What Can You Get From a Vehicle Bill of Sale?
By definition, a bill of sale for a car is a legal document that is binding between a buyer and a seller to show that a private transaction occurred on a particular date. The document becomes valid only when a transaction has been completed.
There are lots of valid reasons why people should demand a car bill of sale when they intend to buy or sell a used car. The biggest reason of all is that the bill of sale for cars protects both parties against fraud. It also protects the buyer and seller when there is a misunderstanding that would leave to a law court. The judge would need a bill of sale for a car to settle the case.
How to Write a Vehicle Bill of Sale in South Carolina?
Writing the South Carolina bill of sale is simple and straightforward. Simply follow the instruction below:
Start the bill of sale for a car by declaring that you are the original owner of the vehicle. Mention the day you bought the vehicle and provide the vehicle’s details like the vehicle identification number, model, type, engine type, and transmission type.
Next, state your full names and address, and also leave a space for the full names and address of the other party. You may also want to state your contact details and that of the other party. Then, make provision for signatures of both the buyer and seller of the vehicle. Then, finally, leave room for at least two witnesses to sign the document.
Who Needs a Bill of Sale in South Carolina?
Every legal resident of South Carolina needs a bill of sale for a car. You cannot drive on the streets of SC if you’ve not registered your car. And you need the bill of sale to register your vehicle. If you are up to driving age and you intend to own a car, you need to request the bill of sale for a car from the seller before making a payment.
It is a good practice to have a bill of sale. It will protect you from scams, frauds, and even misunderstanding from the other party.
A vehicle bill of sale for cars in South Carolina is an important document that every South Carolina resident must have when they need to register their vehicle or renew their motor license. The bill of sale is also useful to protect car buyers from the risk of fraud or when a misunderstanding erupts between a buyer and a seller.
It is also an important document to tender at the law court when you need to prove to the court that you are the legal owner of a used vehicle. At its core, the bill of sale for cars should capture important information like the full names of both the buyer and sellers, their addresses, transaction date, the amount involved, as well as, the signatures of both the buyer and seller.
To avoid the issue of fraud when you want to buy a used car from a friend, it is important to demand a bill of sale for the car.