The Automobile Bill of Sale is a document under which one or more sellers transfer title rights in a Automobile to one or more buyers. This document only represents the transfer of the RIGHT to ownership; the Automobile's certificate of title represents ACTUAL ownership. Thus, this document and the certificate of title are needed to complete the transfer of the Automobile. The Automobile Bill of Sale should be signed by the seller(s), and becomes effective as of the date provided in the text of the document. The buyer(s) should sign the Automobile Bill of Sale immediately below the odometer statement in the document. The buyer(s) should also make sure to obtain appropriate insurance coverage for the vehicle. |