Alberta Bill Of Sale
Buying a used vehicle can be a good tactic to save on costs, namely transport and secure a balanced budget, or just save money. Selling a used vehicle is just part of the lifecycle of owning a vehicle. In cases where you sell the vehicle to an individual in Alberta, you will need to produce a Bill of Sale.
Bills of sale are often used for the sale of vehicles or other large items such as trailers, fifth wheels and boat trailers. A bill of sale can protect both the buyer and the seller in the event that there is a dispute over the ownership of the item. If you are selling an item, you can ask the buyer to sign a bill of sale. You can also find templates for bills of sale online.
A bill of sale is a document that records the transfer of ownership of an item from one person to another. If you are selling an item and the buyer does not have a bill of sale, you can ask them to sign one. You can also find templates for bills of sale online.
What Does An Alberta Bill Of Sale Template Look Like?
In Alberta, a bill of sale must include certain information in order to be considered legal:
- The names and addresses of the buyer and seller
- Vehicle information (below)
- The date of the sale
- The price of the item being sold
- Both parties should sign the bill of sale and include their printed names
Where Can I Find A Bill Of Sale For Alberta?
Download directly from CAA AMA here: https://formsmgmt.gov.ab.ca/Public/REG3126.xdp
Use Legal Templates: https://legaltemplates.net/form/bill-of-sale/
When Should I Use A Bill Of Sale?
While a bill of sale is not required in every situation, you may want to use a bill of sale in the following situations:
- When selling or buying a vehicle
- When selling or buying a trailer
- When selling or buying large items such as machinery or equipment
Vehicle Information Required On An Alberta Bill Of Sale
The following information is typically required on an Alberta bill of sale for a vehicle:
- The make, model and year of the vehicle
- The color and style of the vehicle
- The Vehicle Identification Number (VIN)
- The odometer reading
Can I Drive Solely With A Bill Of Sale In Alberta?
You can drive with a bill of sale, but you need proof of insurance. You will also need to register the vehicle in your name in order to obtain license plates.
Can I Write My Own Bill Of Sale?
Yes, you can write your own bill of sale as long as it includes all of the required information. You can also find templates for bills of sale online.
Do I Need To Notarize My Bill Of Sale?
No, you do not need to notarize your bill of sale. However, both parties should sign the bill of sale and include their printed names.