This is because if you sell a car which the buyer fails to register or it is used to commit a crime, there is no way you will prove that the vehicle is someone else's responsibility. You may find yourself in a precarious position if you sell a valuable part of your property and fail to document the sale of the item and the subsequent change in ownership. How to Create The Best Bill of Sale In New Jersey We CERTIFY that to the best of our knowledge the odometer reading as stated above is actual mileage in excess of odometer’s mechanical limits. I, _ of _ (the 'Seller'), STATE AND DECLARE that the odometer of the following vehicle (the 'Motor Vehicle') reads as follows: Failure to complete or providing an inaccurate or untruthful statement may result in fines and/or imprisonment. This _, _ in the presence of:įederal and State Law requires that the Seller state the Mileage upon transfer of ownership. GOVERNING LAW: This Bill of Sale will be construed in accordance with and governed by the laws of the State of New Mexico. INSPECTION: The Purchaser accepts the Motor Vehicle in its existing condition given that the Purchaser has either inspected the Motor Vehicle or was given the opportunity to inspect the Motor Vehicle but chose to not inspect it. LIABILITIES: The Seller does not assume, nor does the Seller authorize any other person on the behalf of the Seller to assume, any liability in connection with the sale or delivery of the Motor Vehicle. MANUFACTURER'S WARRANTY: Any disclaimer of warranties by the Seller in this Bill of Sale will not in any way affect the terms of any applicable warranties from the manufacturer of the Motor Vehicle. WORKING ORDER: Any warranty as to the condition or working order of the Motor Vehicle is expressly disclaimed by the Seller. The Seller expressly disclaims any expressed or other implied warranties. The Seller expressly disclaims any implied warranty as to fitness for a particular purpose and any implied warranty as to merchantability. 'AS IS' CONDITION: The Purchaser acknowledges that the Motor Vehicle is sold 'as is'. The Seller also warrants that the Seller has the full right and authority to sell and deliver the Motor Vehicle and that the Seller will defend the title of the Motor Vehicle against any and all claims and demands except the Security Interest. WARRANTIES: The Seller warrants that the Motor Vehicle is free of any liens and encumbrances except the Security Interest and that the Seller is the legal owner of the Motor Vehicle. Vehicle Identification Number (VIN): _.MOTOR VEHICLE: The Seller will sell and deliver to the Purchaser the following motor vehicle (the Motor Vehicle): PURCHASE PRICE: The Purchaser will pay the Purchase Price to the Seller by Bank Draft. IN CONSIDERATION of _ of _ (the 'Purchaser') providing $_USD, which includes all sales taxes (the 'Purchase Price'), the receipt and sufficiency of which consideration is hereby acknowledged to _ of _ (the 'Seller'), the Seller SELLS AND DELIVERS the Motor Vehicle to the Purchaser.
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