What is a bill of sale NC and what it is used for?
In North Carolina a document called a bill of sale NC is used to certify the exchange of legal possession of an item. Primarily, a bill of sale NC is used as a personal record. Note that in North Carolina, only a bill of sale for a boat must be notarized.
In North Carolina mainly used bills of sale are: 1) General bill of sale; 2) Bill of sale for a motor vehicle; 3) Bill of sale for a boat; 4) Bill of sale for a gun.
Writing a bill of sale in NC
You are not supposed to use sophisticated legal words to write a bill of sale in NC. Parties involved in sale are called the buyer and seller. Specific information must be included in all types of North Carolina bill of sale. In the first place, you will find out about the main information that must be included, then, you will learn how to detail items for the most commonly used bills of sale. Every North Carolina bills of sale must include: 1) Date, when bill of sale was made. Consider, if payment was made on another date, then the document was created, you should add the payment date in the section where the price of the selling object is indicated; 2) Full, legal names of both the seller and the buyer (specify who is the buyer and who is the seller, for instance: Jack Crow, the buyer and Linda Johnson, the seller); 3) Legal address of the seller and the buyer.
Next details of bill of sale in NC are description of the object for sale and terms of sale. For example, if the object is being given as a gift, that must be mentioned. In case of an object trade the received trade must be clarified. Firstly, you should write the amount in words and then in numbers. For instance, seven-hundred forty-five dollars and no cents ($745.00).
It is recommended to include disclosure of the seller in the bill of sale in NC, but it is not legally required. The seller’s disclosure is to notify the buyer if there are any known defects. It also notifies that there is no warranty on the item that is to be sold. Bill of sale in North Carolina should be signed and dated by both the buyer and the seller.
Here you can download other free forms, like girlfriend application.
General bill of sale in NC
General bill of sale NC is used for selling typical items, for example, a bicycle, designer clothing, a television, jewelry, gaming system, bedroom furniture, electronics, any item, excluding a motor vehicle, boat and gun. In the first place, you should define whether the selling object has a registration, serial or model number and if any of those are present, you should include in the North Carolina general bill of sale. You should also include in the document the information about physical characteristics of the object, like: color, weight, size, height. If the item has a make or model number, you should include it as well in the general bill of sale of North Carolina.
Vehicle bill of sale in NC
When you make a vehicle bill of sale in NC, you should involve following information about the vehicle: 1) Year; 2) Make; 3) Model; 4) Vehicle Identification Number or VIN; 5) Odometer reading.
When the vehicle is being bought from a dealer only then you will need a bill of sale in North Carolina, If the vehicle is less than 10-years old, odometer disclosure statement or MVR-180 must be completed and also damage disclosure statement or MVR-181 must be filled out.
Is there a necessity of bill of sale in NC when registering a motor vehicle?
If a vehicle is bought from an individual or gifted/donated, you will need documents, to register motor vehicle, as follows: 1) Vehicle title; 2) Lien release (if liens are displayed on a title of a vehicle); 3) Title application or MVR-1; 4) Odometer disclosure statement or MVR-180; 5) Damage disclosure statement or MVR-181; 6) Highway use tax Exemption Certification or MVR-613 – (When transferring vehicle between specific family members)
When vehicle is bought from a dealer, you will need following documents to register a motor vehicle: 1) Vehicle Title; 2) Bill of sale; 3) Title Application or MVR-1; 4) Odometer Disclosure Statement or MVR-180; 5) Damage Disclosure Statement or MVR-181.
Below you can download all the required forms for free: