Each time a vehicle, property or asset is sold, the trade will normally involve a record referred to as a bill of sale. This really isn't the same as a title transfer, that's the official evidence of ownership. The bill of sale is a list of this transaction, very similar to a reception, also it's employed in a variety of situations. A bill of sale contains critical information about the transaction that happens when you purchase or sell a vehicle, and it's a legal requirement in certain states. The seller and buyer should also both supply their addresses and names for the document to be legitimate. While not all states require the usage of a bill of sale, it's not unusual for sellers to supply you one anyway. Good record keeping helps to inspire confidence in the buyer that the trade is valid.
A bill of sale may also help both the purchaser and the seller avoid any contractual difficulties later in the process, as the details of the sale are clearly defined. The bill of sale allows the buyer know that the automobile is being sold"as is" and that the seller is not accountable for making any repairs before handing it over.