This is a fillable bill of sale automobile with promissory note. Click any blank field in the document below, type your information, and your entries will autosave in your browser. Use the toolbar at the top to print, save as PDF, or download a completed copy. Below the form, you'll find a guide to using this document, common mistakes to avoid, and answers to the questions we hear most often about bill of sale automobile with promissory note.
This bill of sale is between Name Individual / Company (the "Buyer"), of Street address , City , State , ZIP Code and Name Individual / Company (the "Seller"), Street address , City , State , ZIP Code .
The parties agree as follows:
1. SALE OF VEHICLE.
The Seller hereby sells to the Buyer and the Buyer purchases from the Seller, the following motor vehicle (the "Vehicle"):
2. PURCHASE PRICE.
The total purchase price to be paid by the Buyer to the Seller for the Vehicle is $$ Amount (the "Purchase Price"), which will consist of the following components:
3. SELLER'S REPRESENTATIONS.
The Seller represents to the Buyer that:
4. BUYER'S REPRESENTATIONS.
The individual signing this agreement on behalf of the Buyer represents to the Seller that he or she has the power and authority to complete this transaction on behalf of the Buyer.
4 . NO OTHER REPRESENTATIONS.
Except for the representations provided in section 3, the Buyer acknowledges that the Vehicle is being sold "as is," without warranty, whether express or implied, about the condition of the Vehicle. The Buyer must satisfy itself as to what is offered for sale, and by purchasing will be held to have satisfied itself that the Vehicle is satisfactory in all respects. Any defects and all repairs are the sole responsibility of the Buyer. The Seller neither assumes, nor authorizes any other person or entity to assume on its behalf, any liability in connection with the sale of the Vehicle. The Seller's disclaimers of warranty do not affect the terms or applicability of any warranty from the Vehicle's manufacturer that may be applicable to the Vehicle.
5 . INSPECTION. Yes / No
The Vehicle has not been inspected by an independent and licensed mechanic within the last month. A copy of that inspection report is attached to this bill of sale. Yes / No
To the best of its knowledge, the Seller believes that the Vehicle is being sold in good operating condition, except for the following defects: Defect List .
6 . DELIVERY OF VEHICLE.
The Seller shall deliver the Vehicle, and the Buyer shall take possession of the Vehicle, at the Seller's address as listed above, on or before Date (the "Delivery Date"). The Seller shall ensure that the Vehicle is delivered in the same condition as the Buyer's last inspection (or, if no inspection was conducted, as of the effective date of this bill of sale). The Buyer, either itself or through a third party, shall appear at the Seller's address during standard business hours on the Delivery Date to remove the Vehicle. If the Buyer does not appear at the Seller's address on the Delivery Date to remove the Vehicle, the risk of loss of the Vehicle passes to the Buyer.
7 . CONVEYANCE OF TITLE.
The Seller shall convey title to the Vehicle to the Buyer when that Vehicle is delivered to the Buyer. The Seller shall execute all documents presented by the Buyer that are necessary to finalize transfer of title and registration of the Vehicle to the Buyer.
8 . CANCELLATION OF INSURANCE AND TAGS.
Unless prohibited by applicable law, the Seller hereby acknowledges that it will cancel any insurance coverage, license, tags, plates, or registration maintained by the Seller on the Vehicle when the Vehicle is delivered and accepted by the Buyer.
9 . EFFECTIVENESS.
This bill of sale will become effective when all parties have signed it. The date this bill of sale is signed by the last party to sign it (as indicated by the date associated with that party's signature) will be deemed the date of this bill of sale.
Yes / No
10
Explanation
SIGNATURE PAGE FOLLOWS
Each party is signing this bill of sale on the date stated opposite that party's signature.
| Buyer Name | |
Date: _________________ |
By:__________________________________________ |
| Name: Yes / No Buyer Name | |
| Title: Title | |
| Phone No.: Phone | |
| Seller Name |
|
Date: _________________ |
By:__________________________________________ |
| Name: Yes / No Seller Name Name Name | |
| Title: Title | |
| Phone No.: Phone |
Witness / Notarize / Neither
Witnessed By:____________________________________________ ACKNOWLEDGEMENT |
Date:_____________________ |
| OF NOTARY PUBLIC Name:___________________________________________________ |
|
Address:_________________________________________________ |
|
| STATE OF __________________________ | |
COUNTY OF ________________________ |
|
Subscribed and sworn to before me this __________day of ____________, 20_____, at ___________, __________________. |
| _________________________________________ | |
| Signature of Notary Public | |
| Name of Notary Public: ____________________________ | (SEAL) |
| Notary Public, State of ______________________________ | |
| My commission expires: ___________________________ |
PAGE BREAK HERE
ODOMETER DISCLOSURE STATEMENT
Federal law (and state law, if applicable) requires that you state the mileage on transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.
The Seller hereby discloses to the Buyer that at the time of the transfer, the odometer read Miles miles. Yes / No To the best of the Seller's knowledge, that odometer reading reflects the actual mileage of the Vehicle. The odometer has five digits and the mileage has six digits / The odometer is broken or inaccurate
The odometer reading reflects the amount of mileage in excess of its mechanical limits.
| Seller's Information: | Buyer's Information: |
Name: Seller Name |
Name: Buyer Name |
| Address: Seller Address | Address: Buyer Address |
| City: Seller City | City: Buyer City |
| State: Seller State | State: Buyer State |
| ZIP Code: Seller Zip | ZIP Code: Buyer Zip |
Signatures: |
|
_______________________________________________ |
_______________________________________________ |
| Seller | Date |
_______________________________________________ |
_______________________________________________ |
| Buyer | Date |
| Witnessed By:___________________________________________ | Date:_____________________ |
| Name:__________________________________________________ | |
Address:_______________________________________________ |
PAGE BREAK HERE
SECURED PROMISSORY NOTE
(INSTALLMENT WITH BALLOON FINAL PAYMENT)
| $ Purchase Balance | Promissory Date |
| City , State |
On or before Date , for value received, the undersigned Buyer Name (the "Borrower") promises to pay to the order of Yes / No Seller Name Name Individual / Company (the "Holder"), in the manner and at the place provided below, the principal sum of $ Purchase Balance .
1. PAYMENT.
All payments of principal and interest under this note will be made in lawful money of the United States of America, without offset, deduction, or counterclaim, to an account designated by the Holder in writing at least Days days after the effective date of this note or, if this designation is not made, by check mailed to the Holder at Your address as provided in the bill of sale / A different address Seller Address , Seller City , Seller State , Seller Zip , or at such other place as the Holder may designate in writing.
2. INSTALLMENT PAYMENTS; FINAL PAYMENT.
The Borrower shall pay the principal and interest of this note in Payments consecutive monthly installments of $$ Amount , beginning on or before Date and continuing on the Day day of each month, together with a final payment on Maturity Date of an amount equal to all sums remaining unpaid under this note. Each payment will be credited first to interest and then to principal, and interest will cease to accrue on any principal so paid. Acceptance by the Holder of any payment differing from the designated installment payment listed above does not relieve the Borrower of the obligation to honor the requirements of this note.
3. INTEREST.
Interest on the unpaid principal balance of this note is payable from the date of this note until this note is paid in full, at the rate of Interest rate % per annum, or the maximum amount allowed by applicable law, whichever is less. Accrued interest will be computed on the basis of a 365-day or 366-day year, as the case may be, based on the actual number of days elapsed in the period in which it accrues.
4. PREPAYMENT.
The Borrower may prepay this note, in whole or in part, at any time before maturity without penalty or premium. Any partial prepayment will be credited first to accrued interest, then to principal. No prepayment extends or postpones the maturity date of this note.
5. SECURITY FOR PAYMENT.
This note is secured by the vehicle of the Borrower (the "Vehicle") described in the bill of sale dated Promissory Date between the Borrower and Seller Name (the "Bill of Sale"). If an Event of Default (defined below) occurs, the Holder will have the rights set forth in the Bill of Sale and as described below.
6. EVENTS OF DEFAULT.
Each of the following constitutes an "Event of Default" under this note:
7. ACCELERATION; REMEDIES ON DEFAULT.
If any Event of Default occurs, all principal and other amounts owed under this note will become immediately due and payable without any action by the Holder, the Borrower, or any other person. The Holder, in addition to any rights and remedies available to the Holder under this note, may, in its sole discretion, pursue any legal or equitable remedies available to it under applicable law or in equity, including taking any of the following actions:
8. WAIVER OF PRESENTMENT; DEMAND.
The Borrower hereby waives presentment, demand, notice of dishonor, notice of default or delinquency, notice of protest and nonpayment, notice of costs, expenses, or losses and interest on those, notice of interest on interest and late charges, and diligence in taking any action to collect any sums owing under this note, including (to the extent permitted by law) waiving the pleading of any statute of limitations as a defense to any demand against the undersigned. Acceptance by the Holder or any other holder of this note of any payment differing from the designated payments listed above does not relieve the undersigned of the obligation to honor the requirements of this note.
9. GOVERNING LAW.
10. COLLECTION COSTS AND ATTORNEYS' FEES.
The Borrower shall pay all costs and expenses of the collection of indebtedness evidenced by this note, including reasonable attorneys' fees and court costs in addition to other amounts due, without protest.
11. ASSIGNMENT AND DELEGATION.
12. SEVERABILITY.
If any one or more of the provisions contained in this note is held to be invalid, illegal, or unenforceable in any respect, that invalidity, illegality, or unenforceability will not affect any other provisions of this note, but this note will be construed as if those invalid, illegal, or unenforceable provisions had never been contained in it, unless the deletion of those provisions would result in such a material change so as to cause completion of the transactions contemplated by this note to be unreasonable.
13. NOTICES.
14. WAIVER.
No waiver of a breach, failure of any condition, or any right or remedy contained in or granted by the provisions of this note will be effective unless it is in writing and signed by the party waiving the breach, failure, right, or remedy. No waiver of any breach, failure, right, or remedy will be deemed a waiver of any other breach, failure, right, or remedy, whether or not similar, and no waiver will constitute a continuing waiver, unless the writing so specifies.
15. HEADINGS.
The descriptive headings of the sections and subsections of this note are for convenience only, and do not affect this note's construction or interpretation.
SIGNATURE PAGE FOLLOWS
Each party is signing this note on the date stated opposite that party's signature.
| Buyer Name | ||
Date: _________________ |
By:__________________________________________ |
|
| Name: Buyer Name | ||
| Title: Buyer Title | ||
| Phone No.: Buyer Phone | ||
| Seller Name Holder Other | ||
Date: _________________ |
By:__________________________________________ |
|
| Name: Seller Name | ||
| Phone No.: Seller Phone Title: Title | ||
| Phone No.: Seller Phone |