Protect Yourself From Fraud With a Bill of Sale

1. Many people believe that it won't happen to them. However, there is an increasing number of people who purchased a vehicle and then come into possession of stolen property, victim of odometer fraud , or possibly even realize that they have a debt due against the car. This article will address the various potential issues and provide a bill of sale for a car can protect against all of them. The bill of sale is a straightforward document that must be completed at the time that a vehicle is sold or bought privately. It contains all relevant information related to the car, including the model, make general condition, car's identification number and also the Odometer reading. The document is signed by the seller and buyer to confirm that the information is correct at the time of sale. The fraud of the odometer is grave crime that involves the reverse of the odometer to demonstrate that the vehicle has traveled less miles than it has. This is done to gain the highest resale value, and is typically discovered after a few months, and sometimes even several owners after. If you are being questioned by police regarding the car you previously owned, then a bill of sale can quickly and efficiently provide evidence to prove your innocence. A well-written bill of sale will be able to state that the seller has confirmed they own the car and there are no liens attached to the vehicle. The seller confirming this by writing it down and affixing their name on it is the most effective method to safeguard yourself from this kind of situation. . If you are being questioned by police regarding the car you previously owned, then a bill of sale can quickly and efficiently provide evidence to prove your innocence. Visit Website Bill of sale