois.”
    Write a Bill of Sale for an RV Step 11 Version 2.jpg
    • Some states, like Massachusetts, have specific bill of sale forms for RVs.[16] Other states, such as Connecticut, provide an all-purpose bill of sale template for any kind of vehicle.[17]
    • Using a pre-written bill of sale for your state will not only save you some time and effort, but will also ensure that you’re including all the required information.
  3. Find out if your state has any special requirements. The information that must be included in a bill of sale may vary from one area to another. If your DMV or DOT doesn’t provide its own template, call and ask what information you need to include.
    Write a Bill of Sale for an RV Step 12.jpg
    • For example, some states may require your bill of sale to include a detailed odometer disclosure.[18]
  4. Fill in any additional forms to prove the transfer of ownership. In many states, a bill of sale alone isn’t enough to prove ownership of a vehicle. Typically, the new owner will also need other paperwork, such as a certificate of title. In some specific cases, however, a bill of sale alone may be enough to prove the transfer of ownership.
    Write a Bill of Sale for an RV Step 13.jpg
    • For instance, in Indiana, a bill of sale alone is sufficient in cases where the former owner wasn’t required to obtain a certificate of title, or where the vehicle was abandoned and sold at auction.[19]
  5. Ask a lawyer for advice if you still have questions. If you’ve written your own bill of sale and you’re not sure whether it meets local requirements, a lawyer can look it over for you and determine if anything is missing. Talk to a lawyer who specializes in commercial or business law.
    Write a Bill of Sale for an RV Step 14.jpg
    • Depending on where you live, you may be able to get free or low-cost legal advice about your bill of sale. If you live in the U.S., look for information about affordable legal services here: https://www.usa.gov/legal-aid.

[Edit]Sample Bill of Sale

[Edit]References



from How to of the Day https://ift.tt/3hZ0UM2

No comments:

Post a Comment