Moreover, you must also keep a copy of your trailer bill of sale with you. You can safely store the bill of sale in a bank locker or a safe so that nobody can steal it. If you lose it, you cannot apply for re-registration, you won’t be able to prove your ownership in case someone claims that the trailer is theirs, and you may face difficulties when you consider of selling the trailer. Once you acquire the trailer and have received an executed trailer bill of sale, you must immediately put the contract in a secure location. With that said, if the seller doesn’t offer you the trailer bill of sale, including the certificate of title, it would be intelligent of you to stop the transaction immediately. You cannot register your trailer with the DMV without those documents. These documents will come in handy when you register your newly-bought trailer with the Department of Motor Vehicle (DMV). It is vital to get the statement of title as well as the bill of sale from the seller if you buy the trailer. On the other hand, it also provides evidence that the trailer was assured to be in a specific condition at the time of purchase. In case if you are a buyer, a bill of sale is proof that the seller has transferred the trailer legally to you, and now it belongs to you.

As a seller, you can avoid any liability if the trailer is damaged or gets into an accident later. Moreover, it also shows that the buyer has presumed full responsibility for the trailer. The bill of sale is essential to the seller since it provides the proof of the money promised to him by the buyer for the trailer. Importance of the Bill of Sale Template For Your Trailer

The trailer bill of sale can also be used to determine how much tax you pay.Ĭonsidering the fact that you need more information on the trailer bill of sale, we have created this post to help you understand everything about this legal document. The bill protects you as well as the buyer, in case, if any disagreements or disputes arise in the future. For example, if you are selling your trailer, then the trailer bill of sale will be drafted by you, and it will include the details of the transaction. If you are looking for a trailer bill of sale, it is crucial to understand the entities involved in for forming the bill.

However, the bill of sale can also be used to record the sale of items like furniture or even animals. The bill of sale is commonly used to verify the sale of watercraft, motorcycles, autos, aircraft, and trailers, among other vehicles and transport mediums. Finding Your State’s Bill Of Sale Form For Your TrailerĪre you looking for a Trailer Bill of Sale template? A bill of sale is a legal document that verifies the transfer of ownership of an asset in exchange for money or records the purchase of an asset.Why do you need a trailer bill of sale?.Importance of the Bill of Sale Template For Your Trailer.

Basic bill of sale for trailer