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    Bill of Sale For Motor Vehicle (Encumbrances)

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    This document is a bill of sale transferring ownership of a motor vehicle from a seller to a buyer. It details the vehicle being sold, contains warranties and representations from the seller, and provisions for assuming any existing debts or liens on the vehicle.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd

    Bill of Sale For Motor Vehicle (Encumbrances)

    Uploaded by

    Legal Forms
    1K views3 pages
    This document is a bill of sale transferring ownership of a motor vehicle from a seller to a buyer. It details the vehicle being sold, contains warranties and representations from the seller, and provisions for assuming any existing debts or liens on the vehicle.

    Original Title

    Bill of Sale for Motor Vehicle (Encumbrances)

    Copyright

    © Attribution Non-Commercial (BY-NC)

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    DOC, PDF, TXT or read online from Scribd

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    This document is a bill of sale transferring ownership of a motor vehicle from a seller to a buyer. It details the vehicle being sold, contains warranties and representations from the seller, and provisions for assuming any existing debts or liens on the vehicle.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    1K views3 pages

    Bill of Sale For Motor Vehicle (Encumbrances)

    Uploaded by

    Legal Forms
    This document is a bill of sale transferring ownership of a motor vehicle from a seller to a buyer. It details the vehicle being sold, contains warranties and representations from the seller, and provisions for assuming any existing debts or liens on the vehicle.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 3
    At a glance
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    The key takeaways are that the bill of sale transfers ownership of a vehicle from the seller to the buyer and outlines the terms of the sale such as warranties, representations, and obligations assumed by each party.

    The bill of sale includes information about the seller, buyer, vehicle (make, model, year, VIN, etc.), existing debt on the vehicle, and terms and conditions of the sale.

    The buyer assumes the existing debt on the vehicle owed to the lienholder and agrees to repay this debt according to its terms.

    Motor Vehicle Bill of Sale

    THIS BILL OF SALE made Document Date (ie. July 31, 2002) between [Seller Name], of
    [Seller Address] (the "Seller") and [Buyer Name], of [Buyer Address] (the "Buyer").

    WHEREAS the Seller wishes to sell and the Buyer wishes to buy the motor vehicle described in
    Schedule "A" hereto (collectively the "Motor Vehicle") for the consideration and on the terms and
    conditions set forth below:

    NOW THEREFORE THIS BILL OF SALE witnesses that for good and valuable consideration
    now paid by the Buyer to the Seller at or before the execution and delivery of this Bill of Sale (the
    receipt and sufficiency of which is acknowledged), the Seller grants, bargains, sells, assigns,
    transfers, conveys and sets over to the Buyer the Motor Vehicle, upon and subject to the
    following terms and conditions:

    1. The Seller covenants, warrants and represents that:

    (a) the Seller has good and marketable title to the Motor Vehicle, free and clear of any
    mortgage, charge, security interest, lien, claim, charge or other encumbrance of
    any nature or kind whatsoever, save and except the encumbrance referred to in
    paragraph 2 below;

    (b) the Seller has the authority to sell the Motor Vehicle to the Buyer;

    (c) the Buyer shall, immediately after execution and delivery of this Bill of Sale, have
    quiet and peaceful possession and enjoyment of the Motor Vehicle for its own use
    and benefit without any manner of hindrance, interruption, molestation, claim or
    demand whatsoever of, from or by the Seller or any person;

    (d) the Seller will, from time to time and at all times hereafter, on every reasonable
    request of the Buyer, make, do and execute or cause to be made, done and
    executed all further acts, deeds or assurances as may be reasonably required by the
    Buyer for more effectually and completely vesting in the Buyer the Motor Vehicle,
    including but not limited transferring the ownership of the Motor Vehicle to the
    Buyer and making such filings and registrations with governmental authorities as
    are necessary or desirable to transfer ownership of the Motor Vehicle to the Buyer;
    and

    (e) it will indemnify and save harmless the Buyer from all costs, damages, expenses
    and other losses resulting or arising from the breach or untruth of any covenant,
    warranty or representation made or given by the Seller hereunder.

    2. The Buyer agrees to assume the existing indebtedness of the Seller to [Name of Person to
    whom Seller is Indebted having an Encumbrance over the Motor Vehicle] which is in the
    amount of $[Amount of Seller's Indebtedness to Encumbrance Holder] as of the date
    hereof and acknowledges that such debt is secured by an encumbrance over the Motor
    -2-

    Vehicle, which shall remain over the Motor Vehicle until such indebtedness is repaid in full.
    The Buyer covenants to repay such indebtedness in accordance with its terms, and to
    otherwise do and perform all of the obligations of the Seller thereunder.

    3. This Bill of Sale shall enure to the benefit of the successors and assigns of the Buyer.

    IN WITNESS WHEREOF, the parties hereto have executed this Bill of Sale as of the date first
    above mentioned.

    Witness [SELLER NAME]

    Witness [BUYER NAME]


    Schedule "A"
    Description and Location of Motor Vehicle

    Make of Vehicle: [Make of Vehicle (ie. Honda)]

    Model: [Model of Vehicle (ie. Accord)]

    Year: [Year of Vehicle (ie. 2002)]

    Style: [Style of Vehicle (ie. Coupe)]

    Vehicle Identification No: [Vehicle Identification No.]

    Color: [Color]

    Odometer Reading: [Odometer Reading]

    Other Features: [Other Features]

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