What Information Should Be on a Bill of Sale for an ATV?

Like any other big-dollar item, selling or buying an ATV (all-terrain vehicle) should not be done on just a handshake. A bill of sale is often overlooked, but it provides protection for both the buyer and the seller. Each party should sign and keep a copy of the bill of sale. Some states have specific forms that should be used. Although the order of the information on a bill of sale can vary, it should contain certain information about the transaction.

  1. Personal Information

    • A typical bill of sale usually has a sentence similar to "X, the seller, does hereby sell to Y, the buyer, the ATV." While this may be sufficient in that it names both of the parties involved, it is a better idea to include the contact information of both the buyer and the seller. This includes addresses and phone numbers. This is important in case any problems arise with respect to the vehicle, the transaction or the title.

    Vehicle Information

    • The bill of sale should contain enough information to positively and easily identify the ATV. At a very minimum it should state the make and model, VIN or serial number, year, color, mileage, license number -- if applicable -- and title number. Other items could include vehicle description, notations of any damage, specific parts and any accessories.

    Covenants

    • A covenant is simply a statement that the seller makes to the buyer concerning certain facts. The bill should state that the seller is the true owner and that there are no encumbrances on the ATV. Other covenants may cover whether the vehicle has a warranty or is sold "as is", if the vehicle has ever been wrecked or damaged and that the mileage is correct.

    Transaction

    • The bill of sale should reflect the terms of the transaction, most importantly the price. Many states use this information to tax the sale, so a statement about the accuracy of the price might also be included in the covenants section. The bill of sale should include the date to reflect when the sale took place. Any other pertinent terms, such as down payments and payment schedule, should also be included.

    Signatures

    • Both parties should sign and date the bill of sale. If witnesses are required, then they should also sign and date the bill. Finally, a notary may need to notarize the document. There should, therefore, be a place for that signature and seal if it is required.