Each state has different rules for what they consider a valid bill of sale, but a contract itself must abide by the following general rules: What Does a Bill of Sale Need to be Valid?Ī bill of sale acts as a contract between the buyer and seller of the car. Proper documentation of vehicle ownership is required in order to register your car. All states require you register a car with the department of motor vehicles. Whether you are the person selling or buying, you want proof of the transaction in the event someone claims your ownership or if someone is injured by the vehicle.Ģ. Automobiles can range in price from hundreds to tens of thousands of dollars depending on the year, make, model, condition, miles. There are two primary reasons why you want to secure a Bill of Sale in Texas when purchasing or selling a car:ġ. We also suggest securing a Texas bill of sale to properly document the sale including the sales price, condition of the car, and hold harmless language to protect the buyer and seller. When the original title is available this is completed by signing the “Transfer by Owner” or “Assignment” section of the title and filing the paperwork with the state. When buying or selling a car in Texas, you always want to document the transfer of the automobile from the seller to the buyer.
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