In North Carolina, a bill of sale is not a requirement for you to sell a car. However, if you are contemplating selling a vehicle it is probably an idea to consider strongly.
An NC bill of sale form is not mandatory to be filed in the state. Strictly speaking, the only document you need to conduct a car sale in North Carolina is a correctly filled out and notarized certificate of title. The certificate of title assumes that you are the owner of the vehicle and the vehicle will be transferred to a second party for a specified amount.
Vehicle Bill of Sale Template
If you file a bill of sale form, the information on the form needs to include the name and address of the owner, the make and model of the vehicle being sold, and an accurate mileage at the time of sale.
Because this is a written agreement, it is a very good idea for you to ensure that:
- The check used to close the sale clears the buyer's bank; as pointed out in various blogs there are some very nasty sales scams occurring at the moment involving used car sales.
- All the fields are filled out correctly.
- The transferee on the title is listed as you, the owner.
- The person to whom the vehicle is transferred is the buyer.
- The mileage is accurate, for which you may ask a police officer for an affidavit, just in case the question comes up.
Why Use a Bill of Sale
A bill of sale is an official and legal document which helps you before all legal and final papers are prepared. You should use a bill of sale because it offers a measure of protection to the seller as well as the customer. For example, if you were to sell a vehicle and after three or four days the buyer was to try to back out of the deal, then you have a legal document to which to refer that solidifies the purchase. If the buyer took your car for a test drive and brought the car back with damage, you can also ask for extra money and prove the earlier condition of the car with the help of the bill of sale. It is also suggested that you take good pictures of your car while making the sale.
Likewise, if the buyer has issues that must be addressed before a sale can be finalized, those issues can be addressed in a bill of sale that will give the seller coverage in case the buyer decides it is not the vehicle that was represented.
How to Get a Bill of Sale Form
This form can be found here. The site provides you with a form that you can use as a North Carolina vehicle bill of sale template. Be aware, though, that this is not a free option, it's a "fee" option.