What is a car sale receipt?
A car sale receipt is a great way to protect you both should any problems arise and will also give you some security.
A car sale receipt is a document that gives you a record of the purchase of your car. Regardless of whether it’s a private sale or bought from a dealer – once the car is paid for and sold, both buyer and seller need to fill it out. It’s a great way to protect you both should any future problems arise and will also give you some security.
The receipt will include:
- vehicle details
- buyer details
- seller details
- payment details (cash/check/other)
You can also add in notes about dents, marks or broken parts that have been discovered or discussed. As well as a reminder when the last service was done or who will pay for what upcoming fees.
What am I agreeing to?
Once you’ve filled out the details, you both need to sign the document. The acknowledgment section verifies the price you bought your car for and will confirm that:
- There are no fines or fees owing on the car.
- The seller was the legal owner and empowered to sell it.
- There’s no security or money owing to a third party.
If you’re sure of these three things, sign the receipt and make sure that both parties keep a hard copy or a photo of the original. This should be completed at the same time as the change of ownership and other paperwork you need before driving away.
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