You should specify in the document that your purchase price includes the sales tax or decide that you will add the sales tax is to the price. The contract should be very clear on whether the purchase price includes the sales taxes because, in some states, you’re required to charge sales taxes when you sell your car.

State the purchase price and the date of the sale.

Make sure that you and the buyer understand each other and that no one misrepresents the car or the funds that you will exchange.

Make sure to add only accurate informationĪny fraudulent claims about the car’s details or the terms of the sales can lead to your car sale contract with payments getting voided.

It is also a good idea to attach copies of the driver’s licenses of both parties for verification purposes.Įnumerate the identifying features of your car including:Īny unique features like mechanical or cosmetic issues Also, mention the addresses of both parties. The first sentence of your should already identify the complete names of both parties, the buyer and yourself as the seller, and a statement that the document is for the sale of a car. The biggest downside of this deal is the responsibility of creating your own car sales contract.įortunately, a car or vehicle sales agreement is a simple document that you can make on your own. Often, selling your used car to a buyer is more economical than trading in your car to a car dealership. The total amount to pay through financing The down payment amount paid by the buyer Your car’s total price including taxes and fees This becomes significant if the buyer will purchase your car through financing. This part enumerates all of the relevant financing details.

The prices of each additional option (if any, list them separately)Īll other fees including advertising fee, destination fee, documentation fee, registration fee, and dealership fee This part of the used car sales agreement includes your car’s total sales price, which you will break down into: This refers to the personal information about the buyer and you can find this in their driver’s license. A vehicle sale contract consists of the following parts: It also mentions the car’s price and the payment method. A car sale contract usually includes information about yourself as the seller, the buyer, and your car.

Simple vehicle bill of sale template