What is the Purpose behind a Bill of Sale?

Carlglendon16 Jul, 2022Business

A bill of sale is a legal document that transfers ownership of a vehicle from one party to another. The person transferring ownership is called the buyer, and the new owner is called the seller. Typically, it includes information about the vehicle, such as its make and model, who purchased it, what condition it was in when it was purchased, how much they paid for it, where they got it from, and when they bought it.