Originally Posted By: javacontour
The bill of sale protects both of us. I make it clear the car is used, sold as-is, and that the buyer had an opportunity to inspect the car and even have it inspected by a professional of his/her choosing. So I'm protected. The buyer is protected because he/she can drive on the bill of sale for some time period and use it to register the vehicle. It also acknowledges that I received the buyer's cash payment and gave them a title with the title number, etc.
That is perhaps the most important thing when selling or buying a used private party car (well, the title is of course important!). I think it's legal precedent in most states that a vehicle is sold as is with no expressed or implied warranties, but when you go the the DMV and have a bill of sale, it makes everything go smooth. Plus it gives you some sort of legal standing as to the terms of the sale.
CO is nice - you show up to the DMV with title and bill of sale paperwork and you walk out with your registration and a new title in your name........depending on if there is 100 people in line or 1,000
(it's usually an all day waiting affair...)
The bill of sale protects both of us. I make it clear the car is used, sold as-is, and that the buyer had an opportunity to inspect the car and even have it inspected by a professional of his/her choosing. So I'm protected. The buyer is protected because he/she can drive on the bill of sale for some time period and use it to register the vehicle. It also acknowledges that I received the buyer's cash payment and gave them a title with the title number, etc.
That is perhaps the most important thing when selling or buying a used private party car (well, the title is of course important!). I think it's legal precedent in most states that a vehicle is sold as is with no expressed or implied warranties, but when you go the the DMV and have a bill of sale, it makes everything go smooth. Plus it gives you some sort of legal standing as to the terms of the sale.
CO is nice - you show up to the DMV with title and bill of sale paperwork and you walk out with your registration and a new title in your name........depending on if there is 100 people in line or 1,000