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Truck Bill of Sale
(Read first before using the "Truck Bill of Sale" form)
Before you sell your truck, it's essential that you have 100% title of your truck in your personal name.
This even applies if you've never driven it. However, in the event that you have lost your title to the vehicle, you should contact your local Division of Motor Vehicles to apply for a replacement.
You should never sign over the title to your truck or transfer it to anybody else unless you first have been paid "in full" for the truck.
As soon as you have sold your truck, you should do the following:
• Duly date and sign the truck title in the designated area for the appropriate signature(s). If the title you hold has more than one just a single owner (and, the names are divided by the word in the title: "and") all vehicle owners should sign. However, if the word "or" divides the "names" any of the vehicle owners may sign.
• Make sure you add the exact selling price on the title. The Internal Revenue Service looks at titles, and conducts an investigation suspiciously lower than average selling prices.
• Insert the truck odometer mileage on the vehicle title. This is a strict requirement under federal law and in most States.
• Fill-in the brand of manufacture, make, model, etc., in the disclosure area on the vehicle title if required.
• Insert the correct name and/or address of the buyer (or, buyers) on the truck title. For example: If the buyer's name is "Bill Smith" insert the buyer's "Full Name" and correct spelling "William John Smith". By doing so, you are complying law requirements.
• In a few cases it may be necessary to remove the license plate(s) off the truck.
However, if the motor vehicle is a truck and it's registered at a maximum of 10,000 pounds (or, more) the license plates should stay attached to the motor vehicle and there is no need to remove them.
• If there is any money outstanding on your truck, you are required by law to pay-off the loan.
In compliance with the law, you must provide the prospective buyer with a "lien release" a legal document issued from the lien holder because the buyer will require this to title the vehicle.
This is an essential requirement under both State and Federal law.
Truck Bill of Sale
FOR GOOD AND VALUABLE CONSIDERATION, including the payment of $------, the receipt and sufficiency of which is hereby acknowledged, _______ ("SELLER") hereby sells and transfers to _______ ("BUYER") the following truck:
PURCHASE PRICE ($------) or GIFT VALUE ($) AND RELATIONSHIP OF BUYER TO SELLER:
Year: __/__/__ Color: ______
Odometer Reading (Miles): _____
License Plate Number (State): ______
VIN# (Vehicle Identification Number): _____
The SELLER warrants that it is the legal owner of the said truck, that the said truck is being sold free and clear of all claims and encumbrances.
That the SELLER has the full right and authority to sell and transfer same, and that the SELLER will hold harmless and indemnify the BUYER from all claims adverse thereto.
The SELLER has verified that the BUYER was of legal age to execute this contract on the date hereof.
Arbitration. Any disputes pertaining to said contractual arrangement being affairs that cannot be settled amicably shall be submitted to an arbitrator under the Rules of the American Arbitration Association or like organization in the City of [city], whose award may be reduced to judgment in any court of competent jurisdiction.
Severability. If any provision of this Truck Bill of Sale shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Truck Bill of Sale is invalid or unenforceable, but that by limiting such provision it would become valid or enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.
Waiver Of Contractual Right. The failure of either party to enforce any provision of this Truck Bill of Sale shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Bill of Sale.
Interpretation. This Truck Bill of Sale will in all events be construed as a whole, according to its fair meaning, and not strictly for or against a party merely because that party (or the party's legal counsel) drafted the Truck Bill of Sale. The headings, captions, and titles in this legal Truck Bill of Sale are merely for reference and do not define, limit, extend, or describe the scope of this Truck Bill of Sale or any provision herein. Unless the context requires otherwise, (a) the gender (or lack of gender) of all words used in this Truck Bill of Sale includes the masculine, feminine, and neuter, and (b) the word including means including without limitation.
Advice Of Legal Counsel. Each individual party to this Truck Bill of Sale represents and warrants to each other party that such party has read and fully understands the terms and provisions hereof, has had an opportunity to review this Bill of Sale with legal counsel, and has executed this Truck Bill of Sale based upon such party's own judgment and advice of independent legal counsel.
Modifications. A modification or waiver of any of the provisions of this Truck Bill Of Sale shall be effective only if made in writing and executed with the same formality as this Truck Bill Of Sale. Failure of either party to insist upon strict performance of any of the provisions of this Truck Bill Of Sale shall not be construed as a waiver of any subsequent default of the same or similar nature.
No Harassment. Both parties agree not to molest, harass, interfere with, or impose any restraint upon the other, except as set out in this Bill Of Sale.
Interpretation. This Truck Bill Of Sale will in all events be construed as a whole, according to its fair meaning, and not strictly for or against a party merely because that party (or the party's legal counsel) drafted the Truck Bill Of Sale. The headings, captions, and titles in this Truck Bill Of Sale are merely for reference and do not define, limit, extend, or describe the scope of this Truck Bill Of Sale or any provision herein. Unless the context requires otherwise, (a) the gender (or lack of gender) of all words used in this Bill Of Sale includes the masculine, feminine, and neuter, and (b) the word including means including without limitation.
Notices. Any notice to be given or to be served upon any party hereto must be in writing and may be given by certified or registered mail, but shall be deemed to have been given and received when a certified or registered letter containing such notice, properly addressed with postage prepaid, is deposited with U.S. Mail. If notice is given in some manner other than by certified or registered mail, it shall be deemed to have been given when delivered to and received by the party to whom it is addressed, such notices shall be given to the parties hereto at the following addresses:
If to the [Seller]:
[City, State, Zip]
If to the [Buyer]:
[City, State, Zip]
All such notices and communications shall be deemed to have been duly given when delivered by hand, if personally delivered; three (--) business days after deposit in any United States Post Office, postage prepaid, if mailed; when answered back, if faxed; and when receipt is acknowledge. Any party hereto may change its address for purposes of this paragraph by written notice given in the manner provided above.
Unenforceable Terms. Any provision hereof prohibited or unenforceable under any applicable law of any jurisdiction shall as to such jurisdiction be ineffective without affecting any other provision of this Truck Bill of Sale. To the full extent, however, that the provisions of such applicable law may be waived, they are hereby waived to the end that this Truck Bill of Sale be deemed to be a valid and binding Truck Bill of Sale enforceable in accordance with its terms.
Execution In Counterparts. This Truck Bill of Sale may be executed in several counterparts and when so executed shall constitute shall constitute one Truck Bill of Sale binding on all the parties, notwithstanding that all the parties are not signatory to the original and same counterpart.
No Representations. Neither party has made any representations nor promises, other than those contained in this Truck Bill of Sale or in some further writing signed by the party making the representation or promise.
Further Assurances. In connection with this Truck Bill of Sale and the transactions contemplated hereby, each party to this Truck Bill Of Sale will execute and deliver any additional documents and perform any additional acts that may be necessary or appropriate to effectuate and perform its obligations under this Truck Bill Of Sale and the transactions contemplated hereby.
The said truck is being sold "as is" without any express or implied warranty as to condition or working order.
There is no warranty for any defect and all repairs are the responsibility of the BUYER unless the SELLER indicates any repairs for which he/she/they will pay and be responsible for. If any repairs are to be made by the SELLER they will be listed here:
It is agreed that repairs to the truck as listed below (circle one) will / will not be made, and that the following accessories, upgrades, and/or aftermarket parts (circle one) will / will not be included:
SELLER and BUYER declare under penalty of perjury that to the best of their knowledge all disclosures to each other in connection with the above transaction, and all other information on this Bill Of Sale, is true and correct.
IN WITNESS WHEREOF, the Parties have executed this Truck Bill Of Sale on this ____ day of ____, 20 _.
Seller Name(s): _______
Seller Signature(s): ______
Seller Street Address(es): ______
City: _____ State: ____ Zip: __
Date Signed: __/__/__
Buyer Name(s): ________
Buyer Signature(s): ______
Buyer Street Address(es): ______
City: ____ State: ____ Zip: __
Date Signed: __/__/__
Witnessed by: ________
Witness Signature(s): ______
Witness Street Address(es): ______
City: ____ State: ____ Zip: __
*** Include If Required By Federal or State Law ***
This Section for Notary:
State of _________
County of ________ [COUNTY]
On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
My commission expires: _____