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Proper Bill of Sales receipt!
Awhile back someone posted a "bill of sales" contract they had made for when selling their car for the buyer to sign which stated the car being sold was a kit car, not a race car, no air bags, no roll over, not collison shock absorbtion units, etc. etc. They had written this up as a "coverage" for themselves if something ever happened. Is there any chance that someone might still have a copy? I am selling my car and thought this might be a good thing to use. Do you think this is really neccessary not only for a piece of mind but to cover yourself? What have you used in the past when selling these cars? I hear so many stories about new owners doing something without thinking and there is very little "forgiving on mistakes" by these vehicles, and I think it should be mentioned and signed.
Maybe I'm just being paranoid, but want to be safe. Any help would be greatly appreciated. Thanks, Bob |
Robert,
I haven't sold any of these cars but talked to a DMV person some time back and he said that you should put everything possible on the bill of sale for one of them in this state to cover yourself as well as possible. And this is a huge don't . Do not under any circumstances release the car to the buyer until they show you proof they have transferred the title over to their name as you will still be responsible for anything they do until this is done. When I sold my Comet, I made them bring me proof they had transferred it and then while they stood there I called the DMV, gave them the license number and asked what name the car was now in. So you aren't nearly as paranoid as I am. Ron :) |
I've used the following for many years now.
http://www.vtr.org/buyers-guide/bill-of-sale.pdf Be sure to have it notarized...You get one copy, as does the buyer. As for the idea of not releasing the car until the title has been switched over, let's face it, now that the internet is so widespread in use for selling vehicles, this is not always a practical idea since you could be selling the car to someone out of state................ Bill S. |
Bill,
Not to start an argument and releasing the car in other states may be all well and good. But I guarantee that here in this republic if you let the buyer drive it across the road and he hits something while it is still in your name, you will lose everything you have. The person that I made do all that and wait while I verified it was a cousin of mine and she was not at all upset about me doing it that way. I had just rather be safe than sorry. Ron :( |
I know Tom T. had one when he sold his CC. He was an attorney. Search his posts. Unfortunately he passed away recently.
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I pulled this out of one of Tom's post. I'd love to see the entire bill of sale if anyone has one.
Quoting in part from the waiver I required the buyer of my car to sign: "Vehicle is not a modern automobile and does not comply with or otherwise conform to state or federal laws and regulations, and contemporary standards of, automotive design and manufacture, including, without limitation, driver and passenger safety. Some examples of design and safety features Vehicle does not have include, without any limitation whatsoever: frontal and rear impact protection in the form of engineered collapsible and/or crumple zones, anti-intrusion steering column, anti-intrusion side impact door beams, supplemental restraint systems of any sort, including air bags, an inertia mechanism as a part of seat belt restraints, rollover protection for passenger, rollover protection for driver in conformance with the aforesaid laws, regulations, and contemporary standards, and any and all other safety features generally found in modern automobiles." |
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