A car bill of sale is the document that transfers ownership of a vehicle from seller to buyer. A bill of sale is not legally binding until signed by both parties. In some states, it may take several days to finalize the transaction, depending on how busy the dealership is.

Type of Information to include in Your Car Bill of Sale

A car bill of sale in TN should always have the following information included:

• Vehicle Identification Number (VIN)
• Title
• Date sold
• Seller's name
• Buyer's name
• Location where the vehicle was purchased
• Amount paid
• Name of person who gave you money
• Address where the money was given
• Signature of buyer
• Signatures of seller and buyer

This is an important document that transfers ownership of a vehicle from one person to another.

Is a Car Bill of Sale the Same as a Car Title Document?

A car bill of sale is not considered a title document. In order to get a car title, you need to register the vehicle with the state Department of Motor Vehicles (DMV).

You can do this by filling out the application form provided by DMV and paying the registration fee. Once registered, the DMV issues a certificate of title, which is proof of ownership.

When selling a vehicle, the seller is responsible for transferring the title to the buyer. If the seller does not have the title, he/she must transfer it before completing the sale. When transferring the title, the seller is responsible to pay sales tax to the state. The buyer then takes possession of the title at the time of purchase.

Car Bill of Sale Vs Car Purchase Agreement

A car bill of sale is a legal document that transfers ownership of personal property from one person to another. A car purchase agreement is a contract that specifies terms under which the buyer purchases a certain item. You can easily get a free template bill of sale for car from legal forms websites online.

In both cases, the seller is legally obligated to transfer ownership of the item to the buyer. However, the term “purchase” implies that the buyer pays money for the item, while the term “sale” implies that the seller receives money for the item.