Bill of Sale Trailer Template

What is a bill of sale trailer template?

A bill of sale trailer template is a formal document that confirms the transfer of ownership of a trailer from a seller to a buyer. This document records the most important aspects of a sale-purchase transaction:

• identification details of the parties involved;
• detailed description of a trailer;
• purchase price;
• date of delivery;
• seller’s warranties; and
• applicable laws.

The present bill of sale for a trailer template could be used to record the transfer for any type of trailer. The primary purpose of this document is to confirm the seller’s intention to transfer the title and the receipt of the purchaser price in full. If, however, you are looking to transfer a title for a boat, use a bill of sale for a boat instead.

In the U.S. a title transfer over a trailer should be registered with a local Department of Motor Vehicles (DMV). In order to proceed with such a transfer, you have to bring a signed bill of sale template trailer along with other documents like insurance, a completed registration application form, etc.

How to draft a bill of sale for trailer template?

Creating a bill of sale for trailer template from scratch is a challenging task. It is vital to include all essential elements to make sure a final document is complete and legally sound. Below we prepared a short checklist you can use to craft your own template:

• Description of the Trailer. Inclusion of a trailer’s detailed description is a must-have for every bill of sale template for trailers. Those details are a trailer’s type, color, VIN number, width and height in feet, year of manufacturing, etc. There is no required list of details. However, the given details should be enough for a trailer’s identification.
• Payment Terms. Usually a trailer bill of sale template must define only a purchase price, excluding all applicable taxes like sales tax, etc. However, parties can also include acceptable payment methods a buyer shall use to pay for a trailer.
• Terms and Conditions of Delivery. Every trailer bill of sale template must define when and where the delivery of a trailer should take place. There are plenty of options parties can choose from, including: (1) deliver to a buyer’s address; (2) pick up from a seller’s address; (3) pick up from any other address or delivery, etc. The parties may wish to indicate the exact delivery date in the text of a contract or can agree upon it at a later stage. If, however, the parties agree on an exact delivery date, a buyer may wish to include a late fees clause. This clause allows a buyer to charge a seller in case of a delay in a trailer’s delivery. The late fees may have various forms, including a one-time payment.
• Applicable State Laws. The parties to the document shall choose a state the laws of which will apply to this document. They can choose any state they prefer too. However, the most common options are a state where a trailer is physically based, where a seller is based, or where a buyer is located. Thus, a Texas trailer bill of sale template means that this document is only applicable for the registration of a trailer in the state of Texas.

How to customize a trailer bill of sale template at FasterDraft?

To get a fully customized legal document, follow a few easy steps below:

1. Click the “Create Document” button.
2. Answer simple questions in the form.
3. Select a format—PDF or Word bill of sale template.
4. Make a payment.
5. Download, print, and use the document in seconds.