A seller of an automobile or any other type of vehicle (van, motorcycle, truck or trailer) that is willing to receive payments for the sale, will require an Automobile/Vehicle Bill of Sale in conjunction with a Promissory Note.

The Automobile/Vehicle Bill of Sale form in this packet is designed to document the terms and conditions of the transaction and to protect the rights of both the seller and buyer. This legal form is also helpful for accounting and tax purposes and includes the make, model, year, mileage, and vehicle identification number (VIN) of the vehicle. The buyer can use an Automobile/ Vehicle bill of sale form to help prove ownership of the vehicle.

An Odometer Disclosure Statement is also included in this packet since federal law provides that the seller reveal the mileage upon transfer of ownership.

This Vehicle Bill of Sale form also allows the option to sell the vehicle “as is” or with some type of express warranty.

The Promissory Note for Purchase of Vehicle that is also part of this packet, is useful to protects the seller and to avoid possible problems in the future, and permits payment in monthly installments.

This Automobile/Vehicle Bill of Sale and Promissory Note packet also include simple instructions that guide you through each provision making it simple to easily understand the terms of your legal document.

These Important provisions are included in this Texas Automobile / Vehicle Bill of Sale and Promissory Note:

• Consideration paid: This provision indicates the sum paid for the vehicle and also can be used by the buyer to prove that valuable consideration was paid for the vehicle;
• Name and Address of Seller and Buyer : Identifies and locates the parties to this sale in case of a dispute;
• Make/ Model/ Year/ Mileage/ Vehicle identification number:Identifies the vehicle being sold;
• Covenant of Ownership: Seller warrants that he/she is the true owner of vehicle and has the right to sell the vehicle;
• Encumbrance Covenant: Seller warrants that the vehicle is free from any lien, security interest or other encumbrance;
• Defend Covenant: Seller will defend vehicle against any claims or demands.;
• Optional AS-IS Clause: Seller is not making any implied or express warranties as to the condition of the vehicle;
• Promissory Note: Documents the terms and conditions for the Promissory Note, including amount, payments, interest rate and vehicle information;
• Odometer Disclosure Statement: Under Federal Law, the seller must disclose the mileage upon transfer of ownership;

Protect Yourself, Your Rights, and Your Property, with our up-to-date forms.

This packet prepared by lawyers contains:

1. Step by Step Instructions, easy to use checklist, and important facts for the Texas Automobile / Vehicle Bill of Sale and Promissory Note;
2. Automobile / Vehicle Bill of Sale;
3. Promissory Note for Purchase of Vehicle;
4. Odometer Disclosure Statement.

State Law Compliant: This legal form packet complies with the laws of Texas.