Why Use a Bill of Sale?Īny bill of sale will show when an item was bought and who bought it, creating a record that can protect a seller from liability. Bills of sale are helpful for other types of purchases, but they are not required. ![]() You can use forms provided by the DOR, or you can create your own. Vehicle sales must be reported to the Missouri Department of Revenue (DOR) within 30 days. Bills of sale create an official record that you bought that item.įor items like motor vehicles, the creation of a bill of sale is required by Missouri law. Your manual will tell you where to look.Ī bill of sale is required in the state of Missouri to verify your purchase of major transactions like a car, a boat, or a firearm. It is usually printed in other places as well. The easiest place to find the VIN is on the bottom left corner of the dashboard. The VIN tells you where and in what year the car was built. Vehicle Identification Number: This is the unique code associated with a particular vehicle.PandaDoc documents offer the option for legal digital signatures. Digital signatures are valid if they are done through a certified digital signature provider. Certification/Signature: The signature of the seller and/or buyer, depending on the form, finalizes the transfer.Trade-In: In the event that one item is being traded for another, this section of the bill of sale will verify that the two items are equal in value.Gift: This identifies whether the item is being sold as a gift to the recipient, which will be important for tax purposes the following year.By signing a bill of sale agreeing to purchase something as-is, the buyer is agreeing that they’ve had the opportunity to inspect the item and found it to their satisfaction. As-is: This term means that the buyer is agreeing to purchase the item in its current state at the time of sale.The witness can be either a public notary or a party agreed upon by the buyer and seller. Witness information: If a witness is present to sign the bill of sale, their full name, address and other contact information will be listed here. ![]()
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