Make sure that this is stated in the bill of sale.ĭescription of the trailer, including its model and make, year made, VIN if available, registration number, and license plate number. In many cases, the parties may use a price they agreed upon instead of a market price.

It should also include the price at which one party sold the trailer. The date on which the transaction took place in DD/MM/YYYY format. The names and addresses of both parties involved in the transaction. “Bill of Sale” on the top center of the paper. The bill of sale for the trailer should include the following elements: How To Write a Bill of Sale for a Trailer? Although most states will have similar requirements, there are varying requirements from state to state. Most states require that certain information be included in the trailer bill of sale.

This can come in handy if there are any problems with the vehicle in later years, such as if someone steals it or one of the parties discovers an outstanding lien on the trailer. The buyer should always ensure that they receive a valid bill of sale for their records. In most cases, the person selling the vehicle completes the top half of the bill of sale and then hands the document to the buyer to complete the bottom section and sign.

Individuals can then use the document for both parties’ record-keeping purposes, tax purposes and future ownership disputes.Įvery state has its laws when it comes to bills of sale. One can also use it to prove that a deal has occurred and that all parties agree on the terms of the transaction. Why Do You Need a Bill of Sale for a Trailer?Ī trailer bill of sale is a legal document that transfers ownership from one party to another. For example, if you buy a used trailer from a private seller, you will receive a bill of sale as proof that you are now the legal owner.Ī BOS is especially useful when the seller or buyer may need to prove that a sale took place or that payment has been made for a particular item.īills of sale are also sometimes referred to as sales invoices. A bill of sale is a document that transfers ownership of goods from one person to another.

Basic bill of sale form