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1512 Technology Drive Ste 101, Chesapeake, VA 23320

Wisdom & Authority Title Solutions


What is a Bill of Sale?

Posted on November 7, 2011 at 2:15 PM Comments comments (101)

A bill of sale, in the "vehicle purchasing arena" is a document that acts as the receipt of purchase for a vehicle.  The purpose of a bill of sale is show that a vehicle purchase transaction took place between a seller and a buyer.  The bill of sale should be given in addition to the title of the vehicle.  The following two areas below entails what a bill of sale should include and what a bill of sale isn't:

What to Include on a Bill of Sale:

  • The make of the vehicle
  • The model of the vehicle
  • The year of the vehicle
  • The VIN (Vehicle Identification Number) of the vehicle
  • The date of the transaction
  • The terms of payment (cash, check, charge, etc.)
  • The amount of the sale
  • The printed name and signature of the seller
  • The printed name and signature of the buyer

What a Bill of Sale Is Not:
  • Not a Title
  • Transferable from one person to another (title skipping issues)
  • A vehicle registration
  • Proof of legal ownership of a vehicle

If you are in bought a vehicle and were entitled to receive a title, but received a bill of sale only; Wisdom & Authority Titling Solutions is available to assist you with the necessary compliance to obtain your vehicle title.  If you are an individual who sold a vehicle and only provided a bill of sale because you didn't have a title, Wisdom & Authority Titling Solutions is able to assist you with obtaining the title that you need as well.