Provide signature and date of signature lines for all named buyers and sellers, and a notary public statement to be filled in by the notary public at time of execution of the promissory note. you can do with Acrobat Pro with e-sign to make your transactions simple and seamless. 1.3 Price refers to the total agreed price of the Vehicle explained in Clause 3. Acrobat Pro easily lets you put together a quick sales agreement.

1.2 Parties refers to the Buyer and Seller who have been named in this Contract.

Federal law requires the odometer reading must be included in every vehicle transfer of ownership. Definitions 1.1 Vehicle and Car shall both mean the vehicle that is to be sold as set out in Clause 9. Note whether the seller will retain title to the vehicle until the note is paid in full, or whether title will be transferred to the seller with the seller retaining a security interest in the vehicle for the duration of the loan.Įxecute and attach a vehicle odometer statement, which sets out the vehicle's odometer reading at the time of transfer. Name any pre-payment penalties the buyer will incur if he pays off the vehicle in full before the due date of his last installment payment. Identify how many payments must be missed to constitute default, state what notice must be given, if any, to the buyer before the seller repossesses the vehicle. Selling your vehicle can be simple, but to avoid problems between you and. Specify what penalty is imposed if a payment is late, and how many days late the payment must before the penalty is applied.Īddress what happens in the case of default. Bill of sale Odometer statement Brand disclosure Transfer plates to your. State that the buyer promises to pay the total named purchase price to the seller, and document the number of payments the buyer promises to make, the amount of each payment, and the dates on which each payment is due. Identify the vehicle by make, model, year of manufacture and VIN number, and name the agreed-upon purchase price and interest rate if any. State that the buyer is purchasing a vehicle.

Simple sale agreement for car