A vehicle valuation of sale is a written Business agreement between you, as the seller of a used vehicle, and the buyer, someone purchasing the vehicle from you. A value of sale is compulsory to supply legal probation of the manner and to supply a binding Business agreement for a value path between you and the buyer, should you negotiate one. A fully completed worth of sale requires you To possess all information about the vehicle.
Instructions
1. Congregate all information about the vehicle to be sold, such as the VIN---Vehicle Identification Number---and the generate and representation. This facts typically can be erect on your vehicle honour.
For instance, you could write, "I, (your name) do hereby fully transfer all rights of ownership and use of (description of vehicle) to (buyer)."3. Describe the vehicle by make, model and color. Add details about its condition and mileage and add a note that it is sold "as-is."2. Dash off the introduction to your worth of sale. Although the exact wording can vary, you should accommodate your information---name and address---as fine as the buyer's erudition and a adequate discription of the vehicle. According to the Connecticut DMV, the vehicle discription should include an odometer reading at the time of purchase.
4. Write the dollar amount of the transaction in the same manner as you would a check, followed by the numerical amount in parentheses. For instance, if you were selling your car for $3,000, you would write, "The above stated rights of ownership and use shall be granted in return for the payment of three thousand (3,000) dollars."
If you and the buyer have negotiated a payment plan, include the details: "This amount is to be paid via an initial payment of fifteen hundred (1,500) dollars, followed by three subsequent payments of five hundred (500) dollars per month thereafter."
5. Sign and date the document. Add a blank space for the buyer's signature.
6. Print two copies of the document and have the buyer sign both of them. Keep one copy for your records.
