Paperwork for buying, selling, financing and leasing
One of our members wrote "I've tagged along with some people and seen the many forms they have to sign. You need a dictionary for some of the terms on these form. How about starting a forum where people post about the types of forms that have to be signed and what they mean? Perhaps scans of the forms (with the personal details whited out) could even be posted to show newbie buyers what kind of legalese and jargon is involved."
That sounded like a great idea so here it is! If you have questions, comments or can provide answers related to the paper monster, this is the place.
tidester, host
SUVs and Smart Shopper
That sounded like a great idea so here it is! If you have questions, comments or can provide answers related to the paper monster, this is the place.
tidester, host
SUVs and Smart Shopper
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BILL OF SALE OF MOTOR VEHICLE
Dated:
Seller Information:
Name:
Address:
Buyer Information:
Name:
Address:
Motor Vehicle Information:
Make: ________________________ VIN: _______________________
Model: ________________________Color: ______________________
Year: _________________________Odometer: __________________
Price and Payment:
The full purchase price for the Vehicle is xxxx ("In Words" US Dollars). In exchange for the Vehicle, Buyer has paid Seller the full purchase price in Cash.
Warranty Information:
Seller declares the following:
a. That he or she is the true and lawful owner of the aforementioned Motor Vehicle;
b. That the aforementioned Motor Vehicle is free and clear from all claims of any kind;
c. That he or she has the legal right to sell the aforementioned Motor Vehicle;
d. That he or she will warrant and defend the title of the aforementioned Motor Vehicle against any and all lawful claims and demands of all persons.
Seller hereby notifies Buyer, and Buyer hereby acknowledges and agrees, that the Vehicle is being sold “As is”, without warranty of any kind, either express or implied, regarding the condition of the Vehicle. Seller assumes no responsibility for any repairs.
Buyer has inspected the aforementioned Motor Vehicle, and has accepted the Motor Vehicle in its existing condition.
Signatures:
SELLER ___________________________ BUYER _________________________
Date: _____________________________
tidester, host
SUVs and Smart Shopper
MODERATOR /ADMINISTRATOR
Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
Review your vehicle
thanks for all your help everyone! i appreciate it mucho.
i bought a prius by the way. very excited! but that's another forum, isn't it?
Yes, but we didn't know the purchase price and, even so, I would still be very reluctant to send my SSN and license without knowing a lot more about the dealer. But, that's just me! (And I would probably try a littler harder to find something locally.)
tidester, host
SUVs and Smart Shopper
I would either have every bit of info I wanted or pass on a deal before I let a car leave going cross country.
http://www.state.nj.us/mvc/pdf/Licenses/ident_ver_posterpint.pdf
Going by these rules it seems that in NJ they do need the SSN.
However, since the purchaser is in CA, perhaps the CA rules should apply too for registration
The CA rules are here:
http://www.dmv.ca.gov/pubs/brochures/howto/htvr9.htm
Driver's License
Ins cards
Registration
Besides all the crappy paperwork that came with the Jeep what else does he need?
Thanks-K&K and lbp in Brookhaven PA. :shades:
Why would you need a SSN for a $3 check?
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
I want to sell my vehicle and I have done some online research on what I would need to do step by step.
I learned that I need to have both parties fill out a Bill of Sales as well as form DTF-802 - statement of transaction before I transfer the title.
I have a few questions:
I know I have to take the plates off of the car, but what do I do about the window sticker that has the registration expiration date on it?
With the tax form, do both parties pay tax on the transaction or just one (seller? buyer?)
When I turn over the title, I know i should sign it and date it and record the odometer reading on the back, is that all I do there?
Thank you very much for your help, as you can tell, i have not done anything like that before and I thought it would be smart to ask. Thanks again
They typed up all the paperwork, etc. and we all signed and I drove away in my new vehicle, satisfied with the transaction.
I got a call several days later from the dealership. Apparently they had done the paperwork incorrectly and had given me the tax minus trade which apparently you cannot do with a leased vehicle. They want me to return to the dealership, "tear up the paperwork" and give them over a thousand dollars more. I certainly understand this was a mistake, however I am frustrated. I was open about the lease. They are the professionals. They walked me through the paperwork, we shook hands, I wrote a check and left happy. I do want this resolved...amicably.
I ran it by another finance manager as well as my attorney, and based on my brief description they said that I am not liable for the difference. The dealership is telling me that "everything is void, and we need to tear up the paperwork." They said that I dont own the vehicle that I drove away with, and I need to return to settle the difference. When I explained that I understood but didnt think I was necessarily responsible for the error, they gave me the "whether its my fault or yours doesnt matter, you OWE us. Look at it whatever way you want".
Now I want this resolved, and certainly am fine to having it resolved fairly. I have no hard feelings towards the people involved and I understand the error, however they laid everything out for me and it was at a price that I was comfortable with. Ill be honest and say that I dont appreciate how forcefully they have been in making it seem like my fault, and also my responsibility. Who is to say I would have made the purchase at over $1k more? Ive put miles on the vehicle, made changes, etc already. I really enjoy it! Who is to say this wasnt a trick by them to get me to buy at my max comfortable price, only to get the rest out of me later?
Where do I stand on this? Am I correct to believe that one option is that they are still obligated to pay off the lease and I keep my purchased vehicle? Do I offer some form of alternate solution?
Any help, clarification, or suggestions would be greatly appreciated.
If that language is in your contract or buyers order you are 100% responsible even if the dealer made a mistake.
Honestly, you should just pay what you owe.
Perhaps. Or, if the selling dealership insists that the contract is void, offer them to return their vehicle and restore you to where you were originally (and perhaps see how fast they backpedal... or not.)