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Smart Shopper Paperwork for buying, selling, financing and leasing
21 messages, Last post on Aug 18, 2009 at 7:58 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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One of our members wrote "I've tagged along with some people and seen the many forms they have to sign. You need a dictionary for some of the terms on these form. How about starting a forum where people post about the types of forms that have to be signed and what they mean? Perhaps scans of the forms (with the personal details whited out) could even be posted to show newbie buyers what kind of legalese and jargon is involved." That sounded like a great idea so here it is! If you have questions, comments or can provide answers related to the paper monster, this is the place. tidester, host SUVs and Smart Shopper |
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This is a Bill of Sale format that I used while selling my used car to a private party. I am in Illinois. Nothing on the DMV's website suggested that I needed a Bill of Sale. However the buyer and myself agreed on this document (apart from the title) - the buyer wanted this because he wanted to have some proof of the purchase in case he got stopped by the cops for driving a car without plates, and I wanted this document so that I had a record of the sale together with an "As Is" warranty clause. We decided not to do the notarization that may be required in other states. BILL OF SALE OF MOTOR VEHICLE Dated: Seller Information: Name: Address: Buyer Information: Name: Address: Motor Vehicle Information: Make: ________________________ VIN: _______________________ Model: ________________________Color: ______________________ Year: _________________________Odometer: __________________ Price and Payment: The full purchase price for the Vehicle is xxxx ("In Words" US Dollars). In exchange for the Vehicle, Buyer has paid Seller the full purchase price in Cash. Warranty Information: Seller declares the following: a. That he or she is the true and lawful owner of the aforementioned Motor Vehicle; b. That the aforementioned Motor Vehicle is free and clear from all claims of any kind; c. That he or she has the legal right to sell the aforementioned Motor Vehicle; d. That he or she will warrant and defend the title of the aforementioned Motor Vehicle against any and all lawful claims and demands of all persons. Seller hereby notifies Buyer, and Buyer hereby acknowledges and agrees, that the Vehicle is being sold “As is”, without warranty of any kind, either express or implied, regarding the condition of the Vehicle. Seller assumes no responsibility for any repairs. Buyer has inspected the aforementioned Motor Vehicle, and has accepted the Motor Vehicle in its existing condition. Signatures: SELLER ___________________________ BUYER _________________________ Date: _____________________________ |
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I live in California and just bought a car on ebay from a New Jersey dealer. I am dealing directly with one particular salesman by cell phone. He has asked me to give him my social security number and a copy of my drivers license. I've never heard of this as a requirement for title transfer and I want to make sure it's on the level. Why would I need to give him all this info?
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Replying to: calleaghn (May 20, 2008 11:28 am) tidester, host SUVs and Smart Shopper
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Replying to: tidester (May 20, 2008 4:48 pm)
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Replying to: kirstie_h (May 20, 2008 4:57 pm) thanks for all your help everyone! i appreciate it mucho. i bought a prius by the way. very excited! but that's another forum, isn't it? :o} |
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Replying to: kirstie_h (May 20, 2008 4:57 pm) Yes, but we didn't know the purchase price and, even so, I would still be very reluctant to send my SSN and license without knowing a lot more about the dealer. But, that's just me! (And I would probably try a littler harder to find something locally.)  tidester, host SUVs and Smart Shopper |
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Replying to: kirstie_h (May 20, 2008 4:57 pm) |
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Replying to: volvomax (May 21, 2008 12:17 pm)  . I would either have every bit of info I wanted or pass on a deal before I let a car leave going cross country. |
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Replying to: joel0622 (May 21, 2008 2:44 pm) http://www.state.nj.us/mvc/pdf/Licenses/ident_ver_posterpint.pdf Going by these rules it seems that in NJ they do need the SSN. However, since the purchaser is in CA, perhaps the CA rules should apply too for registration The CA rules are here: http://www.dmv.ca.gov/pubs/brochures/howto/htvr9.htm
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Smart Shopper Paperwork for buying, selling, financing and leasing
