A vehicle bill of sale is a legal document used between a car seller and a buyer to document a transaction. This form comes in handy in many ways and can save both the buyer and seller a lot of trouble.
An odometer is used to determine a car’s mileage since its last sale. Most people will tamper with the odometer’s reading in order to get a better price on the vehicle. However, with a vehicle bill of sale, you get a clean reading of the vehicle’s mileage and you unlikely fall into these kinds of traps.
A vehicle bill of sale contains important information on a sale transaction. There is information on the purchase price, odometer reading, vehicle identification number, model and also the make of the vehicle in subject. Some of this information is used by the government in tax assessment.
With a vehicle bill of sale, you will have little to worry about as far as fraud is concerned. Always ask for a bill of sale or even create one if your state doesn’t necessarily require one during this type of transaction. This will keep you in safe hands all the time.