![]() Why Use a Bill of Sale?īeyond helping you fulfill specific legal requirements, a bill of sale also verifies an item’s transfer of ownership. Drafting a bill of sale is also a good standard practice when you buy or sell other valuable items. ![]() ![]() In the state of New York, a bill of sale is required whenever you buy or sell a motor vehicle or boat. As-is: A bill of sale marked “as-is” means that the buyer accepts the item in its current condition.Examples include warranties or agreements for the buyer to accept the item as-is. Terms and Conditions: In this section, the buyer and seller can document any mutual agreements in relation to the sale.Description: This section includes identifying information like visual descriptives, serial numbers, item makes and models, the condition of the item being sold, and so on.Buyer: This section lists the name and information for the primary buyer and any additional buyers.Seller: This section includes the name, address, and contact information for the primary seller and any additional sellers.
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