You can benefit from this document whether you are the buyer or the seller because it provides you with a record of your transaction that is legally binding and will help you protect your rights. A trailer cannot be operable by itself. It includes homemade trailers, boat trailers, personal property bill of sale pdf trailer, camping trailers, etc.
A trailer bill of sale form is required in personal sales of a trailer. It includes relevant information for the protection of both parties. This information includes the name and address of both the seller and the buyer, as well as their signatures. It states clearly how much money the seller is paying to the buyer for the trailer and the date on which ownership of the trailer is being transferred.
It also contains specific information about the trailer including make, year, empty weight, and vehicle identification number and license plate number. That information can be found on the certification of registration of the trailer. If you sell an old trailer, make sure that you also transfer the warranty book to the buyer in case the warranty is not expired. Otherwise, you should put additional AS IS term in the bill of sale to avoid any unexpected fee or even refund because of damages or faults after you hand the trailer over to the buyer. However, it is highly recommended that the buyer should obtain a VIN for a homemade trailer because the VIN will help the government identify the trailer in case it is stolen. The trailer bill of sale is important to the seller because it provides proof of how much money the buyer has promised to pay and proof that the buyer has assumed responsibility for the trailer. This helps the seller avoid any liability if the trailer gets into an accident later.
The trailer bill of sale is also very important to the buyer. It provides a proof that the seller of the trailer did transfer the title legally to you and that you now own the trailer. It may also help the buyer prove that the trailer was guaranteed to be in a specific condition. If you buy a trailer, make sure that you get the bill of sale and statement of title from the seller. You will need both documents when you register the trailer with the DMV. Without those document, you cannot register the trailer with the DMV therefore if the seller doesn’t have the bill of sale and certificate of title or origin, you should stop the transaction right away.