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Used Vehicle Bill Of Sale for India

Used Vehicle Bill Of Sale Template for India

A Used Vehicle Bill of Sale is a legally binding document used in India for the transfer of ownership of a pre-owned vehicle from seller to buyer. This document, governed by Indian law including the Motor Vehicles Act 1988 and associated regulations, serves as official proof of sale and includes detailed information about the vehicle, parties involved, purchase price, and conditions of sale. It provides essential protection for both parties by documenting the vehicle's condition, any known issues, and the agreed-upon terms of sale, while ensuring compliance with local registration and transfer requirements.

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Used Vehicle Bill Of Sale

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What is a Used Vehicle Bill Of Sale?

A Used Vehicle Bill of Sale is a crucial document required for any transaction involving the sale of a pre-owned vehicle in India. This document serves as official evidence of the transfer of ownership and is essential for subsequent vehicle registration changes at the Regional Transport Office (RTO). The document must comply with the Motor Vehicles Act 1988 and various state-specific regulations. It includes comprehensive details about the vehicle (including make, model, year, VIN, and registration number), complete information about both buyer and seller, the purchase price, payment terms, and the vehicle's current condition. The document is particularly important as it protects both parties' interests by clearly stating the terms of sale and the condition in which the vehicle is being transferred, helping prevent future disputes and ensuring legal compliance.

What sections should be included in a Used Vehicle Bill Of Sale?

1. Parties: Identification and complete details of the seller and buyer, including names, addresses, and contact information

2. Background: Brief context about the vehicle sale transaction and the intent of the parties

3. Definitions: Key terms used in the document defined for clarity

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, and color

5. Purchase Price: Statement of the agreed purchase price and payment terms

6. Seller's Representations: Seller's declarations regarding vehicle ownership, liens, and condition

7. Transfer of Title: Terms of ownership transfer and responsibility for transfer documentation

8. Odometer Declaration: Statement of the current odometer reading and its accuracy

9. As-Is Condition: Declaration that the vehicle is sold 'as-is' with no warranties unless specifically stated

10. Execution: Signature block with date and witness provisions

What sections are optional to include in a Used Vehicle Bill Of Sale?

1. Warranties: Include when specific warranties are being provided by the seller

2. Outstanding Loans: Include when there are existing loans on the vehicle that need to be addressed

3. Joint Ownership: Include when the vehicle has multiple owners

4. Insurance Transfer: Include details about transfer of existing insurance policy if applicable

5. Dispute Resolution: Include specific dispute resolution procedures if desired by parties

6. Governing Law: Include if parties want to specify jurisdiction beyond default Indian law

What schedules should be included in a Used Vehicle Bill Of Sale?

1. Schedule A - Vehicle Inspection Report: Detailed report of vehicle condition, including photographs and noted defects

2. Schedule B - Service History: Documentation of vehicle maintenance and repair history

3. Schedule C - Accessories List: Itemized list of additional accessories included in the sale

4. Schedule D - Outstanding Loans Details: Details of any existing loans and settlement arrangements

5. Appendix 1 - Required Documents: Checklist of documents to be transferred (RC book, insurance, PUC certificate, etc.)

6. Appendix 2 - Transfer Forms: Copies of relevant RTO transfer forms

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Publisher

Ƶ

Document Type

Bill of Sale

Sector

Sales

Cost

Free to use
Relevant legal definitions





























Clauses





























Relevant Industries

Automotive

Transportation

Fleet Management

Vehicle Leasing

Insurance

Legal Services

Real Estate (for company vehicles)

Logistics

Retail (Automotive)

Financial Services

Relevant Teams

Legal

Operations

Fleet Management

Procurement

Administration

Finance

Compliance

Asset Management

Documentation

Risk Management

Relevant Roles

Fleet Manager

Automotive Sales Manager

Legal Counsel

Compliance Officer

Administrative Officer

Vehicle Procurement Manager

Asset Manager

Operations Manager

Finance Manager

Insurance Coordinator

Documentation Specialist

Transportation Manager

Business Owner

Property Manager

Contract Administrator

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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