What is a Bill of Sale?

A bill of sale is a crucial document in the transfer of vehicle ownership, though it doesn't confer ownership itself. It records the event of ownership transfer from one individual to another. Typically, it includes the date of transfer, the seller's signature, the vehicle identification number (VIN), and the sale price. While notarization may be required in some states for specific purposes, it's essential to check your state's requirements. The bill of sale doesn't necessarily need to be on a legal form; it can be a downloaded template or even handwritten, as long as it contains the necessary elements for legality.